Polygon Performance

MATIC
  

USD 0.81  0.0146  1.77%   

The crypto holds a Beta of -0.157, which implies not very significant fluctuations relative to the market. Let's try to break down what Polygon's beta means in this case. As returns on the market increase, returns on owning Polygon are expected to decrease at a much lower rate. During the bear market, Polygon is likely to outperform the market. Although it is vital to follow Polygon current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. Our philosophy towards forecasting future performance of any crypto is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Polygon expected return of 1.14 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable.
  
Polygon Performance
12 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Polygon are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak forward indicators, Polygon sustained solid returns over the last few months and may actually be approaching a breakup point. ...more

Polygon Relative Risk vs. Return Landscape

If you would invest  48.00  in Polygon on June 29, 2022 and sell it today you would earn a total of  33.00  from holding Polygon or generate 68.75% return on investment over 90 days. Polygon is generating 1.1384% of daily returns and assumes 7.0365% volatility on return distribution over the 90 days horizon. Simply put, 61% of crypto coins are less volatile than Polygon, and 78% 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 Polygon is expected to generate 6.35 times more return on investment than the market. However, the company is 6.35 times more volatile than its market benchmark. It trades about 0.16 of its potential returns per unit of risk. The DOW is currently generating roughly -0.07 per unit of risk.

Polygon Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Polygon's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Polygon, and traders can use it to determine the average amount a Polygon'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 = 0.1618

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Estimated Market Risk
 7.04
  actual daily
 
 61 %
of total potential
 
6161
Expected Return
 1.14
  actual daily
 
 22 %
of total potential
 
2222
Risk-Adjusted Return
 0.16
  actual daily
 
 12 %
of total potential
 
1212
Based on monthly moving average Polygon is performing at about 12% 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 Polygon by adding it to a well-diversified portfolio.

About Polygon Performance

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

Things to note about Polygon

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

Polygon Alerts

Equity Alerts and Improvement Suggestions

Polygon is not yet fully synchronised with the market data
Polygon is way too risky over 90 days horizon
Polygon has some characteristics of a very speculative cryptocurrency
Polygon appears to be risky and price may revert if volatility continues
Latest headline from Macroaxis: Comprehensive Overview of MATIC
Additionally, see Correlation Analysis. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Other Tools for Polygon Crypto Coin

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