Dymension Market Value
| DYM Crypto | USD 2.39 0.03 1.24% |
| Symbol | Dymension |
Dymension '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 Dymension'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 Dymension.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Dymension on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Dymension or generate 0.0% return on investment in Dymension over 720 days. Dymension is related to or competes with XRP, Solana, Staked Ether, Toncoin, Worldcoin, Sui, and Stellar. Dymension is peer-to-peer digital currency powered by the Blockchain technology.
Dymension 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 Dymension'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 Dymension upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.01 | |||
| Information Ratio | 0.1473 | |||
| Maximum Drawdown | 37.68 | |||
| Value At Risk | (8.40) | |||
| Potential Upside | 14.29 |
Dymension Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dymension's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dymension's standard deviation. In reality, there are many statistical measures that can use Dymension historical prices to predict the future Dymension's volatility.| Risk Adjusted Performance | 0.1365 | |||
| Jensen Alpha | 1.08 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1719 | |||
| Treynor Ratio | 1.72 |
Dymension Backtested Returns
Dymension is unusually volatile given 3 months investment horizon. Dymension 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. We have collected data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.24% are justified by taking the suggested risk. Use Dymension Coefficient Of Variation of 599.04, mean deviation of 5.31, and Downside Deviation of 6.01 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 0.67, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dymension's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dymension is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Dymension has no correlation between past and present. Overlapping area represents the amount of predictability between Dymension time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Dymension price movement. The serial correlation of 0.0 indicates that just 0.0% of current Dymension price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 4.32 |
Dymension lagged returns against current returns
Autocorrelation, which is Dymension 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 Dymension's crypto coin expected returns. We can calculate the autocorrelation of Dymension returns to help us make a trade decision. For example, suppose you find that Dymension 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 |
Dymension 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 Dymension crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dymension crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dymension crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Dymension Lagged Returns
When evaluating Dymension's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dymension crypto coin have on its future price. Dymension 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, Dymension autocorrelation shows the relationship between Dymension crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Dymension.
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 Dymension offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dymension'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 Dymension Crypto.Check out Dymension Correlation, Dymension Volatility and Investing Opportunities module to complement your research on Dymension. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Dymension 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.