ELEC Market Value
| ELEC Crypto | USD 0.000097 0.000038 28.15% |
| Symbol | ELEC |
ELEC '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 ELEC'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 ELEC.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in ELEC on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding ELEC or generate 0.0% return on investment in ELEC over 90 days. ELEC is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, and DIA. ELEC is peer-to-peer digital currency powered by the Blockchain technology.
ELEC 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 ELEC'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 ELEC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 65.18 | |||
| Value At Risk | (14.04) | |||
| Potential Upside | 20.13 |
ELEC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ELEC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ELEC's standard deviation. In reality, there are many statistical measures that can use ELEC historical prices to predict the future ELEC's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | 0.9437 | |||
| Treynor Ratio | 0.2953 |
ELEC Backtested Returns
ELEC secures Sharpe Ratio (or Efficiency) of -0.0301, which denotes digital coin had a -0.0301 % return per unit of return volatility over the last 3 months. ELEC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ELEC's mean deviation of 7.33, and Standard Deviation of 11.11 to check the risk estimate we provide. The crypto shows a Beta (market volatility) of -1.52, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ELEC are expected to decrease by larger amounts. On the other hand, during market turmoil, ELEC is expected to outperform it.
Auto-correlation | -0.33 |
Poor reverse predictability
ELEC has poor reverse predictability. Overlapping area represents the amount of predictability between ELEC time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 ELEC price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current ELEC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ELEC lagged returns against current returns
Autocorrelation, which is ELEC 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 ELEC's crypto coin expected returns. We can calculate the autocorrelation of ELEC returns to help us make a trade decision. For example, suppose you find that ELEC 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 |
ELEC 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 ELEC crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ELEC crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ELEC crypto coin over time.
Current vs Lagged Prices |
| Timeline |
ELEC Lagged Returns
When evaluating ELEC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ELEC crypto coin have on its future price. ELEC 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, ELEC autocorrelation shows the relationship between ELEC crypto coin current value and its past values and can show if there is a momentum factor associated with investing in ELEC.
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 ELEC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ELEC'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 Elec Crypto.Check out ELEC Correlation, ELEC Volatility and Investing Opportunities module to complement your research on ELEC. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
ELEC 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.