Dogecoin Performance

DOGE
 Crypto
  

USD 0.07  0.0007  0.97%   

The crypto shows a Beta (market volatility) of 0.8422, which means possible diversification benefits within a given portfolio. Let's try to break down what Dogecoin's beta means in this case. As returns on the market increase, Dogecoin returns are expected to increase less than the market. However, during the bear market, the loss on holding Dogecoin will be expected to be smaller as well. Even though it is essential to pay attention to Dogecoin historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting 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. Dogecoin exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
Dogecoin Performance
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Over the last 90 days Dogecoin has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong technical and fundamental indicators, Dogecoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more

Dogecoin Price Channel

Dogecoin Relative Risk vs. Return Landscape

If you would invest  8.66  in Dogecoin on May 18, 2022 and sell it today you would lose (1.36)  from holding Dogecoin or give up 15.7% of portfolio value over 90 days. Dogecoin is generating negative expected returns and assumes 5.9802% volatility on return distribution over the 90 days horizon. Simply put, 51% of crypto coins are less volatile than Dogecoin, 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 Dogecoin is expected to under-perform the market. In addition to that, the company is 5.11 times more volatile than its market benchmark. It trades about -0.02 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.11 per unit of volatility.

Dogecoin Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dogecoin's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Dogecoin, and traders can use it to determine the average amount a Dogecoin'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 = -0.015

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Estimated Market Risk
 5.98
  actual daily
 
 51 %
of total potential
 
5151
Expected Return
 -0.09
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.01
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 0 %
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00
Based on monthly moving average Dogecoin 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 Dogecoin by adding it to a well-diversified portfolio.

About Dogecoin Performance

To evaluate Dogecoin 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 Dogecoin 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 Dogecoin 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 Dogecoin 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 Dogecoin'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.
Dogecoin is peer-to-peer digital currency powered by the Blockchain technology.

Things to note about Dogecoin

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

Dogecoin Alerts

Equity Alerts and Improvement Suggestions

Dogecoin generated a negative expected return over the last 90 days
Dogecoin has high historical volatility and very poor performance
Dogecoin has some characteristics of a very speculative cryptocurrency
Latest headline from www.cnbc.com: Ether spikes after merge test, and Ripple considers Celsius assets - CNBC
Continue to Investing Opportunities. Note that the Dogecoin information on this page should be used as a complementary analysis to other Dogecoin'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Other Tools for Dogecoin Crypto Coin

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