Power Ledger Market Value
| POWR Crypto | USD 0.33 0.01 3.13% |
| Symbol | Power |
Power Ledger '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 Power Ledger'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 Power Ledger.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Power Ledger on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Power Ledger or generate 0.0% return on investment in Power Ledger over 180 days. Power Ledger is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. Power Ledger is peer-to-peer digital currency powered by the Blockchain technology.
Power Ledger 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 Power Ledger'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 Power Ledger upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.29 | |||
| Information Ratio | 0.1643 | |||
| Maximum Drawdown | 22.98 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 9.52 |
Power Ledger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Power Ledger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Ledger's standard deviation. In reality, there are many statistical measures that can use Power Ledger historical prices to predict the future Power Ledger's volatility.| Risk Adjusted Performance | 0.1551 | |||
| Jensen Alpha | 0.8644 | |||
| Total Risk Alpha | 0.1146 | |||
| Sortino Ratio | 0.1555 | |||
| Treynor Ratio | 1.41 |
Power Ledger Backtested Returns
Power Ledger is very risky given 3 months investment horizon. Power Ledger maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies digital coin had a 0.21% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use Power Ledger Coefficient Of Variation of 521.35, risk adjusted performance of 0.1551, and Semi Deviation of 3.26 to evaluate coin specific risk that cannot be diversified away. The crypto holds a Beta of 0.67, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Power Ledger's returns are expected to increase less than the market. However, during the bear market, the loss of holding Power Ledger is expected to be smaller as well.
Auto-correlation | -0.48 |
Modest reverse predictability
Power Ledger has modest reverse predictability. Overlapping area represents the amount of predictability between Power Ledger 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 Power Ledger price movement. The serial correlation of -0.48 indicates that about 48.0% of current Power Ledger price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Power Ledger lagged returns against current returns
Autocorrelation, which is Power Ledger 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 Power Ledger's crypto coin expected returns. We can calculate the autocorrelation of Power Ledger returns to help us make a trade decision. For example, suppose you find that Power Ledger 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 |
Power Ledger 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 Power Ledger crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Ledger crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Power Ledger crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Power Ledger Lagged Returns
When evaluating Power Ledger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Ledger crypto coin have on its future price. Power Ledger 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, Power Ledger autocorrelation shows the relationship between Power Ledger crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Power Ledger.
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 Power Ledger offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Power Ledger'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 Power Ledger Crypto.Check out Power Ledger Correlation, Power Ledger Volatility and Investing Opportunities module to complement your research on Power Ledger. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Power Ledger 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.