WGRT Market Value
| WGRT Crypto | USD 0.0006 0.000028 4.82% |
| Symbol | WGRT |
WGRT '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 WGRT'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 WGRT.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in WGRT on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding WGRT or generate 0.0% return on investment in WGRT over 90 days. WGRT is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, and DIA. WGRT is peer-to-peer digital currency powered by the Blockchain technology.
WGRT 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 WGRT'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 WGRT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 38.69 | |||
| Value At Risk | (11.55) | |||
| Potential Upside | 11.41 |
WGRT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WGRT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WGRT's standard deviation. In reality, there are many statistical measures that can use WGRT historical prices to predict the future WGRT's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | 0.5886 | |||
| Treynor Ratio | 0.4364 |
WGRT Backtested Returns
At this point, WGRT is unreasonably risky. WGRT shows Sharpe Ratio of close to zero, which attests that digital coin had a close to zero % return per unit of standard deviation over the last 3 months. We have found twenty technical indicators for WGRT, which you can use to evaluate the volatility of coin. Please check out WGRT's Mean Deviation of 5.38, standard deviation of 7.52, and Risk Adjusted Performance of (0.03) to validate if the risk estimate we provide is consistent with the expected return of 0.0118%. The entity maintains a market beta of -0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WGRT are expected to decrease at a much lower rate. During the bear market, WGRT is likely to outperform the market.
Auto-correlation | 0.02 |
Virtually no predictability
WGRT has virtually no predictability. Overlapping area represents the amount of predictability between WGRT time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 WGRT price movement. The serial correlation of 0.02 indicates that only 2.0% of current WGRT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WGRT lagged returns against current returns
Autocorrelation, which is WGRT 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 WGRT's crypto coin expected returns. We can calculate the autocorrelation of WGRT returns to help us make a trade decision. For example, suppose you find that WGRT 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 |
WGRT 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 WGRT crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WGRT crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WGRT crypto coin over time.
Current vs Lagged Prices |
| Timeline |
WGRT Lagged Returns
When evaluating WGRT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WGRT crypto coin have on its future price. WGRT 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, WGRT autocorrelation shows the relationship between WGRT crypto coin current value and its past values and can show if there is a momentum factor associated with investing in WGRT.
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 WGRT offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WGRT'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 Wgrt Crypto.Check out WGRT Correlation, WGRT Volatility and Investing Opportunities module to complement your research on WGRT. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
WGRT 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.