Ontology Gas Market Value
| ONGAS Crypto | USD 0.21 0.01 5.00% |
| Symbol | Ontology |
Ontology Gas '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 Ontology Gas' 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 Ontology Gas.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Ontology Gas on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ontology Gas or generate 0.0% return on investment in Ontology Gas over 90 days. Ontology Gas is related to or competes with XRP, Solana, Sui, TRON, Staked Ether, Chainlink, and Toncoin. Ontology Gas is peer-to-peer digital currency powered by the Blockchain technology.
Ontology Gas 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 Ontology Gas' 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 Ontology Gas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 29.71 | |||
| Value At Risk | (9.68) | |||
| Potential Upside | 8.33 |
Ontology Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ontology Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ontology Gas' standard deviation. In reality, there are many statistical measures that can use Ontology Gas historical prices to predict the future Ontology Gas' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.91) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 1.38 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ontology Gas' 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.
Ontology Gas Backtested Returns
Ontology Gas maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies digital coin had a -0.13 % return per unit of risk over the last 3 months. Ontology Gas exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ontology Gas' Risk Adjusted Performance of (0.13), variance of 28.8, and Coefficient Of Variation of (647.07) to confirm the risk estimate we provide. The crypto holds a Beta of -0.61, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ontology Gas are expected to decrease at a much lower rate. During the bear market, Ontology Gas is likely to outperform the market.
Auto-correlation | 0.49 |
Average predictability
Ontology Gas has average predictability. Overlapping area represents the amount of predictability between Ontology Gas time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Ontology Gas price movement. The serial correlation of 0.49 indicates that about 49.0% of current Ontology Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ontology Gas lagged returns against current returns
Autocorrelation, which is Ontology Gas 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 Ontology Gas' crypto coin expected returns. We can calculate the autocorrelation of Ontology Gas returns to help us make a trade decision. For example, suppose you find that Ontology Gas 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 |
Ontology Gas 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 Ontology Gas crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ontology Gas crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ontology Gas crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Ontology Gas Lagged Returns
When evaluating Ontology Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ontology Gas crypto coin have on its future price. Ontology Gas 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, Ontology Gas autocorrelation shows the relationship between Ontology Gas crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Ontology Gas.
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 Ontology Gas offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ontology Gas' 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 Ontology Gas Crypto.Check out Ontology Gas Correlation, Ontology Gas Volatility and Investing Opportunities module to complement your research on Ontology Gas. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Ontology Gas 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.