Constellation Market Value
| DAG Crypto | USD 0.09 0.02 21.46% |
| Symbol | Constellation |
Constellation '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 Constellation'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 Constellation.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Constellation on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Constellation or generate 0.0% return on investment in Constellation over 720 days. Constellation is related to or competes with XRP, Solana, Staked Ether, Toncoin, Worldcoin, Sui, and Stellar. Constellation is peer-to-peer digital currency powered by the Blockchain technology.
Constellation 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 Constellation'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 Constellation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.29 | |||
| Information Ratio | 0.2247 | |||
| Maximum Drawdown | 73.6 | |||
| Value At Risk | (10.10) | |||
| Potential Upside | 23.39 |
Constellation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Constellation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Constellation's standard deviation. In reality, there are many statistical measures that can use Constellation historical prices to predict the future Constellation's volatility.| Risk Adjusted Performance | 0.1889 | |||
| Jensen Alpha | 2.67 | |||
| Total Risk Alpha | 1.02 | |||
| Sortino Ratio | 0.4322 | |||
| Treynor Ratio | 2.03 |
Constellation Backtested Returns
Constellation is abnormally risky given 3 months investment horizon. Constellation secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that digital coin had a 0.24% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.96% are justified by taking the suggested risk. Use Constellation Downside Deviation of 6.29, risk adjusted performance of 0.1889, and Mean Deviation of 8.03 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 1.4, 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, Constellation will likely underperform.
Auto-correlation | -0.63 |
Very good reverse predictability
Constellation has very good reverse predictability. Overlapping area represents the amount of predictability between Constellation time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Constellation price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Constellation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Constellation lagged returns against current returns
Autocorrelation, which is Constellation 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 Constellation's crypto coin expected returns. We can calculate the autocorrelation of Constellation returns to help us make a trade decision. For example, suppose you find that Constellation 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 |
Constellation 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 Constellation crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Constellation crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Constellation crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Constellation Lagged Returns
When evaluating Constellation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Constellation crypto coin have on its future price. Constellation 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, Constellation autocorrelation shows the relationship between Constellation crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Constellation.
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 Constellation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Constellation'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 Constellation Crypto.Check out Constellation Correlation, Constellation Volatility and Investing Opportunities module to complement your research on Constellation. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Constellation 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.