How do I understand the performance of my allocation in a Coin Set?

Any amount that you invest in a Coin Set is termed as an allocation, which essentially means the funds you allocated for investment in that particular Coin Set. When you invest multiple times in a Coin Set, you place multiple buy orders but they can all be referred to as a single collective allocation later on, of the total amount that you have invested.

There are two important tools on the Coin Set page that you can use to understand your allocation’s performance. They are:

  • Summary: As you land on the Coin Set page, on the top right you will see a summary section, which is basically a snapshot of your Allocation’s performance and gives you an overview of how your allocation has been doing. Here are some pointers you can gather from this section:
    • Allocated: This is the cumulative amount that has been allocated by you as investment in a Coin Set. For example, if I had allocated $100 and $50 on two separate occasions for investment in a Coin Set, this field should show me $150.
    • Current Amount: This is the amount that your investment is currently worth after factoring the changes the Coin Set has gone through since you made your allocation.
    • Returns: This is simply the difference between the current amount and the allocated amount, that is how much have you gained/lost on the amount that you had originally allocated. So, if I had invested $150 and the Coin Set saw a rise in the market such that my allocation is now worth $160, then returns would be $160 - $150 = $10.
    • Returns (%): Returns (%) is a simpler way of denoting returns calculated in the previous step, and can be defined  as the units gained/lost per 100 units that you allocated to the Coin Set. So, if I gained $10 on an investment of $150, then my returns (%) is (10/150)*100 = +6.67%, implying $6.67 gained per $100 invested.
    • Live Since: The time (in days) since you started investing in the Coin Set, basically since the first allocation to that Coin Set was made. (Note: If you remove all allocations from a Coin Set and then start afresh, so would this metric.)
  • PnL Graph: While the summary gives a brief overview of your allocation’s performance, to get into more depth and observe historic performance data as well, cumulative PnL graphs can be used. Towards the bottom of the Coin Set page, you will see two PnL charts - “Your Performance” & “Coin Set Performance”. Let’s understand them in detail.
    • Your Performance: This chart shows what your investment has been worth as time has passed by. It starts from the time you allocate funds to the Coin Set and updates the current worth of your allocation in the Coin Set. For example, if you had invested $1000 in a Coin Set and it suffered a 10% loss, then this graph will show $900 as your allocations worth on that particular time. (Note: If you make subsequent investments in the same Coin Set, be careful while reading the chart as it will show a sudden jump from your previous total amount to your current total amount)
    • Coin Set Performance: This chart shows the percentage change the Coin Set has gone through over time, from the inception of that time period. So, if I am reading the chart on a 6-month time frame, the starting date of the 6-month time frame would be the reference and all subsequent entries in the chart would denote the percentage change the Coin Set has seen with respect to the price it was at, at the beginning of the time frame.

Using the above data and parameters, you can monitor your allocation’s performance and accordingly make decisions of whether to remove your allocation, hold your current position or to allocate more funds in the Coin Set.

 

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