Algorand Buy Hold or Sell Recommendation

ALGO
 Crypto
  

USD 0.35  0.01  2.78%   

Assuming the 90 days trading horizon and your complete indifference towards market risk, our recommendation regarding Algorand is 'Strong Hold'. Macroaxis provides Algorand buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Algorand positions. The advice algorithm takes into account all of Algorand's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Algorand's buy-and-hold perspective. Please continue to

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Strong Hold

Volatility

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Hype Condition

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Current Valuation

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Odds of Distress

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Economic Sensitivity

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For the selected time horizon Algorand has a Risk Adjusted Performance of 0.08, Jensen Alpha of 0.3246, Total Risk Alpha of 0.7366, Sortino Ratio of 0.0671 and Treynor Ratio of 0.6066
We provide trade advice to complement the prevailing expert consensus on Algorand. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the crypto's potential to grow using all technical and fundamental data available at the time.

Algorand Trading Alerts and Improvement Suggestions

Algorand has some characteristics of a very speculative cryptocurrency
Algorand has very high historical volatility over the last 90 days
Latest headline from www.coindesk.com: California Regulator Targets 11 Crypto Trading Desks Operating Like Ponzis - CoinDesk

Algorand Returns Distribution Density

The distribution of Algorand's historical returns is an attempt to chart the uncertainty of Algorand's future price movements. The chart of the probability distribution of Algorand daily returns describes the distribution of returns around its average expected value. We use Algorand price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Algorand returns is essential to provide solid investment advice for Algorand cryptocurrency.
Mean Return0.28Value At Risk-9.09
Potential Upside6.90Standard Deviation4.41
   Return Density   
       Distribution  
Cryptocurrency investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Algorand historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different crypto investement strategies.

Algorand Greeks

Most traded cryptocurrencies are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or coin-specific or project-specific) risk. Unsystematic risk is the risk that events specific to Algorand project will adversely affect the coin's price. This type of risk can be diversified away by owning several different digital assets on different exchanges whose coin prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Algorand's price will be affected by overall cryptocurrency market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Algorand crypto's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.32
β
Beta against DOW0.45
σ
Overall volatility
4.44
Ir
Information ratio 0.09

Algorand Volatility Alert

Algorand exhibits above-average semi-deviation for your current time horizon. We encourage cryptocurrency investors to investigate Algorand individually to make sure intended market timing strategies and available technical indicators are consistent with their estimates about Algorand projected systematic risk. Please note that many cryptocurrencies are speculative and subject to artificial price hype. Ensure you understand the upside potential and downside risk of investing in Algorand. We encourage all cryptocurrency investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before the public announcements. Please also check the biographies and work history of current and past project contributors before investing in high-volatility crypto coins. You can indeed make money on Algorand if you perfectly time your entry and exit. However, remember that cryptos that have been the subject of artificial hype usually cannot maintain its increased price for more than a few days. The price of a promoted high-volatility instrument will almost always revert. The only way to increase coin holder value is through legitimate performance analysis backed up by solid fundamentals of the project the coin represents. Understanding different market volatility trends often help investors time the market. Properly using volatility indicators enable traders to measure Algorand's crypto coin risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Algorand's price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different cryptos as prices fall or investing in DeFi projects.

About Algorand Buy or Sell Advice

When is the right time to buy or sell Algorand? Buying financial instruments such as Algorand Crypto Coin isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Algorand in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run USD Crypto Assets Thematic Idea Now

USD Crypto Assets
USD Crypto Assets Theme
An experimental p2p digital currency that is accepted by many vendors in US Dollar. The USD Crypto Assets theme has 0 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize USD Crypto Assets Theme or any other thematic opportunities.
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Please continue to Algorand Technical Analysis Note that the Algorand information on this page should be used as a complementary analysis to other Algorand's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Other Tools for Algorand Crypto Coin

When running Algorand price analysis, check to measure Algorand's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Algorand is operating at the current time. Most of Algorand's value examination focuses on studying past and present price actions to predict the probability of Algorand's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Algorand's coin price. Additionally, you may evaluate how adding Algorand to your portfolios can decrease your overall portfolio volatility.
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