ORN Market Value
| ORN Crypto | USD 1.60 0.06 3.61% |
| Symbol | ORN |
ORN '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 ORN'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 ORN.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in ORN on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding ORN or generate 0.0% return on investment in ORN over 180 days. ORN is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. ORN is peer-to-peer digital currency powered by the Blockchain technology.
ORN 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 ORN'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 ORN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.23 | |||
| Information Ratio | 0.0752 | |||
| Maximum Drawdown | 91.95 | |||
| Value At Risk | (8.60) | |||
| Potential Upside | 17.65 |
ORN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ORN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ORN's standard deviation. In reality, there are many statistical measures that can use ORN historical prices to predict the future ORN's volatility.| Risk Adjusted Performance | 0.0758 | |||
| Jensen Alpha | 0.7803 | |||
| Total Risk Alpha | (0.94) | |||
| Sortino Ratio | 0.1405 | |||
| Treynor Ratio | 0.5754 |
ORN Backtested Returns
ORN is abnormally risky given 3 months investment horizon. ORN maintains Sharpe Ratio (i.e., Efficiency) of 0.0957, which implies digital coin had a 0.0957% return per unit of volatility over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.12% are justified by taking the suggested risk. Use ORN semi deviation of 5.45, and Risk Adjusted Performance of 0.0758 to evaluate coin specific risk that cannot be diversified away. The crypto holds a Beta of 1.74, which implies 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, ORN will likely underperform.
Auto-correlation | 0.02 |
Virtually no predictability
ORN has virtually no predictability. Overlapping area represents the amount of predictability between ORN time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 ORN price movement. The serial correlation of 0.02 indicates that only 2.0% of current ORN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
ORN lagged returns against current returns
Autocorrelation, which is ORN 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 ORN's crypto coin expected returns. We can calculate the autocorrelation of ORN returns to help us make a trade decision. For example, suppose you find that ORN 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 |
ORN 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 ORN crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ORN crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ORN crypto coin over time.
Current vs Lagged Prices |
| Timeline |
ORN Lagged Returns
When evaluating ORN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ORN crypto coin have on its future price. ORN 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, ORN autocorrelation shows the relationship between ORN crypto coin current value and its past values and can show if there is a momentum factor associated with investing in ORN.
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 ORN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ORN'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 Orn Crypto.Check out ORN Correlation, ORN Volatility and Investing Opportunities module to complement your research on ORN. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
ORN 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.