PHB Market Value
| PHB Crypto | USD 2.35 0.16 7.31% |
| Symbol | PHB |
PHB '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 PHB'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 PHB.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in PHB on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding PHB or generate 0.0% return on investment in PHB over 30 days. PHB is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. PHB is peer-to-peer digital currency powered by the Blockchain technology.
PHB 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 PHB'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 PHB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.59 | |||
| Information Ratio | 0.1639 | |||
| Maximum Drawdown | 42.22 | |||
| Value At Risk | (6.88) | |||
| Potential Upside | 11.93 |
PHB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PHB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PHB's standard deviation. In reality, there are many statistical measures that can use PHB historical prices to predict the future PHB's volatility.| Risk Adjusted Performance | 0.15 | |||
| Jensen Alpha | 1.13 | |||
| Total Risk Alpha | 0.1077 | |||
| Sortino Ratio | 0.1948 | |||
| Treynor Ratio | 1.91 |
PHB Backtested Returns
PHB is unusually volatile given 3 months investment horizon. PHB retains Efficiency (Sharpe Ratio) of 0.2, which implies digital coin had a 0.2% return per unit of risk over the last 3 months. We have analyzed twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.31% are justified by taking the suggested risk. Use PHB semi deviation of 4.63, and Market Risk Adjusted Performance of 1.92 to evaluate coin specific risk that cannot be diversified away. The crypto owns a Beta (Systematic Risk) of 0.64, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PHB's returns are expected to increase less than the market. However, during the bear market, the loss of holding PHB is expected to be smaller as well.
Auto-correlation | 0.03 |
Virtually no predictability
PHB has virtually no predictability. Overlapping area represents the amount of predictability between PHB time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 PHB price movement. The serial correlation of 0.03 indicates that only 3.0% of current PHB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
PHB lagged returns against current returns
Autocorrelation, which is PHB 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 PHB's crypto coin expected returns. We can calculate the autocorrelation of PHB returns to help us make a trade decision. For example, suppose you find that PHB 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 |
PHB 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 PHB crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PHB crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PHB crypto coin over time.
Current vs Lagged Prices |
| Timeline |
PHB Lagged Returns
When evaluating PHB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PHB crypto coin have on its future price. PHB 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, PHB autocorrelation shows the relationship between PHB crypto coin current value and its past values and can show if there is a momentum factor associated with investing in PHB.
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 PHB offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PHB'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 Phb Crypto.Check out PHB Correlation, PHB Volatility and Investing Opportunities module to complement your research on PHB. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
PHB 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.