Alchemix Performance

ALCX
 Crypto
  

USD 27.97  0.35  1.27%   

The crypto shows a Beta (market volatility) of 0.8354, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Alchemix's beta means in this case. As returns on the market increase, Alchemix returns are expected to increase less than the market. However, during the bear market, the loss on holding Alchemix will be expected to be smaller as well. Even though it is essential to pay attention to Alchemix 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. Alchemix exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
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Alchemix Performance
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Over the last 90 days Alchemix 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 Alchemix investors. ...more

Alchemix Price Channel

Alchemix Relative Risk vs. Return Landscape

If you would invest  11,845  in Alchemix on March 28, 2022 and sell it today you would lose (9,048)  from holding Alchemix or give up 76.39% of portfolio value over 90 days. Alchemix is generating negative expected returns and assumes 9.7063% volatility on return distribution over the 90 days horizon. Simply put, 84% of crypto coins are less volatile than Alchemix, 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 Alchemix is expected to under-perform the market. In addition to that, the company is 6.75 times more volatile than its market benchmark. It trades about -0.17 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.11 per unit of volatility.

Alchemix Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alchemix's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Alchemix, and traders can use it to determine the average amount a Alchemix'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 = -0.1749

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Negative ReturnsALCX
Estimated Market Risk
 9.71
  actual daily
 
 84 %
of total potential
 
8484
Expected Return
 -1.7
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 0 %
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Risk-Adjusted Return
 -0.17
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Based on monthly moving average Alchemix 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 Alchemix by adding it to a well-diversified portfolio.

About Alchemix Performance

To evaluate Alchemix 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 Alchemix 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 Alchemix 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 Alchemix 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 Alchemix'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.
Alchemix is peer-to-peer digital currency powered by the Blockchain technology. Alchemix Finance is a future-yield-backed synthetic asset platform and community DAO. The platform is designed to give users advances on their yield farming via a synthetic token that represents a fungible claim on any underlying collateral in the Alchemix protocol. The DAO will focus on funding projects that will help the Alchemix ecosystem grow, as well as the greater Ethereum community.Discord YouTube MediumWhitepaper

Things to note about Alchemix

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

Alchemix Alerts

Equity Alerts and Improvement Suggestions

Alchemix generated a negative expected return over the last 90 days
Alchemix has high historical volatility and very poor performance
Latest headline from www.bloomberg.com: Crypto Traders Turn Against Each Other in a Collapsing Market - Bloomberg
Please continue to Trending Equities. Note that the Alchemix information on this page should be used as a complementary analysis to other Alchemix'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Other Tools for Alchemix Crypto Coin

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