Cardano Performance

ADA
 Crypto
  

USD 0.50  0.02  4.17%   

The crypto shows a Beta (market volatility) of 0.4052, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Cardano's beta means in this case. As returns on the market increase, Cardano returns are expected to increase less than the market. However, during the bear market, the loss on holding Cardano will be expected to be smaller as well. Even though it is essential to pay attention to Cardano 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. Cardano exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
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Cardano Performance
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Over the last 90 days Cardano 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 fundamental indicators remain somewhat strong which may send shares a bit higher in July 2022. The current disturbance may also be a sign of long term up-swing for Cardano investors. ...more

Cardano Price Channel

Cardano Relative Risk vs. Return Landscape

If you would invest  119.00  in Cardano on March 29, 2022 and sell it today you would lose (69.00)  from holding Cardano or give up 57.98% of portfolio value over 90 days. Cardano is producing return of less than zero assuming 8.2243% volatility of returns over the 90 days investment horizon. Simply put, 71% of all crypto coins have less volatile historical return distribution than Cardano, 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 Cardano is expected to under-perform the market. In addition to that, the company is 5.7 times more volatile than its market benchmark. It trades about -0.12 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.12 per unit of volatility.

Cardano Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Cardano's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Cardano, and traders can use it to determine the average amount a Cardano'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 = -0.1224

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Estimated Market Risk
 8.22
  actual daily
 
 71 %
of total potential
 
7171
Expected Return
 -1.01
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 0 %
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Risk-Adjusted Return
 -0.12
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Based on monthly moving average Cardano 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 Cardano by adding it to a well-diversified portfolio.

About Cardano Performance

To evaluate Cardano 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 Cardano 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 Cardano 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 Cardano 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 Cardano'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.
Cardano is peer-to-peer digital currency powered by the Blockchain technology. Designed and developed byIOHK in conjunction with the University of Edinburgh, the University of Athens and the University of Connecticut, Cardano SL is a Proof of Stake cryptocurrencybased on the Haskell implementation of the white paper Ouroboros A Provably Secure Proof of Stake Blockchain Protocol by Aggelos Kiayias, Alexander Russell, Bernardo David and Roman Oliynykov.Blockchain data provided byBlockchairTelegram Facebook YouTube LinkedIn

Things to note about Cardano

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

Cardano Alerts

Equity Alerts and Improvement Suggestions

Cardano generated a negative expected return over the last 90 days
Cardano has high historical volatility and very poor performance
Cardano has some characteristics of a very speculative cryptocurrency
Latest headline from www.theguardian.com: Electricity used to mine bitcoin plummets as crypto crisis widens - The Guardian
Please continue to Trending Equities. Note that the Cardano information on this page should be used as a complementary analysis to other Cardano'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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Other Tools for Cardano Crypto Coin

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