API3 Performance

API3
 Crypto
  

USD 2.42  0.24  11.01%   

The crypto shows a Beta (market volatility) of 0.6888, which signifies possible diversification benefits within a given portfolio. Let's try to break down what API3's beta means in this case. As returns on the market increase, API3 returns are expected to increase less than the market. However, during the bear market, the loss on holding API3 will be expected to be smaller as well. Although it is vital to follow API3 historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The approach to foreseeing future performance of any crypto is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-one technical indicators for API3, which you can use to evaluate the performance of the entity.
  
API3 Performance
6 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in API3 are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak forward indicators, API3 sustained solid returns over the last few months and may actually be approaching a breakup point. ...more

API3 Price Channel

API3 Relative Risk vs. Return Landscape

If you would invest  191.00  in API3 on May 16, 2022 and sell it today you would earn a total of  51.00  from holding API3 or generate 26.7% return on investment over 90 days. API3 is generating 0.7091% of daily returns and assumes 8.5474% volatility on return distribution over the 90 days horizon. Simply put, 74% of crypto coins are less volatile than API3, and 87% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days trading horizon API3 is expected to generate 6.83 times more return on investment than the market. However, the company is 6.83 times more volatile than its market benchmark. It trades about 0.08 of its potential returns per unit of risk. The DOW is currently generating roughly 0.06 per unit of risk.

API3 Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for API3's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as API3, and traders can use it to determine the average amount a API3'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 = 0.083

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Estimated Market Risk
 8.55
  actual daily
 
 74 %
of total potential
 
7474
Expected Return
 0.71
  actual daily
 
 13 %
of total potential
 
1313
Risk-Adjusted Return
 0.08
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 6 %
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66
Based on monthly moving average API3 is performing at about 6% 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 API3 by adding it to a well-diversified portfolio.

About API3 Performance

To evaluate API3 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 API3 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 API3 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 API3 stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents API3'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.
API3 is peer-to-peer digital currency powered by the Blockchain technology.

Things to note about API3

Checking the ongoing alerts about API3 for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for API3 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

API3 Alerts

Equity Alerts and Improvement Suggestions

API3 is way too risky over 90 days horizon
API3 appears to be risky and price may revert if volatility continues
Latest headline from cointelegraph.com: Crypto.com scores regulatory approval from Cyprus SEC - Cointelegraph
Please continue to Trending Equities. Note that the API3 information on this page should be used as a complementary analysis to other API3'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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Other Tools for API3 Crypto Coin

When running API3 price analysis, check to measure API3's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy API3 is operating at the current time. Most of API3's value examination focuses on studying past and present price action to predict the probability of API3's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move API3's price. Additionally, you may evaluate how the addition of API3 to your portfolios can decrease your overall portfolio volatility.
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