MTL Market Value
| MTL Crypto | USD 1.45 0.03 2.03% |
| Symbol | MTL |
MTL '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 MTL'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 MTL.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in MTL on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding MTL or generate 0.0% return on investment in MTL over 30 days. MTL is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. MTL is peer-to-peer digital currency powered by the Blockchain technology.
MTL 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 MTL'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 MTL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.94 | |||
| Information Ratio | 0.1321 | |||
| Maximum Drawdown | 25.43 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 9.3 |
MTL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MTL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MTL's standard deviation. In reality, there are many statistical measures that can use MTL historical prices to predict the future MTL's volatility.| Risk Adjusted Performance | 0.1285 | |||
| Jensen Alpha | 0.6382 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1411 | |||
| Treynor Ratio | 0.5489 |
MTL Backtested Returns
MTL appears to be extremely risky, given 3 months investment horizon. MTL has Sharpe Ratio of 0.17, which conveys that digital coin had a 0.17% return per unit of volatility over the last 3 months. By inspecting MTL's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please exercise MTL's risk adjusted performance of 0.1285, and Mean Deviation of 3.76 to check out if our risk estimates are consistent with your expectations. The crypto secures a Beta (Market Risk) of 1.49, which conveys 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, MTL will likely underperform.
Auto-correlation | 0.74 |
Good predictability
MTL has good predictability. Overlapping area represents the amount of predictability between MTL time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 MTL price movement. The serial correlation of 0.74 indicates that around 74.0% of current MTL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
MTL lagged returns against current returns
Autocorrelation, which is MTL 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 MTL's crypto coin expected returns. We can calculate the autocorrelation of MTL returns to help us make a trade decision. For example, suppose you find that MTL 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 |
MTL 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 MTL crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MTL crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MTL crypto coin over time.
Current vs Lagged Prices |
| Timeline |
MTL Lagged Returns
When evaluating MTL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MTL crypto coin have on its future price. MTL 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, MTL autocorrelation shows the relationship between MTL crypto coin current value and its past values and can show if there is a momentum factor associated with investing in MTL.
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 MTL offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MTL'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 Mtl Crypto.Check out MTL Correlation, MTL Volatility and Investing Opportunities module to complement your research on MTL. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
MTL 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.