CRDTS Market Value
| CRDTS Crypto | USD 0 0.000037 3.12% |
| Symbol | CRDTS |
CRDTS '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 CRDTS'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 CRDTS.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in CRDTS on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding CRDTS or generate 0.0% return on investment in CRDTS over 180 days. CRDTS is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. CRDTS is peer-to-peer digital currency powered by the Blockchain technology.
CRDTS 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 CRDTS'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 CRDTS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.96 | |||
| Information Ratio | 0.051 | |||
| Maximum Drawdown | 40.89 | |||
| Value At Risk | (13.92) | |||
| Potential Upside | 16.17 |
CRDTS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CRDTS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CRDTS's standard deviation. In reality, there are many statistical measures that can use CRDTS historical prices to predict the future CRDTS's volatility.| Risk Adjusted Performance | 0.0595 | |||
| Jensen Alpha | 0.3954 | |||
| Total Risk Alpha | (0.94) | |||
| Sortino Ratio | 0.0523 | |||
| Treynor Ratio | 0.3782 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CRDTS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CRDTS Backtested Returns
CRDTS appears to be abnormally risky, given 3 months investment horizon. CRDTS secures Sharpe Ratio (or Efficiency) of 0.0535, which signifies that digital coin had a 0.0535% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CRDTS, which you can use to evaluate the volatility of coin. Please makes use of CRDTS's Mean Deviation of 7.25, risk adjusted performance of 0.0595, and Downside Deviation of 8.96 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 1.58, 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, CRDTS will likely underperform.
Auto-correlation | -0.19 |
Insignificant reverse predictability
CRDTS has insignificant reverse predictability. Overlapping area represents the amount of predictability between CRDTS time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 CRDTS price movement. The serial correlation of -0.19 indicates that over 19.0% of current CRDTS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CRDTS lagged returns against current returns
Autocorrelation, which is CRDTS 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 CRDTS's crypto coin expected returns. We can calculate the autocorrelation of CRDTS returns to help us make a trade decision. For example, suppose you find that CRDTS 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 |
CRDTS 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 CRDTS crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CRDTS crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CRDTS crypto coin over time.
Current vs Lagged Prices |
| Timeline |
CRDTS Lagged Returns
When evaluating CRDTS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CRDTS crypto coin have on its future price. CRDTS 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, CRDTS autocorrelation shows the relationship between CRDTS crypto coin current value and its past values and can show if there is a momentum factor associated with investing in CRDTS.
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 CRDTS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CRDTS'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 Crdts Crypto.Check out CRDTS Correlation, CRDTS Volatility and Investing Opportunities module to complement your research on CRDTS. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
CRDTS 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.