WOO Network Market Value
| WOO Crypto | USD 0.28 0.03 12.00% |
| Symbol | WOO |
WOO Network '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 WOO Network'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 WOO Network.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in WOO Network on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding WOO Network or generate 0.0% return on investment in WOO Network over 30 days. WOO Network is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. WOO Network is peer-to-peer digital currency powered by the Blockchain technology.
WOO Network 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 WOO Network'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 WOO Network upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.92 | |||
| Information Ratio | 0.1378 | |||
| Maximum Drawdown | 36.43 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 12.5 |
WOO Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WOO Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WOO Network's standard deviation. In reality, there are many statistical measures that can use WOO Network historical prices to predict the future WOO Network's volatility.| Risk Adjusted Performance | 0.1283 | |||
| Jensen Alpha | 0.8691 | |||
| Total Risk Alpha | 0.0268 | |||
| Sortino Ratio | 0.1384 | |||
| Treynor Ratio | 0.6059 |
WOO Network Backtested Returns
WOO Network is unreasonably risky given 3 months investment horizon. WOO Network shows Sharpe Ratio of 0.17, which attests that digital coin had a 0.17% return per unit of standard deviation over the last 3 months. We were able to break down and interpolate data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.2% are justified by taking the suggested risk. Use WOO Network Risk Adjusted Performance of 0.1283, downside deviation of 6.92, and Mean Deviation of 5.55 to evaluate coin specific risk that cannot be diversified away. The entity maintains a market beta of 1.77, which attests to 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, WOO Network will likely underperform.
Auto-correlation | 0.83 |
Very good predictability
WOO Network has very good predictability. Overlapping area represents the amount of predictability between WOO Network 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 WOO Network price movement. The serial correlation of 0.83 indicates that around 83.0% of current WOO Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WOO Network lagged returns against current returns
Autocorrelation, which is WOO Network 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 WOO Network's crypto coin expected returns. We can calculate the autocorrelation of WOO Network returns to help us make a trade decision. For example, suppose you find that WOO Network 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 |
WOO Network 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 WOO Network crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WOO Network crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WOO Network crypto coin over time.
Current vs Lagged Prices |
| Timeline |
WOO Network Lagged Returns
When evaluating WOO Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WOO Network crypto coin have on its future price. WOO Network 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, WOO Network autocorrelation shows the relationship between WOO Network crypto coin current value and its past values and can show if there is a momentum factor associated with investing in WOO Network.
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 WOO Network offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WOO Network'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 Woo Network Crypto.Check out WOO Network Correlation, WOO Network Volatility and Investing Opportunities module to complement your research on WOO Network. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
WOO Network 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.