HYDRO Market Value
| HYDRO Crypto | USD 0.0003 0.00 0.00% |
| Symbol | HYDRO |
HYDRO '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 HYDRO'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 HYDRO.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in HYDRO on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding HYDRO or generate 0.0% return on investment in HYDRO over 720 days. HYDRO is related to or competes with XRP, Solana, Staked Ether, Toncoin, Worldcoin, Sui, and Stellar. HYDRO is peer-to-peer digital currency powered by the Blockchain technology.
HYDRO 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 HYDRO'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 HYDRO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (2.55) | |||
| Maximum Drawdown | 0.3086 |
HYDRO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HYDRO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HYDRO's standard deviation. In reality, there are many statistical measures that can use HYDRO historical prices to predict the future HYDRO's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (2.00) |
HYDRO Backtested Returns
At this point, HYDRO is relatively risky. HYDRO holds Efficiency (Sharpe) Ratio of 3.0E-4, which attests that digital coin had a 3.0E-4% return per unit of return volatility over the last 3 months. We have found sixteen technical indicators for HYDRO, which you can use to evaluate the volatility of coin. Please check out HYDRO's Market Risk Adjusted Performance of (1.99), risk adjusted performance of (0.13), and Coefficient Of Variation of 375547.85 to validate if the risk estimate we provide is consistent with the expected return of 0.0%. The crypto retains a Market Volatility (i.e., Beta) of 0.005, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HYDRO's returns are expected to increase less than the market. However, during the bear market, the loss of holding HYDRO is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
HYDRO has weak reverse predictability. Overlapping area represents the amount of predictability between HYDRO 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 HYDRO price movement. The serial correlation of -0.22 indicates that over 22.0% of current HYDRO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HYDRO lagged returns against current returns
Autocorrelation, which is HYDRO 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 HYDRO's crypto coin expected returns. We can calculate the autocorrelation of HYDRO returns to help us make a trade decision. For example, suppose you find that HYDRO 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 |
HYDRO 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 HYDRO crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HYDRO crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HYDRO crypto coin over time.
Current vs Lagged Prices |
| Timeline |
HYDRO Lagged Returns
When evaluating HYDRO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HYDRO crypto coin have on its future price. HYDRO 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, HYDRO autocorrelation shows the relationship between HYDRO crypto coin current value and its past values and can show if there is a momentum factor associated with investing in HYDRO.
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 HYDRO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HYDRO'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 Hydro Crypto.Check out HYDRO Correlation, HYDRO Volatility and Investing Opportunities module to complement your research on HYDRO. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
HYDRO 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.