Coin98 Market Value
| C98 Crypto | USD 0.18 0.01 5.88% |
| Symbol | Coin98 |
Coin98 '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 Coin98'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 Coin98.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Coin98 on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Coin98 or generate 0.0% return on investment in Coin98 over 30 days. Coin98 is related to or competes with Staked Ether, Sui, Toncoin, Worldcoin, Chainlink, Aptos, and Wrapped Bitcoin. Coin98 is peer-to-peer digital currency powered by the Blockchain technology.
Coin98 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 Coin98'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 Coin98 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.6 | |||
| Information Ratio | 0.1138 | |||
| Maximum Drawdown | 25.38 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Coin98 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coin98's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coin98's standard deviation. In reality, there are many statistical measures that can use Coin98 historical prices to predict the future Coin98's volatility.| Risk Adjusted Performance | 0.1112 | |||
| Jensen Alpha | 0.8133 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0769 | |||
| Treynor Ratio | 2.27 |
Coin98 Backtested Returns
Coin98 appears to be unusually volatile, given 3 months investment horizon. Coin98 secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that digital coin had a 0.15% return per unit of risk over the last 3 months. By analyzing Coin98's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please makes use of Coin98's Downside Deviation of 9.6, risk adjusted performance of 0.1112, and Mean Deviation of 4.71 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Coin98's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coin98 is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
Coin98 has good predictability. Overlapping area represents the amount of predictability between Coin98 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 Coin98 price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Coin98 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Coin98 lagged returns against current returns
Autocorrelation, which is Coin98 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 Coin98's crypto coin expected returns. We can calculate the autocorrelation of Coin98 returns to help us make a trade decision. For example, suppose you find that Coin98 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 |
Coin98 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 Coin98 crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coin98 crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coin98 crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Coin98 Lagged Returns
When evaluating Coin98's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coin98 crypto coin have on its future price. Coin98 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, Coin98 autocorrelation shows the relationship between Coin98 crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Coin98.
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 Coin98 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coin98'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 Coin98 Crypto.Check out Coin98 Correlation, Coin98 Volatility and Investing Opportunities module to complement your research on Coin98. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Coin98 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.