Algorand Competition

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Algorand's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Algorand in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.010.246.70
Details
Intrinsic
Valuation
LowReal ValueHigh
0.010.246.70
Details
Naive
Forecast
LowNext ValueHigh
0.0040620.206.66
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.230.260.30
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Algorand. Your research has to be compared to or analyzed against Algorand's peers to derive any actionable benefits. When done correctly, Algorand's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Algorand.

Algorand Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Algorand and its competitors represents the degree of relationship between the price movements of corresponding cryptos. A correlation of about +1.0 implies that the price of Algorand and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Algorand does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Algorand Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Algorand Crypto Coin performing well and Algorand cryptocurrency doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Algorand's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
ETH 3.32 (0.19)  0.00  3.45  0.00 (0.0483)  0.00  7.29 (10.19)  29.16 
XRP 4.00  0.56  0.07 (0.75)  4.67  0.07 (6.81)  9.09 (8.16)  45.15 
SOL 4.47 (0.76)  0.00  0.86  0.00 (0.10)  0.00  9.37 (7.10)  51.25 
ADA 3.30 (0.44)  0.00  2.14  0.00 (0.11)  0.00  6.67 (9.80)  28.24 
MATIC 4.50  0.37  0.04 (0.40)  5.83  0.0332 (5.63)  9.20 (11.32)  49.59 
LINK 3.82  0.27  0.02 (0.23)  6.12  0.0277 (3.63)  6.59 (10.97)  32.54 
DOT 2.72 (0.35)  0.00  1.39  0.00 (0.10)  0.00  5.06 (9.13)  24.51 
AVAX 3.35 (0.52)  0.00  2.04  0.00 (0.11)  0.00  7.01 (8.33)  28.25 
UNI 4.49  0.02  0.00  0.03  0.00 (0.0115)  0.00  9.83 (12.13)  30.79 
APT 3.14 (0.46)  0.00  0.67  0.00 (0.08)  0.00  4.78 (10.01)  48.93 

Algorand Competitive Analysis

The better you understand Algorand competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Algorand's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Algorand's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
ALGOETHXRPSOLADAMATICLINKDOTAVAXUNI
 4.00 
 0.24 
Algorand
 0.35 
 1,203 
Ethereum
 2.44 
 0.40 
XRP
 4.21 
 14.59 
Solana
 3.23 
 0.32 
Cardano
 1.19 
 0.85 
Polygon
 0.15 
 6.83 
Chainlink
 2.48 
 5.38 
Polkadot
 0.86 
 12.94 
Avalanche
 0.74 
 5.45 
Uniswap
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Performance)
Odds of Financial Distress
(Probability Of Bankruptcy)
Current Valuation
(Equity Enterprise Value)
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Coefficient Of Variation
Mean Deviation
Jensen Alpha
Total Risk Alpha
Sortino Ratio
Downside Variance
Standard Deviation
Kurtosis
Potential Upside
Treynor Ratio
Maximum Drawdown
Variance
Market Risk Adjusted Performance
Risk Adjusted Performance
Skewness
Semi Deviation
Information Ratio
Value At Risk
Expected Short fall
Downside Deviation
Semi Variance

Algorand Competition Performance Charts

Complement your Algorand position

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 Trading Thematic Idea Now

Trading
Trading Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Trading theme has 61 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 Trading Theme or any other thematic opportunities.
View All  Next Launch
Please continue to Algorand Correlation with its peers. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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.
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
ALGO
 Crypto
  

USD 0.24  0.01  4.00%   

Algorand competes with Ethereum, XRP, Solana, Cardano, and Polygon; as well as few others. The company operates under Blockchain sector and is part of Cryptocurrency industry. Analyzing Algorand competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Algorand to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Algorand competition on your existing holdings. Please continue to Ethereum" title = "Algorand Correlation">Algorand Correlation with its peers.