OKT Chain Market Value
| OKT Crypto | USD 9.97 2.27 18.55% |
| Symbol | OKT |
OKT Chain '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 OKT Chain'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 OKT Chain.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in OKT Chain on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding OKT Chain or generate 0.0% return on investment in OKT Chain over 30 days. OKT Chain is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. OKT Chain is peer-to-peer digital currency powered by the Blockchain technology.
OKT Chain 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 OKT Chain'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 OKT Chain upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.75 | |||
| Information Ratio | 0.0749 | |||
| Maximum Drawdown | 64.0 | |||
| Value At Risk | (10.69) | |||
| Potential Upside | 19.65 |
OKT Chain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OKT Chain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OKT Chain's standard deviation. In reality, there are many statistical measures that can use OKT Chain historical prices to predict the future OKT Chain's volatility.| Risk Adjusted Performance | 0.0768 | |||
| Jensen Alpha | 0.8835 | |||
| Total Risk Alpha | (0.68) | |||
| Sortino Ratio | 0.1074 | |||
| Treynor Ratio | (2.66) |
OKT Chain Backtested Returns
OKT Chain is abnormally risky given 3 months investment horizon. OKT Chain maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies digital coin had a 0.11% return per unit of standard deviation over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.04% are justified by taking the suggested risk. Use OKT Chain Semi Deviation of 6.09, risk adjusted performance of 0.0768, and Market Risk Adjusted Performance of (2.65) to evaluate coin specific risk that cannot be diversified away. The crypto holds a Beta of -0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning OKT Chain are expected to decrease at a much lower rate. During the bear market, OKT Chain is likely to outperform the market.
Auto-correlation | -0.04 |
Very weak reverse predictability
OKT Chain has very weak reverse predictability. Overlapping area represents the amount of predictability between OKT Chain 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 OKT Chain price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current OKT Chain price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 2.27 |
OKT Chain lagged returns against current returns
Autocorrelation, which is OKT Chain 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 OKT Chain's crypto coin expected returns. We can calculate the autocorrelation of OKT Chain returns to help us make a trade decision. For example, suppose you find that OKT Chain 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 |
OKT Chain 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 OKT Chain crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OKT Chain crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OKT Chain crypto coin over time.
Current vs Lagged Prices |
| Timeline |
OKT Chain Lagged Returns
When evaluating OKT Chain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OKT Chain crypto coin have on its future price. OKT Chain 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, OKT Chain autocorrelation shows the relationship between OKT Chain crypto coin current value and its past values and can show if there is a momentum factor associated with investing in OKT Chain.
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 OKT Chain offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OKT Chain'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 Okt Chain Crypto.Check out OKT Chain Correlation, OKT Chain Volatility and Investing Opportunities module to complement your research on OKT Chain. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
OKT Chain 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.