STEPN Performance

GMT
 Crypto
  

USD 0.93  0.02  2.20%   

The entity has a beta of 1.637, which indicates a somewhat significant risk relative to the market. Let's try to break down what STEPN's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, STEPN will likely underperform. Even though it is essential to pay attention to STEPN current price movements, it is always good to be careful when utilizing equity historical returns. Our approach towards measuring 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. STEPN exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
STEPN Performance
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Over the last 90 days STEPN has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong primary indicators, STEPN is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more

STEPN Price Channel

STEPN Relative Risk vs. Return Landscape

If you would invest  131.00  in STEPN on May 10, 2022 and sell it today you would lose (38.00)  from holding STEPN or give up 29.01% of portfolio value over 90 days. STEPN is producing return of less than zero assuming 9.9578% volatility of returns over the 90 days investment horizon. Simply put, 86% of all crypto coins have less volatile historical return distribution than STEPN, 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 STEPN is expected to under-perform the market. In addition to that, the company is 7.9 times more volatile than its market benchmark. It trades about 0.0 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.04 per unit of volatility.

STEPN Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for STEPN's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as STEPN, and traders can use it to determine the average amount a STEPN'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 = -0.0036

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Estimated Market Risk
 9.96
  actual daily
 
 86 %
of total potential
 
8686
Expected Return
 -0.04
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 0.0
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00
Based on monthly moving average STEPN 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 STEPN by adding it to a well-diversified portfolio.

About STEPN Performance

To evaluate STEPN 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 STEPN 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 STEPN 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 STEPN 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 STEPN'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.
STEPN is peer-to-peer digital currency powered by the Blockchain technology. STEPN is a Web3 lifestyle app with inbuilt Game-Fi and Social-Fi elements. STEPN is built around an essential daily activity for most people moving around.It a project to effectively bring to life a functioning moveandearn concept.Users equip themselves with NFTs in the form of Sneakers. By walking, jogging, or running outdoors, users will earn game currency, which can either be used in-game or cashed out.Telegram Discord MediumWhitepaper

Things to note about STEPN

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

STEPN Alerts

Equity Alerts and Improvement Suggestions

STEPN generated a negative expected return over the last 90 days
STEPN has high historical volatility and very poor performance
STEPN has some characteristics of a very speculative cryptocurrency
Please check Risk vs Return Analysis. Note that the STEPN information on this page should be used as a complementary analysis to other STEPN'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Other Tools for STEPN Crypto Coin

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