Singularity Fund — Performance Analysis — June 2017
Each week, we publish a report (see last week report) informing about the NAV of the fund, its composition, its performance and we give a few highlights about the fund strategy and our vision of the crypto market. Each month, we will publish a report focusing on the performance analysis and explaining how the performance of the fund compares to other assets. Here is the first monthly report.
Performance from May 31 to June 30
This chart shows the evolution of the NAV of the Singularity Fund compared to the evolution of the value of several benchmarks. Benchmarks are assets used as a reference to compare performance with the performance of a fund or strategy. For the Singularity Fund, we chose 3 benchmarks:
- CRyptocurrency IndeX (CRIX): this is an index representing the crypto market as a whole . See more information about CRIX.
- Bitcoin (BTC): this is the reference of the market, representing now a little bit less than half of the capitalisation of the whole crypto market.
- Ether (ETH): the second biggest valuation, growing very fast.
On the chart above, all the assets (Singularity Fund, CRIX, BTC and ETH) are indexed in order to be able to compare their evolution (they all start at 100).
The chart can therefore be understood the following way:
If I invested $100 on May 31, what would be the value on June 30 if it was invested either in the Singularity Fund, in the whole market (CRIX), in BTC or in ETH?
- Singularity Fund: $134.61 (perf 34.61%)
- ETH (ether): $132.93 (perf 32.93%)
- CRIX (index crypto market): $115.84 (perf 15.84%)
- BTC (bitcoin): $115.69 (perf 15.69%)
This is a very positive result, because despite the fact that a significant proportion of the fund is allocated to long term projects, the short term performance of the Singularity Fund outperforms all the market benchmarks. It means our diversification efforts are effective in reaching a good risk/return ratio and that the fund performs well in turbulent markets (2 severe crashes in June).
Recommended readings
- Are you still wondering how a crypto currency can have value? This article will give you an overview of the whole crypto economy and explains the roles of blockchain and cryptography: Blockchains, Cryptocurrencies & the New Decentralized Economy: Part 1 — A Gentle Introduction
- Another very good introduction to the fundamentals of cryptoecomics: Cryptoeconomics 101
- How to stay safe with your cryptocurrencies! Because of the growing financial stakes, the crypto world is becoming more dangerous every day. Stay protected (or stay from crypto and invest in Singularity Fund) : Eight Simple Rules for Protecting Your Cryptocurrency
Singularity Fund resources
Check the NAV of the fund when you want: NAV calculator
Our website where you can subscribe to the mailing list: http://singularityfund.io
Our telegram channel: https://t.me/SingularityFund
