Symbol Market Value
| XYM Crypto | USD 0.01 0.0001 0.79% |
| Symbol | Symbol |
Symbol '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 Symbol'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 Symbol.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Symbol on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Symbol or generate 0.0% return on investment in Symbol over 90 days. Symbol is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, and DIA. Symbol is peer-to-peer digital currency powered by the Blockchain technology.
Symbol 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 Symbol'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 Symbol upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 35.96 | |||
| Value At Risk | (9.40) | |||
| Potential Upside | 7.41 |
Symbol Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Symbol's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Symbol's standard deviation. In reality, there are many statistical measures that can use Symbol historical prices to predict the future Symbol's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.91) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 1.97 |
Symbol Backtested Returns
Symbol owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates digital coin had a -0.14 % return per unit of risk over the last 3 months. Symbol exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Symbol's Coefficient Of Variation of (620.63), variance of 28.03, and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The entity has a beta of -0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Symbol are expected to decrease at a much lower rate. During the bear market, Symbol is likely to outperform the market.
Auto-correlation | 0.58 |
Modest predictability
Symbol has modest predictability. Overlapping area represents the amount of predictability between Symbol 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 Symbol price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Symbol price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Symbol lagged returns against current returns
Autocorrelation, which is Symbol 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 Symbol's crypto coin expected returns. We can calculate the autocorrelation of Symbol returns to help us make a trade decision. For example, suppose you find that Symbol 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 |
Symbol 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 Symbol crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Symbol crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Symbol crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Symbol Lagged Returns
When evaluating Symbol's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Symbol crypto coin have on its future price. Symbol 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, Symbol autocorrelation shows the relationship between Symbol crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Symbol.
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 Symbol offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Symbol'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 Symbol Crypto.Check out Symbol Correlation, Symbol Volatility and Investing Opportunities module to complement your research on Symbol. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Symbol 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.