Dogecoin Market Value
| DOGE Crypto | USD 0.17 0.01 5.56% |
| Symbol | Dogecoin |
Dogecoin '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 Dogecoin'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 Dogecoin.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Dogecoin on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Dogecoin or generate 0.0% return on investment in Dogecoin over 90 days. Dogecoin is related to or competes with Staked Ether, Wrapped Bitcoin, Monero, Tether, Chainlink, USD Coin, and FTX Token. Dogecoin is peer-to-peer digital currency powered by the Blockchain technology.
Dogecoin 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 Dogecoin'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 Dogecoin upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 34.88 | |||
| Value At Risk | (13.89) | |||
| Potential Upside | 6.25 |
Dogecoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dogecoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dogecoin's standard deviation. In reality, there are many statistical measures that can use Dogecoin historical prices to predict the future Dogecoin's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (1.19) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 3.29 |
Dogecoin Backtested Returns
Dogecoin secures Sharpe Ratio (or Efficiency) of -0.18, which denotes digital coin had a -0.18 % return per unit of risk over the last 3 months. Dogecoin exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dogecoin's Standard Deviation of 5.98, mean deviation of 4.31, and Variance of 35.77 to check the risk estimate we provide. The crypto shows a Beta (market volatility) of -0.35, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dogecoin are expected to decrease at a much lower rate. During the bear market, Dogecoin is likely to outperform the market.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Dogecoin has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dogecoin time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dogecoin price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Dogecoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dogecoin lagged returns against current returns
Autocorrelation, which is Dogecoin 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 Dogecoin's crypto coin expected returns. We can calculate the autocorrelation of Dogecoin returns to help us make a trade decision. For example, suppose you find that Dogecoin 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 |
Dogecoin 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 Dogecoin crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dogecoin crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dogecoin crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Dogecoin Lagged Returns
When evaluating Dogecoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dogecoin crypto coin have on its future price. Dogecoin 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, Dogecoin autocorrelation shows the relationship between Dogecoin crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Dogecoin.
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 Dogecoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dogecoin'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 Dogecoin Crypto.Check out Dogecoin Correlation, Dogecoin Volatility and Investing Opportunities module to complement your research on Dogecoin. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Dogecoin 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.