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Cardano (ADA-USD)

Cryptocurrency · Currency in USD · Last updated Dec 2, 2023

Cardano is a decentralized, open-source blockchain platform focused on providing a secure and scalable infrastructure for developing smart contracts and decentralized applications. It was created in 2017 by a team of developers led by Charles Hoskinson, co-founder of Ethereum. Cardano utilizes a unique proof-of-stake consensus algorithm called Ouroboros, designed to be more energy-efficient and secure than traditional proof-of-work algorithms. Cardano also has a built-in governance system that allows stakeholders to vote on protocol updates and changes to the network. As a result, Cardano is often compared to Ethereum as a potential competitor in the smart contract and decentralized application space.

Summary

Share Price Chart


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Performance

The chart shows the growth of an initial investment of $10,000 in Cardano, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%200.00%400.00%600.00%800.00%1,000.00%1,200.00%JulyAugustSeptemberOctoberNovemberDecember
1,098.64%
77.77%
ADA-USD (Cardano)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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Cardano

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Return

Cardano had a return of 55.88% year-to-date (YTD) and 22.17% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date55.88%19.67%
1 month24.96%8.42%
6 months1.56%7.29%
1 year22.17%12.71%
5 years (annualized)35.90%10.75%
10 years (annualized)N/A9.87%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2023-5.78%-23.36%7.16%-16.95%-0.52%15.38%28.24%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for Cardano (ADA-USD) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ADA-USD
Cardano
0.14
^GSPC
S&P 500
0.91

Sharpe Ratio

The current Cardano Sharpe ratio is 0.14. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
0.14
1.58
ADA-USD (Cardano)
Benchmark (^GSPC)

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-87.06%
-4.21%
ADA-USD (Cardano)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Cardano. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Cardano was 97.85%, occurring on Mar 12, 2020. Recovery took 345 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-97.85%Jan 5, 2018798Mar 12, 2020345Feb 20, 20211143
-91.85%Sep 4, 2021738Sep 11, 2023
-54.26%May 17, 202165Jul 20, 202130Aug 19, 202195
-26.59%Dec 20, 20175Dec 24, 20176Dec 30, 201711
-26.55%Apr 16, 202110Apr 25, 202111May 6, 202121

Volatility Chart

The current Cardano volatility is 14.79%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
14.79%
2.14%
ADA-USD (Cardano)
Benchmark (^GSPC)