Renzo Market Value
| REZ Crypto | USD 0.02 0.0002 1.19% |
| Symbol | Renzo |
Renzo '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 Renzo'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 Renzo.
| 06/01/2024 |
| 02/26/2025 |
If you would invest 0.00 in Renzo on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Renzo or generate 0.0% return on investment in Renzo over 270 days. Renzo is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, Tokocrypto, and DIA. Renzo is peer-to-peer digital currency powered by the Blockchain technology.
Renzo 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 Renzo'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 Renzo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 41.51 | |||
| Value At Risk | (13.03) | |||
| Potential Upside | 10.1 |
Renzo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renzo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renzo's standard deviation. In reality, there are many statistical measures that can use Renzo historical prices to predict the future Renzo's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (1.18) | |||
| Total Risk Alpha | (1.24) | |||
| Treynor Ratio | 0.8005 |
Renzo Backtested Returns
Renzo maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies digital coin had a -0.19 % return per unit of risk over the last 3 months. Renzo exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renzo's Variance of 62.2, coefficient of variation of (670.04), and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide. The crypto holds a Beta of -1.48, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Renzo are expected to decrease by larger amounts. On the other hand, during market turmoil, Renzo is expected to outperform it.
Auto-correlation | 0.36 |
Below average predictability
Renzo has below average predictability. Overlapping area represents the amount of predictability between Renzo time series from 1st of June 2024 to 14th of October 2024 and 14th of October 2024 to 26th of February 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 Renzo price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Renzo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Renzo lagged returns against current returns
Autocorrelation, which is Renzo 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 Renzo's crypto coin expected returns. We can calculate the autocorrelation of Renzo returns to help us make a trade decision. For example, suppose you find that Renzo 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 |
Renzo 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 Renzo crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renzo crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renzo crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Renzo Lagged Returns
When evaluating Renzo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renzo crypto coin have on its future price. Renzo 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, Renzo autocorrelation shows the relationship between Renzo crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Renzo.
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 Renzo offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Renzo'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 Renzo Crypto.Check out Renzo Correlation, Renzo Volatility and Investing Opportunities module to complement your research on Renzo. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Renzo 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.