Algorand Performance

ALGO
 Crypto
  

USD 0.23  0.01  4.17%   

The crypto shows a Beta (market volatility) of -0.8678, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Algorand's beta means in this case. As the market becomes more bullish, returns on owning Algorand are expected to decrease slowly. On the other hand, during market turmoil, Algorand is expected to outperform it slightly. Even though it is essential to pay attention to Algorand historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in foreseeing any crypto's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Algorand exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
Algorand Performance
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Over the last 90 days Algorand has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's technical and fundamental indicators remain somewhat strong which may send shares a bit higher in January 2023. The current disturbance may also be a sign of long term up-swing for Algorand investors. ...more

Algorand Price Channel

Algorand Relative Risk vs. Return Landscape

If you would invest  31.00  in Algorand on September 7, 2022 and sell it today you would lose (8.00)  from holding Algorand or give up 25.81% of portfolio value over 90 days. Algorand is generating negative expected returns and assumes 6.4622% volatility on return distribution over the 90 days horizon. Simply put, 56% of crypto coins are less volatile than Algorand, and 99% 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 Algorand is expected to under-perform the market. In addition to that, the company is 4.28 times more volatile than its market benchmark. It trades about -0.04 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.04 per unit of volatility.

Algorand Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Algorand's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Algorand, and traders can use it to determine the average amount a Algorand'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 = -0.0376

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Estimated Market Risk
 6.46
  actual daily
 
 56 %
of total potential
 
5656
Expected Return
 -0.24
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 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.04
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00
Based on monthly moving average Algorand is performing at about 0% 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 Algorand by adding it to a well-diversified portfolio.

About Algorand Performance

To evaluate Algorand 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 Algorand 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 Algorand 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 Algorand market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Algorand'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.
Algorand is peer-to-peer digital currency powered by the Blockchain technology.

Things to note about Algorand

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

Algorand Alerts

Equity Alerts and Improvement Suggestions

Algorand generated a negative expected return over the last 90 days
Algorand has high historical volatility and very poor performance
Algorand has some characteristics of a very speculative cryptocurrency
Please continue to Trending Equities. 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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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