Solana Market Value
| SOL Crypto | USD 237.75 5.71 2.35% |
| Symbol | Solana |
Solana '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 Solana'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 Solana.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Solana on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Solana or generate 0.0% return on investment in Solana over 180 days. Solana is related to or competes with Staked Ether, Cronos, Wrapped Bitcoin, XMR, Tether, Chainlink, and USD Coin. Solana is peer-to-peer digital currency powered by the Blockchain technology.
Solana 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 Solana'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 Solana upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | 0.2036 | |||
| Maximum Drawdown | 21.69 | |||
| Value At Risk | (5.78) | |||
| Potential Upside | 6.37 |
Solana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solana's standard deviation. In reality, there are many statistical measures that can use Solana historical prices to predict the future Solana's volatility.| Risk Adjusted Performance | 0.1895 | |||
| Jensen Alpha | 0.9651 | |||
| Total Risk Alpha | 0.2776 | |||
| Sortino Ratio | 0.2254 | |||
| Treynor Ratio | (23.47) |
Solana Backtested Returns
Solana is very risky given 3 months investment horizon. Solana owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates digital coin had a 0.27% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use Solana Coefficient Of Variation of 421.4, risk adjusted performance of 0.1895, and Semi Deviation of 3.13 to evaluate coin specific risk that cannot be diversified away. The entity has a beta of -0.0409, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Solana are expected to decrease at a much lower rate. During the bear market, Solana is likely to outperform the market.
Auto-correlation | -0.08 |
Very weak reverse predictability
Solana has very weak reverse predictability. Overlapping area represents the amount of predictability between Solana 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 Solana price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Solana price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1486.67 |
Solana lagged returns against current returns
Autocorrelation, which is Solana 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 Solana's crypto coin expected returns. We can calculate the autocorrelation of Solana returns to help us make a trade decision. For example, suppose you find that Solana 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 |
Solana 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 Solana crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solana crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solana crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Solana Lagged Returns
When evaluating Solana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solana crypto coin have on its future price. Solana 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, Solana autocorrelation shows the relationship between Solana crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Solana.
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 Solana offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Solana'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 Solana Crypto.Check out Solana Correlation, Solana Volatility and Investing Opportunities module to complement your research on Solana. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Solana 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.