Horizen Market Value
| ZEN Crypto | USD 12.30 0.20 1.65% |
| Symbol | Horizen |
Horizen '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 Horizen'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 Horizen.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Horizen on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Horizen or generate 0.0% return on investment in Horizen over 30 days. Horizen is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, Tokocrypto, and DIA. Horizen is peer-to-peer digital currency powered by the Blockchain technology.
Horizen 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 Horizen'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 Horizen upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.89 | |||
| Information Ratio | 0.0329 | |||
| Maximum Drawdown | 89.51 | |||
| Value At Risk | (18.16) | |||
| Potential Upside | 12.99 |
Horizen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizen's standard deviation. In reality, there are many statistical measures that can use Horizen historical prices to predict the future Horizen's volatility.| Risk Adjusted Performance | 0.0345 | |||
| Jensen Alpha | 0.4683 | |||
| Total Risk Alpha | 0.3521 | |||
| Sortino Ratio | 0.0401 | |||
| Treynor Ratio | (0.08) |
Horizen Backtested Returns
Horizen appears to be abnormally risky, given 3 months investment horizon. Horizen holds Efficiency (Sharpe) Ratio of 0.0356, which attests that digital coin had a 0.0356 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Horizen, which you can use to evaluate the volatility of coin. Please utilize Horizen's Market Risk Adjusted Performance of (0.07), risk adjusted performance of 0.0345, and Downside Deviation of 10.89 to validate if our risk estimates are consistent with your expectations. The crypto retains a Market Volatility (i.e., Beta) of -5.41, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Horizen are expected to decrease by larger amounts. On the other hand, during market turmoil, Horizen is expected to outperform it.
Auto-correlation | 0.81 |
Very good predictability
Horizen has very good predictability. Overlapping area represents the amount of predictability between Horizen time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th 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 Horizen price movement. The serial correlation of 0.81 indicates that around 81.0% of current Horizen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
Horizen lagged returns against current returns
Autocorrelation, which is Horizen 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 Horizen's crypto coin expected returns. We can calculate the autocorrelation of Horizen returns to help us make a trade decision. For example, suppose you find that Horizen 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 |
Horizen 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 Horizen crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizen crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizen crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Horizen Lagged Returns
When evaluating Horizen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizen crypto coin have on its future price. Horizen 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, Horizen autocorrelation shows the relationship between Horizen crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Horizen.
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 Horizen offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Horizen'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 Horizen Crypto.Check out Horizen Correlation, Horizen Volatility and Investing Opportunities module to complement your research on Horizen. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Horizen 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.