Golem Network Market Value
| GLM Crypto | USD 0.50 0.03 6.38% |
| Symbol | Golem |
Golem Network '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 Golem Network'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 Golem Network.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Golem Network on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Golem Network Token or generate 0.0% return on investment in Golem Network over 30 days. Golem Network is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. Golem Network Token is peer-to-peer digital currency powered by the Blockchain technology.
Golem Network 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 Golem Network'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 Golem Network Token upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.12 | |||
| Information Ratio | 0.1456 | |||
| Maximum Drawdown | 33.03 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 10.71 |
Golem Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golem Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golem Network's standard deviation. In reality, there are many statistical measures that can use Golem Network historical prices to predict the future Golem Network's volatility.| Risk Adjusted Performance | 0.1373 | |||
| Jensen Alpha | 0.8708 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1729 | |||
| Treynor Ratio | 0.9109 |
Golem Network Token Backtested Returns
Golem Network is unusually risky given 3 months investment horizon. Golem Network Token holds Efficiency (Sharpe) Ratio of 0.18, which attests that digital coin had a 0.18% return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.12% are justified by taking the suggested risk. Use Golem Network Token Market Risk Adjusted Performance of 0.9209, risk adjusted performance of 0.1373, and Downside Deviation of 5.12 to evaluate coin specific risk that cannot be diversified away. The crypto retains a Market Volatility (i.e., Beta) of 1.11, which attests to a somewhat significant risk relative to the market. Golem Network returns are very sensitive to returns on the market. As the market goes up or down, Golem Network is expected to follow.
Auto-correlation | 0.80 |
Very good predictability
Golem Network Token has very good predictability. Overlapping area represents the amount of predictability between Golem Network time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Golem Network Token price movement. The serial correlation of 0.8 indicates that around 80.0% of current Golem Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Golem Network Token lagged returns against current returns
Autocorrelation, which is Golem Network 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 Golem Network's crypto coin expected returns. We can calculate the autocorrelation of Golem Network returns to help us make a trade decision. For example, suppose you find that Golem Network 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 |
Golem Network 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 Golem Network crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golem Network crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golem Network crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Golem Network Lagged Returns
When evaluating Golem Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golem Network crypto coin have on its future price. Golem Network 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, Golem Network autocorrelation shows the relationship between Golem Network crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Golem Network Token.
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 Golem Network Token offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Golem Network'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 Golem Network Token Crypto.Check out Golem Network Correlation, Golem Network Volatility and Investing Opportunities module to complement your research on Golem Network. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Golem Network 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.