Welcome to this week’s analysis on which altcoins are performing well and which ones are not. You can view the list here:
Product Update
We introduced three new columns to the data:
- Annualized Returns in USD (Last 365 Days)
- Sharpe Ratio (Last 365 Days)
- Sharpe Ratio Rank
One question I see commonly asked in the crypto community is “Is this coin worth the risk?” and now we have a data driven approach to answer this. The first column “Annualized Returns in USD (Last 365 Days)” measures the annualized returns in USD. If a coin has less than 365 days of price history, we extrapolate the data to produce an annualized view with normalized returns.
The second column “Sharpe Ratio (Last 365 Days)” is used to evaluate the risk-adjusted return of an investment, helping to understand how much return you’re getting for the risk taken. The higher the ratio, the better the risk-adjusted return. A high ratio (usually above 1) suggests the investment has performed well compared to its risk, meaning it’s more efficient at generating returns for the amount of volatility it experiences. A ratio below 1 (and particularly below 0) can indicate the investment has underperformed or produced returns not worth the risk. We will typically focus on coins with a ratio above 1.
Finally, the “Sharpe Ratio Rank” applies a rank to the “Sharpe Ratio (Last 365 Days)” field. The higher the Sharpe Ratio, the higher the rank (i.e., closer to 1).
Large Caps
For large caps, here’s the ones that stand out on a long term timeframe:
- Shiba Inu
- Avalanche
Shiba Inu is outperforming BTC in the last 365 days by 10% and is down 51% from its high. Its Sharpe Ratio is 0.9 which means it has fairly decent risk-adjusted returns. Avalanche is down 53% from its high and is outperforming BTC in the last 365 days by 34%. Its Sharpe Ratio is 1.21 which means it has excellent risk-adjusted returns.
Here’s the ones that stand out on a short term timeframe:
- Shiba Inu
- Avalanche
Similar to the long term outperformance, Shiba Inu and Avalanche are also doing well in the short term. Shiba Inu is outperforming BTC in the last 30 days by 21% and Avalanche is outperforming BTC in the last 30 days by 10%
Model Portfolio Update
The service I use to track the portfolio seems to be undergoing maintenance so I’m unable to share an update until the service is available again. Sorry for the inconvenience. We did add another coin to the model portfolio.
To access the complete portfolio, become a pro today: https://altcoinscreener.com/#get-started
Not financial advice. Please consult a financial advisor before making any investment decisions.
October 15 Update
The portfolio service appears to be up and running again. The prices seem to be slightly out of sync and referencing earlier prices but still close enough:
