DENT Market Value
| DENT Crypto | USD 0 0.000019 1.34% |
| Symbol | DENT |
DENT '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 DENT'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 DENT.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in DENT on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding DENT or generate 0.0% return on investment in DENT over 60 days. DENT is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. DENT is peer-to-peer digital currency powered by the Blockchain technology.
DENT 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 DENT'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 DENT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.46 | |||
| Information Ratio | 0.1526 | |||
| Maximum Drawdown | 24.2 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 8.94 |
DENT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DENT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DENT's standard deviation. In reality, there are many statistical measures that can use DENT historical prices to predict the future DENT's volatility.| Risk Adjusted Performance | 0.1464 | |||
| Jensen Alpha | 0.7223 | |||
| Total Risk Alpha | 0.0974 | |||
| Sortino Ratio | 0.1597 | |||
| Treynor Ratio | 0.9116 |
DENT Backtested Returns
DENT is very risky given 3 months investment horizon. DENT secures Sharpe Ratio (or Efficiency) of 0.22, which denotes digital coin had a 0.22% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use DENT Downside Deviation of 4.46, mean deviation of 3.71, and Semi Deviation of 4.06 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 0.91, which means possible diversification benefits within a given portfolio. DENT returns are very sensitive to returns on the market. As the market goes up or down, DENT is expected to follow.
Auto-correlation | 0.43 |
Average predictability
DENT has average predictability. Overlapping area represents the amount of predictability between DENT time series from 29th of September 2024 to 29th of October 2024 and 29th of October 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 DENT price movement. The serial correlation of 0.43 indicates that just about 43.0% of current DENT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DENT lagged returns against current returns
Autocorrelation, which is DENT 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 DENT's crypto coin expected returns. We can calculate the autocorrelation of DENT returns to help us make a trade decision. For example, suppose you find that DENT 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 |
DENT 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 DENT crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DENT crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DENT crypto coin over time.
Current vs Lagged Prices |
| Timeline |
DENT Lagged Returns
When evaluating DENT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DENT crypto coin have on its future price. DENT 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, DENT autocorrelation shows the relationship between DENT crypto coin current value and its past values and can show if there is a momentum factor associated with investing in DENT.
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 DENT offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DENT'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 Dent Crypto.Check out DENT Correlation, DENT Volatility and Investing Opportunities module to complement your research on DENT. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
DENT 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.