- Sector
- Financial Services
- Industry
- Capital Markets
- IPO Date
- Oct 20, 2017
Highlights
- Market Cap
- $41.43M
- Enterprise Value
- $31.53M
- EPS (TTM)
- $0.32
- PE Ratio
- 3.14
- PEG Ratio
- 0.00
- Gross Profit (TTM)
- -$41.12M
- EBITDA (TTM)
- $1.29M
- Year Range
- $0.84 - $4.10
- ROA (TTM)
- 3.19%
- ROE (TTM)
- 37.61%
Share Price Chart
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Performance
MATH Performance Chart
Metalpha Technology Holding Limited (MATH) is down 51.9% since the beginning of the year. At $1 per share, MATH is trading 75.4% below its 52-week high of $4. Investors who bought $1,000 worth of MATH shares 5 years ago would now be looking at an investment worth $639.
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Returns By Period
Metalpha Technology Holding Limited (MATH) has returned -51.90% so far this year and -70.29% over the past 12 months.
Metalpha Technology Holding Limited
- 1D
- 0.00%
- 1M
- -4.72%
- YTD
- -51.90%
- 6M
- -57.20%
- 1Y
- -70.29%
- 3Y*
- -3.39%
- 5Y*
- -8.56%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MATH Monthly Returns History
Based on dividend-adjusted daily data since Oct 20, 2017, MATH's average daily return is +0.14%, while the average monthly return is +1.21%. At this rate, an investment would double in approximately 4.8 years.
Historically, 41% of months were positive and 59% were negative. The best month was Oct 2020 with a return of +168.6%, while the worst month was Dec 2020 at -44.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 9 months.
On a daily basis, MATH closed higher 44% of trading days. The best single day was Oct 20, 2017 with a return of +85.0%, while the worst single day was Nov 4, 2022 at -30.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.33% | -40.89% | -4.17% | -5.22% | -3.67% | -3.81% | -51.90% | ||||||
| 2025 | 32.17% | 1.32% | 10.39% | 16.47% | 62.63% | -0.62% | 1.56% | -9.54% | 24.83% | -17.71% | -9.93% | -22.79% | 82.61% |
| 2024 | -35.78% | 28.57% | -19.47% | 0.03% | 2.76% | -7.38% | -5.00% | -14.57% | 11.61% | 1.60% | -29.13% | 27.78% | -47.25% |
| 2023 | -12.54% | 122.24% | 3.83% | -5.62% | 3.36% | 22.42% | 12.90% | 3.57% | -6.21% | 15.07% | -4.15% | 45.33% | 323.71% |
| 2022 | -19.83% | 26.80% | -16.93% | -8.97% | -1.96% | 12.95% | -26.65% | 4.58% | 5.68% | -20.84% | -27.56% | 7.46% | -57.48% |
| 2021 | -5.56% | -18.55% | -9.44% | -14.11% | -5.71% | 36.36% | -25.00% | 3.70% | 7.86% | 1.32% | -8.50% | -13.57% | -48.29% |
Benchmark Metrics
Metalpha Technology Holding Limited has an annualized alpha of 36.81%, beta of 0.32, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 20, 2017.
- This stock tended to rise when S&P 500 Index fell (downside capture of -65.89%), but participation in market rallies was also limited (-66.44%) - a profile typical of counter-cyclical assets.
- Beta of 0.32 may look defensive, but with R2 of 0.00 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
- R2 of 0.00 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 36.81%
- Beta
- 0.32
- R²
- 0.00
- Upside Capture
- -66.44%
- Downside Capture
- -65.89%
Return for Risk
Risk / Return Rank
MATH ranks 8 for risk / return — in the bottom 8% of stocks on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Metalpha Technology Holding Limited (MATH) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MATH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -4.12 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.37 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.78 | -3.68 |
| Martin ratioReturn relative to average drawdown | -1.42 | 12.44 | -13.86 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Metalpha Technology Holding Limited. 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 Metalpha Technology Holding Limited was 96.71%, occurring on Jan 31, 2023. The portfolio has not yet recovered.
The current Metalpha Technology Holding Limited drawdown is 92.61%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -96.71%Jan 2023 | 5y 3mo | — | 8y 8moOct 2017 - now |
Drawdown Indicators
| MATH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.71% | -56.78% | -39.93% |
Max Drawdown (1Y)Largest decline over 1 year | -78.30% | -9.10% | -69.20% |
Max Drawdown (3Y)Largest decline over 3 years | -78.88% | -18.90% | -59.98% |
Max Drawdown (5Y)Largest decline over 5 years | -78.88% | -25.43% | -53.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -92.61% | -1.80% | -90.81% |
Average DrawdownAverage peak-to-trough decline | -87.04% | -10.71% | -76.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.38% | 2.03% | +47.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Metalpha Technology Holding Limited over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Metalpha Technology Holding Limited is priced in the market compared to other companies in the Capital Markets industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for MATH, comparing it with other companies in the Capital Markets industry. Currently, MATH has a P/E ratio of 3.1. This P/E ratio is considered low compared to industry peers, which may suggest that the stock is undervalued or that the company has weaker growth prospects.
PEG Ratio
The chart shows the Price/Earnings to Growth (PEG) ratio for MATH compared to other companies in the Capital Markets industry. MATH currently has a PEG ratio of 0.0. This PEG ratio is low compared to industry peers, which could indicate the stock is undervalued relative to its expected growth.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for MATH in comparison with other companies in the Capital Markets industry. Currently, MATH has a P/B value of 1.2. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.
Income Statement
| TTM | |
|---|---|
Revenue | — |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | — |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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