Ardor Performance

ARDR
 Crypto
  

USD 0.12  0.02  14.29%   

The crypto shows a Beta (market volatility) of 0.9468, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Ardor's beta means in this case. Ardor returns are very sensitive to returns on the market. As the market goes up or down, Ardor is expected to follow. Although it is vital to follow Ardor historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy in 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. By analyzing Ardor technical indicators, you can presently evaluate if the expected return of 0.44% will be sustainable into the future.
  
Ardor Performance
5 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Ardor are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak fundamental indicators, Ardor sustained solid returns over the last few months and may actually be approaching a breakup point. ...more

Ardor Price Channel

Ardor Relative Risk vs. Return Landscape

If you would invest  12.00  in Ardor on May 15, 2022 and sell it today you would earn a total of  2.00  from holding Ardor or generate 16.67% return on investment over 90 days. Ardor is generating 0.4404% of daily returns and assumes 6.351% volatility on return distribution over the 90 days horizon. Simply put, 55% of crypto coins are less volatile than Ardor, and 92% 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 Ardor is expected to generate 5.04 times more return on investment than the market. However, the company is 5.04 times more volatile than its market benchmark. It trades about 0.07 of its potential returns per unit of risk. The DOW is currently generating roughly 0.06 per unit of risk.

Ardor Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ardor's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Ardor, and traders can use it to determine the average amount a Ardor'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 = 0.0693

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Estimated Market Risk
 6.35
  actual daily
 
 55 %
of total potential
 
5555
Expected Return
 0.44
  actual daily
 
 8 %
of total potential
 
88
Risk-Adjusted Return
 0.07
  actual daily
 
 5 %
of total potential
 
55
Based on monthly moving average Ardor is performing at about 5% 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 Ardor by adding it to a well-diversified portfolio.

About Ardor Performance

To evaluate Ardor 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 Ardor 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 Ardor 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 Ardor 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 Ardor'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.
Ardor is peer-to-peer digital currency powered by the Blockchain technology.

Things to note about Ardor

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

Ardor Alerts

Equity Alerts and Improvement Suggestions

Ardor has very high historical volatility over the last 90 days
Ardor has some characteristics of a very speculative cryptocurrency
Latest headline from www.theregister.com: Bogus cryptocurrency apps steal millions in mere months - The Register
Please continue to Trending Equities. Note that the Ardor information on this page should be used as a complementary analysis to other Ardor'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Other Tools for Ardor Crypto Coin

When running Ardor price analysis, check to measure Ardor'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 Ardor is operating at the current time. Most of Ardor's value examination focuses on studying past and present price action to predict the probability of Ardor's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ardor's price. Additionally, you may evaluate how the addition of Ardor to your portfolios can decrease your overall portfolio volatility.
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