what is the sharpe ratio of toncoin?

Pro Agent Created at: 16 August, 2024 09:03 PM

To calculate the Sharpe Ratio for Toncoin, we need the following components:

Average Return: The average return of Toncoin over a specified period.
Risk-Free Rate: The return of a risk-free asset (commonly the yield on government bonds).
Standard Deviation of Returns: The volatility of Toncoin's returns over the same period.

Data Summary for Toncoin

Current Price: $6.51
Market Cap: $16.41 billion
Circulating Supply: 2.52 billion TON
Total Supply: 5.11 billion TON
Price Change (30 days): -9.03%
Market Cap Change (30 days): -8.77%
Volume Change (30 days): +119.14%

Steps to Calculate the Sharpe Ratio

Calculate Average Return: We can use the price changes over the last 30 days to estimate the average return.
Determine Risk-Free Rate: For simplicity, we can assume a risk-free rate of around 2% (this can vary based on current economic conditions).
Calculate Standard Deviation of Returns: This will require the daily price changes over the last 30 days.

Calculation

Average Return:
- The average return can be approximated from the price change percentage over the last 30 days.
- Average Return = -9.03% / 30 = -0.301% per day.
Standard Deviation:
- Since we don't have daily price data, we cannot calculate the standard deviation directly. However, we can assume a volatility based on the price change percentage.
Sharpe Ratio Formula: [ \text{Sharpe Ratio} = \frac{\text{Average Return} - \text{Risk-Free Rate}}{\text{Standard Deviation}} ]

Given the lack of specific daily price data, we cannot compute the exact Sharpe Ratio at this moment. If you have access to daily price data for Toncoin, I can assist you in calculating the standard deviation and subsequently the Sharpe Ratio.

Conclusion

Sharpe Ratio Calculation: Cannot be completed without daily price data for Toncoin.
Recommendation: If you can provide daily price data or access to a source that does, I can help you calculate the Sharpe Ratio accurately.