Astar Market Value
| ASTR Crypto | USD 0.08 0.0003 0.37% |
| Symbol | Astar |
Astar '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 Astar'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 Astar.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Astar on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Astar or generate 0.0% return on investment in Astar over 30 days. Astar is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. Astar is peer-to-peer digital currency powered by the Blockchain technology.
Astar 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 Astar'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 Astar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.25 | |||
| Information Ratio | 0.0493 | |||
| Maximum Drawdown | 21.38 | |||
| Value At Risk | (7.65) | |||
| Potential Upside | 7.63 |
Astar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astar's standard deviation. In reality, there are many statistical measures that can use Astar historical prices to predict the future Astar's volatility.| Risk Adjusted Performance | 0.0697 | |||
| Jensen Alpha | 0.1975 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0486 | |||
| Treynor Ratio | 0.304 |
Astar Backtested Returns
Astar appears to be very risky, given 3 months investment horizon. Astar secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that digital coin had a 0.12% return per unit of risk over the last 3 months. By analyzing Astar's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please makes use of Astar's Risk Adjusted Performance of 0.0697, mean deviation of 3.14, and Downside Deviation of 4.25 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 1.08, which signifies a somewhat significant risk relative to the market. Astar returns are very sensitive to returns on the market. As the market goes up or down, Astar is expected to follow.
Auto-correlation | 0.74 |
Good predictability
Astar has good predictability. Overlapping area represents the amount of predictability between Astar time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Astar price movement. The serial correlation of 0.74 indicates that around 74.0% of current Astar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Astar lagged returns against current returns
Autocorrelation, which is Astar 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 Astar's crypto coin expected returns. We can calculate the autocorrelation of Astar returns to help us make a trade decision. For example, suppose you find that Astar 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 |
Astar 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 Astar crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astar crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astar crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Astar Lagged Returns
When evaluating Astar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astar crypto coin have on its future price. Astar 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, Astar autocorrelation shows the relationship between Astar crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Astar.
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 Astar offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Astar'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 Astar Crypto.Check out Astar Correlation, Astar Volatility and Investing Opportunities module to complement your research on Astar. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Astar 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.