Boba Network Performance

BOBA
 Crypto
  

USD 0.58  0.01  1.75%   

The crypto shows a Beta (market volatility) of 0.7265, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Boba Network's beta means in this case. As returns on the market increase, Boba Network returns are expected to increase less than the market. However, during the bear market, the loss on holding Boba Network will be expected to be smaller as well. Although it is important to respect Boba Network historical returns, it is better to be realistic regarding the information on the equity's 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 Boba Network technical indicators, you can presently evaluate if the expected return of 0.14% will be sustainable into the future.
  
Boba Network Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Boba Network are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak fundamental drivers, Boba Network may actually be approaching a critical reversion point that can send shares even higher in September 2022. ...more

Boba Network Price Channel

Boba Network Relative Risk vs. Return Landscape

If you would invest  65.00  in Boba Network on May 9, 2022 and sell it today you would lose (7.00)  from holding Boba Network or give up 10.77% of portfolio value over 90 days. Boba Network is generating 0.1439% of daily returns and assumes 7.8055% volatility on return distribution over the 90 days horizon. Simply put, 67% of crypto coins are less volatile than Boba Network, and 98% 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 Boba Network is expected to generate 6.26 times more return on investment than the market. However, the company is 6.26 times more volatile than its market benchmark. It trades about 0.02 of its potential returns per unit of risk. The DOW is currently generating roughly 0.03 per unit of risk.

Boba Network Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Boba Network's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Boba Network, and traders can use it to determine the average amount a Boba Network'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 = 0.0184

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Estimated Market Risk
 7.81
  actual daily
 
 67 %
of total potential
 
6767
Expected Return
 0.14
  actual daily
 
 2 %
of total potential
 
22
Risk-Adjusted Return
 0.02
  actual daily
 
 1 %
of total potential
 
11
Based on monthly moving average Boba Network is performing at about 1% 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 Boba Network by adding it to a well-diversified portfolio.

About Boba Network Performance

To evaluate Boba Network 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 Boba Network 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 Boba Network 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 Boba Network 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 Boba Network'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.
Boba Network is peer-to-peer digital currency powered by the Blockchain technology. Boba Network is an Optimistic Rollup that combines the open-source work done by Optimism with the research and development effort of the Enya team on swap-based onramp, fast exit, cross-chain bridging and other features.Telegram Discord

Things to note about Boba Network

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

Boba Network Alerts

Equity Alerts and Improvement Suggestions

Boba Network has very high historical volatility over the last 90 days
Boba Network has some characteristics of a very speculative cryptocurrency
Continue to Trending Equities. Note that the Boba Network information on this page should be used as a complementary analysis to other Boba Network'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Other Tools for Boba Network Crypto Coin

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