PAY Performance
| PAY Crypto | USD 0.01 0.00001 0.13% |
The entity holds a Beta of -0.0264, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PAY are expected to decrease at a much lower rate. During the bear market, PAY is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days PAY has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, PAY is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
PAY |
PAY Relative Risk vs. Return Landscape
If you would invest 0.86 in PAY on February 15, 2024 and sell it today you would lose (0.08) from holding PAY or give up 9.06% of portfolio value over 90 days. PAY is generating 0.0886% of daily returns assuming 6.9624% volatility of returns over the 90 days investment horizon. Simply put, 61% of all crypto coins have less volatile historical return distribution than PAY, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
PAY Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PAY's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as PAY, and traders can use it to determine the average amount a PAY'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 = 0.0127
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| Cash | Small Risk | Average Risk | High Risk | PAY |
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Estimated Market Risk
| 6.96 actual daily | 61 61% of assets are less volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average PAY 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 PAY by adding PAY to a well-diversified portfolio.
About PAY Performance
To evaluate PAY 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 PAY 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 PAY 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 PAY market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents PAY'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.PAY is peer-to-peer digital currency powered by the Blockchain technology.| PAY had very high historical volatility over the last 90 days | |
| PAY has some characteristics of a very speculative cryptocurrency | |
| Latest headline from news.google.com: Led by Bitcoin, why is the crypto market up today - AMBCrypto News |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PAY. 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 Money Managers module to screen money managers from public funds and ETFs managed around the world.