Klaytn Performance
| KLAY Crypto | USD 0.17 0.01 6.25% |
The crypto secures a Beta (Market Risk) of 3.41, which conveys 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, Klaytn will likely underperform.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Klaytn has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Crypto's basic indicators remain rather sound which may send shares a bit higher in June 2024. The latest tumult may also be a sign of longer-term up-swing for Klaytn shareholders. ...more
1 | Groundhog Day for the Crypto Wars The DOJ on Bitcoin Prowl - Reason | 05/01/2024 |
Klaytn |
Klaytn Relative Risk vs. Return Landscape
If you would invest 23.00 in Klaytn on February 16, 2024 and sell it today you would lose (6.00) from holding Klaytn or give up 26.09% of portfolio value over 90 days. Klaytn is generating negative expected returns and assumes 6.3274% volatility on return distribution over the 90 days horizon. Simply put, 56% of crypto coins are less volatile than Klaytn, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Klaytn Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Klaytn's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Klaytn, and traders can use it to determine the average amount a Klaytn'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 = -0.0428
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | KLAY |
Estimated Market Risk
| 6.33 actual daily | 56 56% of assets are less volatile |
Expected Return
| -0.27 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Klaytn is not performing at its full potential. However, 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 Klaytn by adding Klaytn to a well-diversified portfolio.
About Klaytn Performance
To evaluate Klaytn 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 Klaytn 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 Klaytn 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 Klaytn market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Klaytn'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.Klaytn is peer-to-peer digital currency powered by the Blockchain technology.| Klaytn generated a negative expected return over the last 90 days | |
| Klaytn has high historical volatility and very poor performance | |
| Klaytn has some characteristics of a very speculative cryptocurrency | |
| Latest headline from news.google.com: Groundhog Day for the Crypto Wars The DOJ on Bitcoin Prowl - Reason |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Klaytn. 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.