Parcl Market Value
| PRCL Crypto | USD 0.44 0.01 2.33% |
| Symbol | Parcl |
Parcl '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 Parcl'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 Parcl.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Parcl on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Parcl or generate 0.0% return on investment in Parcl over 180 days. Parcl is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. Parcl is peer-to-peer digital currency powered by the Blockchain technology.
Parcl 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 Parcl'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 Parcl upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.26 | |||
| Information Ratio | 0.1878 | |||
| Maximum Drawdown | 62.12 | |||
| Value At Risk | (13.64) | |||
| Potential Upside | 26.32 |
Parcl Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parcl's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parcl's standard deviation. In reality, there are many statistical measures that can use Parcl historical prices to predict the future Parcl's volatility.| Risk Adjusted Performance | 0.1616 | |||
| Jensen Alpha | 2.31 | |||
| Total Risk Alpha | 0.3806 | |||
| Sortino Ratio | 0.2457 | |||
| Treynor Ratio | 3.18 |
Parcl Backtested Returns
Parcl is abnormally risky given 3 months investment horizon. Parcl maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies digital coin had a 0.22% 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 2.67% are justified by taking the suggested risk. Use Parcl Semi Deviation of 7.72, risk adjusted performance of 0.1616, and Coefficient Of Variation of 502.08 to evaluate coin specific risk that cannot be diversified away. The crypto holds a Beta of 0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Parcl's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parcl is expected to be smaller as well.
Auto-correlation | 0.30 |
Below average predictability
Parcl has below average predictability. Overlapping area represents the amount of predictability between Parcl 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 Parcl price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Parcl price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Parcl lagged returns against current returns
Autocorrelation, which is Parcl 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 Parcl's crypto coin expected returns. We can calculate the autocorrelation of Parcl returns to help us make a trade decision. For example, suppose you find that Parcl 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 |
Parcl 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 Parcl crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parcl crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parcl crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Parcl Lagged Returns
When evaluating Parcl's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parcl crypto coin have on its future price. Parcl 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, Parcl autocorrelation shows the relationship between Parcl crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Parcl.
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 Parcl offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Parcl'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 Parcl Crypto.Check out Parcl Correlation, Parcl Volatility and Investing Opportunities module to complement your research on Parcl. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Parcl 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.