DGTX Performance
DGTX Crypto | USD 0.000057 0.000009 13.64% |
The crypto shows a Beta (market volatility) of 9.59, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, DGTX will likely underperform.
Risk-Adjusted Performance
13 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in DGTX are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, DGTX exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
DGTX |
DGTX Relative Risk vs. Return Landscape
If you would invest 0.01 in DGTX on February 16, 2024 and sell it today you would lose 0.00 from holding DGTX or give up 44.66% of portfolio value over 90 days. DGTX is generating 8.388% of daily returns and assumes 47.5463% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than DGTX on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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DGTX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for DGTX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as DGTX, and traders can use it to determine the average amount a DGTX's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1764
Best Portfolio | Best Equity | DGTX | ||
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Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
47.55 actual daily | 96 96% of assets are less volatile |
Expected Return
5.04 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average DGTX is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of DGTX by adding it to a well-diversified portfolio.
About DGTX Performance
To evaluate DGTX Crypto Coin as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when DGTX generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare DGTX Crypto Coin's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand DGTX market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents DGTX's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.DGTX is peer-to-peer digital currency powered by the Blockchain technology.DGTX is way too risky over 90 days horizon | |
DGTX has some characteristics of a very speculative cryptocurrency | |
DGTX appears to be risky and price may revert if volatility continues |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DGTX. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.