VeChain Market Value
| VET Crypto | USD 0.04 0.0004 0.93% |
| Symbol | VeChain |
VeChain '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 VeChain'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 VeChain.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in VeChain on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding VeChain or generate 0.0% return on investment in VeChain over 720 days. VeChain is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. VeChain is peer-to-peer digital currency powered by the Blockchain technology.
VeChain 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 VeChain'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 VeChain upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.86 | |||
| Information Ratio | 0.1643 | |||
| Maximum Drawdown | 25.85 | |||
| Value At Risk | (6.18) | |||
| Potential Upside | 10.87 |
VeChain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VeChain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VeChain's standard deviation. In reality, there are many statistical measures that can use VeChain historical prices to predict the future VeChain's volatility.| Risk Adjusted Performance | 0.1521 | |||
| Jensen Alpha | 0.9146 | |||
| Total Risk Alpha | 0.1581 | |||
| Sortino Ratio | 0.237 | |||
| Treynor Ratio | 1.03 |
VeChain Backtested Returns
VeChain is unusually risky given 3 months investment horizon. VeChain retains Efficiency (Sharpe Ratio) of 0.21, which indicates digital coin had a 0.21% return per unit of volatility over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.21% are justified by taking the suggested risk. Use VeChain downside deviation of 3.86, and Risk Adjusted Performance of 0.1521 to evaluate coin specific risk that cannot be diversified away. The entity owns a Beta (Systematic Risk) of 1.0, which indicates a somewhat significant risk relative to the market. VeChain returns are very sensitive to returns on the market. As the market goes up or down, VeChain is expected to follow.
Auto-correlation | -0.51 |
Good reverse predictability
VeChain has good reverse predictability. Overlapping area represents the amount of predictability between VeChain time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 VeChain price movement. The serial correlation of -0.51 indicates that about 51.0% of current VeChain price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
VeChain lagged returns against current returns
Autocorrelation, which is VeChain 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 VeChain's crypto coin expected returns. We can calculate the autocorrelation of VeChain returns to help us make a trade decision. For example, suppose you find that VeChain 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 |
VeChain 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 VeChain crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VeChain crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VeChain crypto coin over time.
Current vs Lagged Prices |
| Timeline |
VeChain Lagged Returns
When evaluating VeChain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VeChain crypto coin have on its future price. VeChain 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, VeChain autocorrelation shows the relationship between VeChain crypto coin current value and its past values and can show if there is a momentum factor associated with investing in VeChain.
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 VeChain offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VeChain'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 Vechain Crypto.Check out VeChain Correlation, VeChain Volatility and Investing Opportunities module to complement your research on VeChain. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
VeChain 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.