Wormhole Market Value
| W Crypto | USD 0.14 0.03 17.65% |
| Symbol | Wormhole |
Wormhole '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 Wormhole'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 Wormhole.
| 10/28/2024 |
| 02/25/2025 |
If you would invest 0.00 in Wormhole on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Wormhole or generate 0.0% return on investment in Wormhole over 120 days. Wormhole is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, Tokocrypto, and DIA. Wormhole is peer-to-peer digital currency powered by the Blockchain technology.
Wormhole 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 Wormhole'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 Wormhole upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 37.12 | |||
| Value At Risk | (13.04) | |||
| Potential Upside | 10.34 |
Wormhole Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wormhole's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wormhole's standard deviation. In reality, there are many statistical measures that can use Wormhole historical prices to predict the future Wormhole's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 0.9826 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wormhole's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Wormhole Backtested Returns
Wormhole shows Sharpe Ratio of -0.14, which attests that digital coin had a -0.14 % return per unit of risk over the last 3 months. Wormhole exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wormhole's Market Risk Adjusted Performance of 0.9926, mean deviation of 5.83, and Standard Deviation of 7.62 to validate the risk estimate we provide. The entity maintains a market beta of -0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wormhole are expected to decrease at a much lower rate. During the bear market, Wormhole is likely to outperform the market.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Wormhole has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Wormhole time series from 28th of October 2024 to 27th of December 2024 and 27th of December 2024 to 25th 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 Wormhole price movement. The serial correlation of -0.71 indicates that around 71.0% of current Wormhole price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wormhole lagged returns against current returns
Autocorrelation, which is Wormhole 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 Wormhole's crypto coin expected returns. We can calculate the autocorrelation of Wormhole returns to help us make a trade decision. For example, suppose you find that Wormhole 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 |
Wormhole 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 Wormhole crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wormhole crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wormhole crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Wormhole Lagged Returns
When evaluating Wormhole's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wormhole crypto coin have on its future price. Wormhole 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, Wormhole autocorrelation shows the relationship between Wormhole crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Wormhole.
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 Wormhole offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wormhole'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 Wormhole Crypto.Check out Wormhole Correlation, Wormhole Volatility and Investing Opportunities module to complement your research on Wormhole. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Wormhole 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.