Chroma Performance

CHR
 Crypto
  

USD 0.12  0.01  9.09%   

The crypto shows a Beta (market volatility) of -1.4142, which signifies a somewhat significant risk relative to the market. Let's try to break down what Chroma's beta means in this case. As returns on the market increase, returns on owning Chroma are expected to decrease by larger amounts. On the other hand, during market turmoil, Chroma is expected to outperform it. Even though it is essential to pay attention to Chroma historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards 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. Chroma exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
Chroma Performance
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Over the last 90 days Chroma 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 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 Chroma investors. ...more

Chroma Price Channel

Chroma Relative Risk vs. Return Landscape

If you would invest  18.00  in Chroma on September 6, 2022 and sell it today you would lose (6.00)  from holding Chroma or give up 33.33% of portfolio value over 90 days. Chroma is producing return of less than zero assuming 7.9364% volatility of returns over the 90 days investment horizon. Simply put, 68% of all crypto coins have less volatile historical return distribution than Chroma, 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 Chroma is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 15.73 times less risky than the market. the firm trades about -0.04 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.11 of returns per unit of risk over similar time horizon.

Chroma Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chroma's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Chroma, and traders can use it to determine the average amount a Chroma'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 = -0.0373

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Estimated Market Risk
 7.94
  actual daily
 
 68 %
of total potential
 
6868
Expected Return
 -0.3
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 0 %
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Risk-Adjusted Return
 -0.04
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Based on monthly moving average Chroma 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 Chroma by adding it to a well-diversified portfolio.

About Chroma Performance

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

Things to note about Chroma

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

Chroma Alerts

Equity Alerts and Improvement Suggestions

Chroma generated a negative expected return over the last 90 days
Chroma has high historical volatility and very poor performance
Chroma has some characteristics of a very speculative cryptocurrency
Continue to Trending Equities. Note that the Chroma information on this page should be used as a complementary analysis to other Chroma'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 Chroma Crypto Coin

When running Chroma price analysis, check to measure Chroma's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Chroma is operating at the current time. Most of Chroma's value examination focuses on studying past and present price actions to predict the probability of Chroma's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Chroma's coin price. Additionally, you may evaluate how adding Chroma to your portfolios can decrease your overall portfolio volatility.
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