FoxScore

Analysis for Polygon

MATIC · As of: 09/10/2024
Basic information
Type: Crypto
Region: Global
Sector: Layer 2
TER:
History
Available history:5.4 years
Last tradingday:09/10/2024
Description & usage
Polygon is a scaling ecosystem around Ethereum that, depending on the solution, uses sidechains and/or Layer 2 techniques to reduce transaction costs. MATIC is used for fees, staking, and as the network token within the Polygon ecosystem.
Overall score 31Performance 53Stability 10Trend 80255075100PerformanceStabilityTrend
Scale: 0 = weak, 50 = average, 100 = top

Analysis summary

Polygon (MATIC) currently has a total score of 31 points, placing it in the weak range. The score is made up of Performance (53), Stability (10) and Trend (8). The profile is clearly uneven: Performance stands out while Trend lags.

Performance scores 53 points (neutral). Key strength: 5Y return at 2,827.5 %. Weaker metric: 3Y return at -71.2 %.

Stability scores 10 points (very weak). Key strength: CAGR/drawdown ratio at 1.10. Main drag: current drawdown at -86.8 %. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns—but prices can still fall.

Trend scores 8 points (very weak). Trend signals are mostly negative right now. Least weak metric: 12M momentum at -20.0 %. Main drag: Price is about 44.6 % below SMA200.

Overall, the profile has a clear strength in Performance, while Trend is the main limiter. On a metric level, 5Y return stands out, while 3Y return lags.

(Historical evaluation, not investment advice.)

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FAQ

What investor type does Polygon fit best in FoxScore?
Polygon shows a mixed profile: performance is strongest, but trend lags noticeably. Use the sub-scores as a radar, then decide based on the metrics whether the risk/return profile fits you.
How meaningful is the available history for Polygon?
Polygon currently has about 5.4 years of price history since it started trading. This lets you judge how it behaved in its market phases since launch, but long-term conclusions across multiple cycles are naturally limited.
What is FoxScore good for — and what is it not for?
FoxScore is an analysis and comparison tool: it helps you sort assets quickly, compare profiles and spot strengths/weaknesses. It’s not a substitute for your own research or fundamental analysis, and it’s not a buy/sell recommendation.