ZkSync Market Value
| ZK Crypto | USD 0.07 0 6.75% |
| Symbol | ZkSync |
ZkSync '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 ZkSync'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 ZkSync.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in ZkSync on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding zkSync or generate 0.0% return on investment in ZkSync over 90 days. ZkSync is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, and DIA. zkSync is peer-to-peer digital currency powered by the Blockchain technology.
ZkSync 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 ZkSync'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 zkSync upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 44.96 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 10.0 |
ZkSync Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZkSync's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZkSync's standard deviation. In reality, there are many statistical measures that can use ZkSync historical prices to predict the future ZkSync's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (1.48) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.7959 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZkSync'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.
zkSync Backtested Returns
zkSync shows Sharpe Ratio of -0.17, which attests that digital coin had a -0.17 % return per unit of risk over the last 3 months. zkSync exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZkSync's Market Risk Adjusted Performance of 0.8059, standard deviation of 7.48, and Mean Deviation of 5.6 to validate the risk estimate we provide. The entity maintains a market beta of -1.64, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ZkSync are expected to decrease by larger amounts. On the other hand, during market turmoil, ZkSync is expected to outperform it.
Auto-correlation | 0.79 |
Good predictability
zkSync has good predictability. Overlapping area represents the amount of predictability between ZkSync time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 zkSync price movement. The serial correlation of 0.79 indicates that around 79.0% of current ZkSync price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
zkSync lagged returns against current returns
Autocorrelation, which is ZkSync 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 ZkSync's crypto coin expected returns. We can calculate the autocorrelation of ZkSync returns to help us make a trade decision. For example, suppose you find that ZkSync 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 |
ZkSync 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 ZkSync crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZkSync crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZkSync crypto coin over time.
Current vs Lagged Prices |
| Timeline |
ZkSync Lagged Returns
When evaluating ZkSync's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZkSync crypto coin have on its future price. ZkSync 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, ZkSync autocorrelation shows the relationship between ZkSync crypto coin current value and its past values and can show if there is a momentum factor associated with investing in zkSync.
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 zkSync offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ZkSync'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 Zksync Crypto.Check out ZkSync Correlation, ZkSync Volatility and Investing Opportunities module to complement your research on ZkSync. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
ZkSync 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.