AEON Market Value
| AEON Crypto | USD 0.24 0.01 4.35% |
| Symbol | AEON |
AEON '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 AEON'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 AEON.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in AEON on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding AEON or generate 0.0% return on investment in AEON over 30 days. AEON is related to or competes with Bitcoin, Dogecoin, Bitcoin Cash, Litecoin, Ethereum Classic, Arweave, and Bitcoin SV. AEON is peer-to-peer digital currency powered by the Blockchain technology.
AEON 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 AEON'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 AEON upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.06 | |||
| Information Ratio | 0.1648 | |||
| Maximum Drawdown | 20.14 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 7.14 |
AEON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AEON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AEON's standard deviation. In reality, there are many statistical measures that can use AEON historical prices to predict the future AEON's volatility.| Risk Adjusted Performance | 0.1606 | |||
| Jensen Alpha | 0.7759 | |||
| Total Risk Alpha | 0.119 | |||
| Sortino Ratio | 0.1076 | |||
| Treynor Ratio | 29.41 |
AEON Backtested Returns
AEON appears to be very volatile, given 3 months investment horizon. AEON secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that digital coin had a 0.23% return per unit of risk over the last 3 months. By examining AEON's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please makes use of AEON's mean deviation of 2.59, and Risk Adjusted Performance of 0.1606 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.0265, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AEON's returns are expected to increase less than the market. However, during the bear market, the loss of holding AEON is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
AEON has poor predictability. Overlapping area represents the amount of predictability between AEON time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 AEON price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current AEON price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AEON lagged returns against current returns
Autocorrelation, which is AEON 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 AEON's crypto coin expected returns. We can calculate the autocorrelation of AEON returns to help us make a trade decision. For example, suppose you find that AEON 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 |
AEON 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 AEON crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AEON crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AEON crypto coin over time.
Current vs Lagged Prices |
| Timeline |
AEON Lagged Returns
When evaluating AEON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AEON crypto coin have on its future price. AEON 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, AEON autocorrelation shows the relationship between AEON crypto coin current value and its past values and can show if there is a momentum factor associated with investing in AEON.
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 AEON offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AEON'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 Aeon Crypto.Check out AEON Correlation, AEON Volatility and Investing Opportunities module to complement your research on AEON. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
AEON 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.