Alchemy Pay Market Value
| ACH Crypto | USD 0.03 0 6.40% |
| Symbol | Alchemy |
Alchemy Pay 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alchemy Pay's crypto coin what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alchemy Pay.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Alchemy Pay on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Alchemy Pay or generate 0.0% return on investment in Alchemy Pay over 180 days. Alchemy Pay is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. Alchemy Pay is peer-to-peer digital currency powered by the Blockchain technology.
Alchemy Pay Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alchemy Pay's crypto coin current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alchemy Pay upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.04 | |||
| Information Ratio | 0.1446 | |||
| Maximum Drawdown | 25.2 | |||
| Value At Risk | (6.58) | |||
| Potential Upside | 10.5 |
Alchemy Pay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alchemy Pay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alchemy Pay's standard deviation. In reality, there are many statistical measures that can use Alchemy Pay historical prices to predict the future Alchemy Pay's volatility.| Risk Adjusted Performance | 0.1386 | |||
| Jensen Alpha | 0.7714 | |||
| Total Risk Alpha | 0.0069 | |||
| Sortino Ratio | 0.1551 | |||
| Treynor Ratio | 0.8378 |
Alchemy Pay Backtested Returns
Alchemy Pay is extremely risky given 3 months investment horizon. Alchemy Pay secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that digital coin had a 0.21% return per unit of standard deviation over the last 3 months. We have analyze and collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.12% are justified by taking the suggested risk. Use Alchemy Pay risk adjusted performance of 0.1386, and Mean Deviation of 3.98 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 1.09, which signifies a somewhat significant risk relative to the market. Alchemy Pay returns are very sensitive to returns on the market. As the market goes up or down, Alchemy Pay is expected to follow.
Auto-correlation | -0.61 |
Very good reverse predictability
Alchemy Pay has very good reverse predictability. Overlapping area represents the amount of predictability between Alchemy Pay time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alchemy Pay price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Alchemy Pay price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alchemy Pay lagged returns against current returns
Autocorrelation, which is Alchemy Pay crypto coin's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alchemy Pay's crypto coin expected returns. We can calculate the autocorrelation of Alchemy Pay returns to help us make a trade decision. For example, suppose you find that Alchemy Pay has exhibited high autocorrelation historically, and you observe that the crypto coin is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alchemy Pay regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alchemy Pay crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alchemy Pay crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alchemy Pay crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Alchemy Pay Lagged Returns
When evaluating Alchemy Pay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alchemy Pay crypto coin have on its future price. Alchemy Pay autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alchemy Pay autocorrelation shows the relationship between Alchemy Pay crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Alchemy Pay.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Alchemy Pay offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alchemy Pay's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alchemy Pay Crypto.Check out Alchemy Pay Correlation, Alchemy Pay Volatility and Investing Opportunities module to complement your research on Alchemy Pay. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Alchemy Pay technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.