UTK Market Value
| UTK Crypto | USD 0.05 0.0007 1.46% |
| Symbol | UTK |
UTK '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 UTK'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 UTK.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in UTK on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding UTK or generate 0.0% return on investment in UTK over 30 days. UTK is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. UTK is peer-to-peer digital currency powered by the Blockchain technology.
UTK 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 UTK'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 UTK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.85 | |||
| Information Ratio | 0.0127 | |||
| Maximum Drawdown | 27.23 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 9.58 |
UTK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UTK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UTK's standard deviation. In reality, there are many statistical measures that can use UTK historical prices to predict the future UTK's volatility.| Risk Adjusted Performance | 0.0371 | |||
| Jensen Alpha | 0.0349 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.0139 | |||
| Treynor Ratio | 0.1479 |
UTK Backtested Returns
UTK appears to be extremely risky, given 3 months investment horizon. UTK owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0555, which indicates digital coin had a 0.0555% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for UTK, which you can use to evaluate the volatility of coin. Please review UTK's coefficient of variation of 2676.23, and Risk Adjusted Performance of 0.0371 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.27, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, UTK will likely underperform.
Auto-correlation | 0.55 |
Modest predictability
UTK has modest predictability. Overlapping area represents the amount of predictability between UTK time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 UTK price movement. The serial correlation of 0.55 indicates that about 55.0% of current UTK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
UTK lagged returns against current returns
Autocorrelation, which is UTK 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 UTK's crypto coin expected returns. We can calculate the autocorrelation of UTK returns to help us make a trade decision. For example, suppose you find that UTK 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 |
UTK 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 UTK crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UTK crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UTK crypto coin over time.
Current vs Lagged Prices |
| Timeline |
UTK Lagged Returns
When evaluating UTK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UTK crypto coin have on its future price. UTK 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, UTK autocorrelation shows the relationship between UTK crypto coin current value and its past values and can show if there is a momentum factor associated with investing in UTK.
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 UTK offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of UTK'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 Utk Crypto.Check out UTK Correlation, UTK Volatility and Investing Opportunities module to complement your research on UTK. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
UTK 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.