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EDG DAO Financial Bulletin: First Fortnight of October

Provides the community a fair idea about the performance of EDG as compared to the market as well as the peers of EDG.

Advait Rane, Vismay Joshi

• 4 min read
EDG DAO Financial Bulletin: First Fortnight of October

(** the figures mentioned in this report are our personal opinions, so please don’t consider this as investment advice)

Part 1: EDG Performance

  • During the last fortnight, the price of EDG was slightly bearish, with the prices trading in the range of 0.0011 - 0.0009.
  • In this fortnight, the highest price at which EDG traded was approximately 0.001176 USD around 1/10/22, i.e the very start of the fortnight.
  • The highest 24-hr volumes were around $77k, which occurred on a couple of instances over the fortnight. This fortnight, the volumes were relatively lower compared to previous periods.
  • Currently the global markets are going through a period of uncertainty due to various global events, which obviously has also reflected on the crypto industry. Thus, we are seeing new low’s being created by several tokens.
  • Based on the financial models, we see that the returns are expected to be around 6-7** over the next period.

Part 2: Comparative Analysis

  • Period = 2 weeks (1/10/2022 to 15/10/2022)
  • Beta = Volatility Factor
  • Rf = Risk-free return (Approximately 4%) (Government Bonds)
  • Rm = Return from Equity market (Approximately 10%)
  • Beta = 1.16 (Beta is more than 1 which shows EDG was more volatile than BTC)
  • The approximate Return over this period from EDG was about -20.40%
  • The approximate Return over this period from BTC was about -1.43%
  • **Considering the above data, the expected returns from EDG can be expected to be about 10.99% Approximately over the next periods.
  • Beta = 0.37 (Beta is less than 1 which shows EDG was less volatile as compared to DOT over the considered Period)
  • The approximate Return over this period from EDG was about -20.40%
  • The approximate Return over this period from DOT was about -4.28%
  • **Considering the above data, the expected returns from EDG can be expected to be about 6.26% Approximately over the next periods.
  • Beta = 0.78 (Beta is less than 1 which shows EDG was less volatile as compared to KSM over the considered Period)
  • The approximate Return over this period from EDG was about -20.40%
  • The approximate Return over this period from KSM was about -5.44%
  • **Considering the above data, the expected returns from EDG can be expected to be about 8.72% Approximately over the next periods.
  • Beta = 0.37 (Beta is less than 1 which shows EDG was less volatile as compared to ETH over the considered Period
  • The approximate Return over this period from EDG was about -20.40%
  • The approximate Return over this period from ETH was about -2.37%
  • **Considering the above data, the expected returns. from EDG can be expected to be about 6.26% Approximately over the next periods.
  • Beta = -0.046 (Beta is less than 1 which shows EDG was less volatile as compared to AVAX over the considered Period)
  • The approximate Return over this period from EDG was about -20.40%
  • The approximate Return over this period from AVAX was about -40.14%
  • **Considering the above data, the expected returns from EDG can be expected to be about 3.75% Approximately over the next periods.
  • Beta = -0.013 (Beta is less than 1 which shows EDG was less volatile as compared to ALGO over the considered Period)
  • The approximate Return over this period from EDG was about -20.40%
  • The approximate Return over this period from ALGO was about -18.47%
  • **Considering the above data, the expected returns from EDG can be expected to be about 3.92% Approximately over the next periods.

Conclusion:

Over the period considered for analysis, the EDG token was more volatile than BTC and  less volatile as compared to AVAX, DOT, ETH, ALGO, and KSM. Based on the financial models, **the returns over the next period can be expected to be positive and around 6-7% **

Part 3: Treasury Spendings

Treasury Proposals

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