Optimism Performance

OP
 Crypto
  

USD 1.00  0.05  4.76%   

The crypto holds a Beta of -0.2364, which implies not very significant fluctuations relative to the market. Let's try to break down what Optimism's beta means in this case. As returns on the market increase, returns on owning Optimism are expected to decrease at a much lower rate. During the bear market, Optimism is likely to outperform the market. Although it is vital to follow Optimism current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. The philosophy towards forecasting future performance of any crypto is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Optimism technical indicators, you can presently evaluate if the expected return of 0.38% will be sustainable into the future.
  
Optimism Performance
2 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Optimism are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Optimism sustained solid returns over the last few months and may actually be approaching a breakup point. ...more

Optimism Price Channel

Optimism Relative Risk vs. Return Landscape

If you would invest  110.00  in Optimism on September 3, 2022 and sell it today you would lose (5.00)  from holding Optimism or give up 4.55% of portfolio value over 90 days. Optimism is currently producing 0.3813% returns and takes up 9.724% volatility of returns over 90 trading days. Put another way, 84% of traded crypto coins are less volatile than Optimism, and 93% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon Optimism is expected to generate 6.46 times more return on investment than the market. However, the company is 6.46 times more volatile than its market benchmark. It trades about 0.04 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.09 per unit of risk.

Optimism Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Optimism's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Optimism, and traders can use it to determine the average amount a Optimism'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 = 0.0392

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Estimated Market Risk
 9.72
  actual daily
 
 84 %
of total potential
 
8484
Expected Return
 0.38
  actual daily
 
 7 %
of total potential
 
77
Risk-Adjusted Return
 0.04
  actual daily
 
 2 %
of total potential
 
22
Based on monthly moving average Optimism is performing at about 2% 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 Optimism by adding it to a well-diversified portfolio.

About Optimism Performance

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

Things to note about Optimism

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

Optimism Alerts

Equity Alerts and Improvement Suggestions

Optimism has very high historical volatility over the last 90 days
Optimism has some characteristics of a very speculative cryptocurrency
Please check Your Equity Center. You can also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Other Tools for Optimism Crypto Coin

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