Magic Eden Market Value
| ME Crypto | USD 3.35 0.02 0.59% |
| Symbol | Magic |
Magic Eden '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 Magic Eden'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 Magic Eden.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Magic Eden on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Magic Eden or generate 0.0% return on investment in Magic Eden over 30 days. Magic Eden is related to or competes with Magic, Staked Ether, Phala Network, and EigenLayer. Magic Eden is peer-to-peer digital currency powered by the Blockchain technology.
Magic Eden 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 Magic Eden'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 Magic Eden upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.47 | |||
| Information Ratio | 0.1668 | |||
| Maximum Drawdown | 38.96 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 8.93 |
Magic Eden Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magic Eden's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magic Eden's standard deviation. In reality, there are many statistical measures that can use Magic Eden historical prices to predict the future Magic Eden's volatility.| Risk Adjusted Performance | 0.1471 | |||
| Jensen Alpha | 0.9179 | |||
| Total Risk Alpha | 0.8456 | |||
| Sortino Ratio | 0.1676 | |||
| Treynor Ratio | 1.01 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Magic Eden'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.
Magic Eden Backtested Returns
Magic Eden is abnormally risky given 3 months investment horizon. Magic Eden has Sharpe Ratio of 0.12, which conveys that digital coin had a 0.12% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 15.03% are justified by taking the suggested risk. Use Magic Eden Risk Adjusted Performance of 0.1471, mean deviation of 3.22, and Downside Deviation of 5.47 to evaluate coin specific risk that cannot be diversified away. The crypto secures a Beta (Market Risk) of 0.92, which conveys possible diversification benefits within a given portfolio. Magic Eden returns are very sensitive to returns on the market. As the market goes up or down, Magic Eden is expected to follow.
Auto-correlation | -0.27 |
Weak reverse predictability
Magic Eden has weak reverse predictability. Overlapping area represents the amount of predictability between Magic Eden time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 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 Magic Eden price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Magic Eden price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Magic Eden lagged returns against current returns
Autocorrelation, which is Magic Eden 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 Magic Eden's crypto coin expected returns. We can calculate the autocorrelation of Magic Eden returns to help us make a trade decision. For example, suppose you find that Magic Eden 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 |
Magic Eden 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 Magic Eden crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magic Eden crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magic Eden crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Magic Eden Lagged Returns
When evaluating Magic Eden's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magic Eden crypto coin have on its future price. Magic Eden 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, Magic Eden autocorrelation shows the relationship between Magic Eden crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Magic Eden.
Regressed Prices |
| Timeline |
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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.| S | SentinelOne | |
| CRM | Salesforce | |
| MSFT | Microsoft |
Check out Magic Eden Correlation, Magic Eden Volatility and Investing Opportunities module to complement your research on Magic Eden. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Magic Eden 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.