The post Introducing CoinStats’ Upgraded Profit & Loss Calculation appeared on BitcoinEthereumNews.com.

If you want to make better crypto decisions, you need proper portfolio tracking, and that must include accurate profit and loss analysis. Everyone will agree on this. At CoinStats, we’re committed to our mission of providing top-tier crypto portfolio management to our users. Earlier in May, we rolled out Portfolio Analytics 2.0, and now we’re bringing you our most precise Profit & Loss calculation yet. It’s designed to help you manage your crypto portfolio with greater accuracy. See how you can benefit from CoinStats’ latest updates below. Advanced Portfolio Profit & Loss (P/L) With our new update, you can now view your total portfolio P/L through various metrics: Total Cost: The total amount spent on acquiring the asset. Unrealized P/L: The profit or loss on assets you haven’t sold yet. Realized P/L: The profit or loss on assets you’ve sold. All P/L: The sum of Unrealized and Realized P/L.   These metrics offer a comprehensive view of your portfolio’s performance, helping you make informed investment decisions. Let’s break it down with an example. You bought 3 SOL for $100 each When SOL price reached $200, you sold 1 SOL Now SOL Price is $300, and you still have 2 SOL Total Cost (Of current holdings): $200 Unrealized P/L: (Current coin amount * Current coin value) – (Current coin amount * Cost of each coin) = $400 Unrealized P/L: (2 SOL * $300) – (2 SOL * $100) = $400 Realized P/L: (Sold coin amount * Sold coin price) – (Sold coin amount * Cost of each coin) = $100 Realized P/L: (1 SOL * $200) – (1 SOL * $100) = $100 All P/L: (Unrealized + Realized P/L) = $500 All P/L: ($400 + $100) = $500   Detailed Asset P/L See exactly how much profit or loss you’ve made on each asset, now more accurate than ever.…

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Filed under: News - @ June 15, 2024 6:16 am