Adventure Gold Market Value
| AGLD Crypto | USD 2.74 0.12 4.20% |
| Symbol | Adventure |
Adventure Gold '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 Adventure Gold'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 Adventure Gold.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Adventure Gold on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Adventure Gold or generate 0.0% return on investment in Adventure Gold over 60 days. Adventure Gold is related to or competes with Staked Ether, Phala Network, EigenLayer, and Tokocrypto. Adventure Gold is peer-to-peer digital currency powered by the Blockchain technology.
Adventure Gold 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 Adventure Gold'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 Adventure Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.61 | |||
| Information Ratio | 0.176 | |||
| Maximum Drawdown | 83.87 | |||
| Value At Risk | (10.92) | |||
| Potential Upside | 30.65 |
Adventure Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adventure Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adventure Gold's standard deviation. In reality, there are many statistical measures that can use Adventure Gold historical prices to predict the future Adventure Gold's volatility.| Risk Adjusted Performance | 0.1535 | |||
| Jensen Alpha | 2.46 | |||
| Total Risk Alpha | 2.23 | |||
| Sortino Ratio | 0.253 | |||
| Treynor Ratio | (1.84) |
Adventure Gold Backtested Returns
Adventure Gold is abnormally risky given 3 months investment horizon. Adventure Gold secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that digital coin had a 0.18% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.45% are justified by taking the suggested risk. Use Adventure Gold Mean Deviation of 8.2, downside deviation of 9.61, and Risk Adjusted Performance of 0.1535 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of -1.33, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Adventure Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Adventure Gold is expected to outperform it.
Auto-correlation | 0.08 |
Virtually no predictability
Adventure Gold has virtually no predictability. Overlapping area represents the amount of predictability between Adventure Gold time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Adventure Gold price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Adventure Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Adventure Gold lagged returns against current returns
Autocorrelation, which is Adventure Gold 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 Adventure Gold's crypto coin expected returns. We can calculate the autocorrelation of Adventure Gold returns to help us make a trade decision. For example, suppose you find that Adventure Gold 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 |
Adventure Gold 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 Adventure Gold crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adventure Gold crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adventure Gold crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Adventure Gold Lagged Returns
When evaluating Adventure Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adventure Gold crypto coin have on its future price. Adventure Gold 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, Adventure Gold autocorrelation shows the relationship between Adventure Gold crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Adventure Gold.
Regressed Prices |
| Timeline |
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Check out Adventure Gold Correlation, Adventure Gold Volatility and Investing Opportunities module to complement your research on Adventure Gold. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Adventure Gold 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.