AION Market Value
| AION Crypto | USD 0.0007 0.000002 0.28% |
| Symbol | AION |
AION '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 AION'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 AION.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in AION on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding AION or generate 0.0% return on investment in AION over 720 days. AION is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. AION is peer-to-peer digital currency powered by the Blockchain technology.
AION 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 AION'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 AION upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 41.84 | |||
| Information Ratio | 0.2612 | |||
| Maximum Drawdown | 367.08 | |||
| Value At Risk | (64.35) | |||
| Potential Upside | 255.32 |
AION Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AION's standard deviation. In reality, there are many statistical measures that can use AION historical prices to predict the future AION's volatility.| Risk Adjusted Performance | 0.1996 | |||
| Jensen Alpha | 22.01 | |||
| Total Risk Alpha | 9.3 | |||
| Sortino Ratio | 0.5578 | |||
| Treynor Ratio | 1.86 |
AION Backtested Returns
AION is abnormally risky given 3 months investment horizon. AION secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that digital coin had a 0.27% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 24.15% are justified by taking the suggested risk. Use AION mean deviation of 60.71, and Risk Adjusted Performance of 0.1996 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 12.63, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, AION will likely underperform.
Auto-correlation | -0.18 |
Insignificant reverse predictability
AION has insignificant reverse predictability. Overlapping area represents the amount of predictability between AION time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 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 AION price movement. The serial correlation of -0.18 indicates that over 18.0% of current AION price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AION lagged returns against current returns
Autocorrelation, which is AION 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 AION's crypto coin expected returns. We can calculate the autocorrelation of AION returns to help us make a trade decision. For example, suppose you find that AION 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 |
AION 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 AION crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AION crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AION crypto coin over time.
Current vs Lagged Prices |
| Timeline |
AION Lagged Returns
When evaluating AION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AION crypto coin have on its future price. AION 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, AION autocorrelation shows the relationship between AION crypto coin current value and its past values and can show if there is a momentum factor associated with investing in AION.
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 AION offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AION'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 Aion Crypto.Check out AION Correlation, AION Volatility and Investing Opportunities module to complement your research on AION. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
AION 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.