Hivemapper Market Value
| HONEY Crypto | USD 0.06 0.0002 0.31% |
| Symbol | Hivemapper |
Hivemapper '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 Hivemapper'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 Hivemapper.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Hivemapper on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Hivemapper or generate 0.0% return on investment in Hivemapper over 60 days. Hivemapper is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. Hivemapper is peer-to-peer digital currency powered by the Blockchain technology.
Hivemapper 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 Hivemapper'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 Hivemapper upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 30.73 | |||
| Value At Risk | (8.73) | |||
| Potential Upside | 13.74 |
Hivemapper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hivemapper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hivemapper's standard deviation. In reality, there are many statistical measures that can use Hivemapper historical prices to predict the future Hivemapper's volatility.| Risk Adjusted Performance | 0.0066 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hivemapper's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hivemapper Backtested Returns
At this point, Hivemapper is unusually risky. Hivemapper holds Efficiency (Sharpe) Ratio of 0.0018, which attests that digital coin had a 0.0018% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Hivemapper, which you can use to evaluate the volatility of coin. Please check out Hivemapper's Risk Adjusted Performance of 0.0066, market risk adjusted performance of (0.01), and Standard Deviation of 6.1 to validate if the risk estimate we provide is consistent with the expected return of 0.0112%. The crypto retains a Market Volatility (i.e., Beta) of 1.59, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hivemapper will likely underperform.
Auto-correlation | -0.69 |
Very good reverse predictability
Hivemapper has very good reverse predictability. Overlapping area represents the amount of predictability between Hivemapper time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Hivemapper price movement. The serial correlation of -0.69 indicates that around 69.0% of current Hivemapper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hivemapper lagged returns against current returns
Autocorrelation, which is Hivemapper 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 Hivemapper's crypto coin expected returns. We can calculate the autocorrelation of Hivemapper returns to help us make a trade decision. For example, suppose you find that Hivemapper 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 |
Hivemapper 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 Hivemapper crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hivemapper crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hivemapper crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Hivemapper Lagged Returns
When evaluating Hivemapper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hivemapper crypto coin have on its future price. Hivemapper 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, Hivemapper autocorrelation shows the relationship between Hivemapper crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Hivemapper.
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 Hivemapper offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hivemapper'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 Hivemapper Crypto.Check out Hivemapper Correlation, Hivemapper Volatility and Investing Opportunities module to complement your research on Hivemapper. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Hivemapper 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.