Jito Market Value
| JTO Crypto | USD 3.57 0.13 3.51% |
| Symbol | Jito |
Jito '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 Jito'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 Jito.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Jito on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Jito or generate 0.0% return on investment in Jito over 30 days. Jito is related to or competes with Staked Ether, EigenLayer, BLZ, Tokocrypto, and DIA. Jito is peer-to-peer digital currency powered by the Blockchain technology.
Jito 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 Jito'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 Jito upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.6 | |||
| Information Ratio | 0.1305 | |||
| Maximum Drawdown | 32.93 | |||
| Value At Risk | (10.36) | |||
| Potential Upside | 18.59 |
Jito Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jito's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jito's standard deviation. In reality, there are many statistical measures that can use Jito historical prices to predict the future Jito's volatility.| Risk Adjusted Performance | 0.1221 | |||
| Jensen Alpha | 0.9156 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1636 | |||
| Treynor Ratio | 1.03 |
Jito Backtested Returns
Jito is unusually volatile given 3 months investment horizon. Jito holds Efficiency (Sharpe) Ratio of 0.16, which attests that digital coin had a 0.16% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Jito Risk Adjusted Performance of 0.1221, downside deviation of 5.6, and Market Risk Adjusted Performance of 1.04 to evaluate coin specific risk that cannot be diversified away. The crypto retains a Market Volatility (i.e., Beta) of 1.0, which attests to a somewhat significant risk relative to the market. Jito returns are very sensitive to returns on the market. As the market goes up or down, Jito is expected to follow.
Auto-correlation | 0.80 |
Very good predictability
Jito has very good predictability. Overlapping area represents the amount of predictability between Jito time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Jito price movement. The serial correlation of 0.8 indicates that around 80.0% of current Jito price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Jito lagged returns against current returns
Autocorrelation, which is Jito 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 Jito's crypto coin expected returns. We can calculate the autocorrelation of Jito returns to help us make a trade decision. For example, suppose you find that Jito 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 |
Jito 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 Jito crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jito crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jito crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Jito Lagged Returns
When evaluating Jito's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jito crypto coin have on its future price. Jito 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, Jito autocorrelation shows the relationship between Jito crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Jito.
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 Jito offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Jito'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 Jito Crypto.Check out Jito Correlation, Jito Volatility and Investing Opportunities module to complement your research on Jito. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Jito 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.