HIT Market Value
| HIT Crypto | USD 0.000002 0.000004 66.67% |
| Symbol | HIT |
HIT '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 HIT'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 HIT.
| 11/27/2024 |
| 02/25/2025 |
If you would invest 0.00 in HIT on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding HIT or generate 0.0% return on investment in HIT over 90 days. HIT is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, Tokocrypto, and DIA. HIT is peer-to-peer digital currency powered by the Blockchain technology.
HIT 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 HIT'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 HIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 36.63 | |||
| Information Ratio | 0.081 | |||
| Maximum Drawdown | 160.0 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
HIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HIT's standard deviation. In reality, there are many statistical measures that can use HIT historical prices to predict the future HIT's volatility.| Risk Adjusted Performance | 0.0693 | |||
| Jensen Alpha | 1.93 | |||
| Total Risk Alpha | 2.09 | |||
| Sortino Ratio | 0.0529 | |||
| Treynor Ratio | (9.20) |
HIT Backtested Returns
HIT is abnormally risky given 3 months investment horizon. HIT holds Efficiency (Sharpe) Ratio of 0.0983, which attests that digital coin had a 0.0983 % return per unit of volatility over the last 3 months. We were able to interpolate and analyze data for twenty-six different technical indicators, which can help you to evaluate if expected returns of 2.53% are justified by taking the suggested risk. Use HIT market risk adjusted performance of (9.19), and Risk Adjusted Performance of 0.0693 to evaluate coin specific risk that cannot be diversified away. The crypto retains a Market Volatility (i.e., Beta) of -0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HIT are expected to decrease at a much lower rate. During the bear market, HIT is likely to outperform the market.
Auto-correlation | 0.08 |
Virtually no predictability
HIT has virtually no predictability. Overlapping area represents the amount of predictability between HIT time series from 27th of November 2024 to 11th of January 2025 and 11th of January 2025 to 25th of February 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 HIT price movement. The serial correlation of 0.08 indicates that barely 8.0% of current HIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HIT lagged returns against current returns
Autocorrelation, which is HIT 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 HIT's crypto coin expected returns. We can calculate the autocorrelation of HIT returns to help us make a trade decision. For example, suppose you find that HIT 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 |
HIT 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 HIT crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HIT crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HIT crypto coin over time.
Current vs Lagged Prices |
| Timeline |
HIT Lagged Returns
When evaluating HIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HIT crypto coin have on its future price. HIT 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, HIT autocorrelation shows the relationship between HIT crypto coin current value and its past values and can show if there is a momentum factor associated with investing in HIT.
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 HIT offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HIT'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 Hit Crypto.Check out HIT Correlation, HIT Volatility and Investing Opportunities module to complement your research on HIT. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
HIT 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.