Altlayer Market Value
| ALT Crypto | USD 0.10 0.01 9.09% |
| Symbol | Altlayer |
Altlayer '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 Altlayer'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 Altlayer.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Altlayer on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Altlayer or generate 0.0% return on investment in Altlayer over 720 days. Altlayer is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and TRON. Altlayer is peer-to-peer digital currency powered by the Blockchain technology.
Altlayer 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 Altlayer'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 Altlayer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.11 | |||
| Information Ratio | 0.039 | |||
| Maximum Drawdown | 46.96 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Altlayer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altlayer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altlayer's standard deviation. In reality, there are many statistical measures that can use Altlayer historical prices to predict the future Altlayer's volatility.| Risk Adjusted Performance | 0.0473 | |||
| Jensen Alpha | 0.3263 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.0389 | |||
| Treynor Ratio | 0.4572 |
Altlayer Backtested Returns
Altlayer appears to be exceptionally volatile, given 3 months investment horizon. Altlayer secures Sharpe Ratio (or Efficiency) of 0.0378, which signifies that digital coin had a 0.0378% return per unit of risk over the last 3 months. We have found thirty technical indicators for Altlayer, which you can use to evaluate the volatility of coin. Please makes use of Altlayer's Risk Adjusted Performance of 0.0473, downside deviation of 8.11, and Mean Deviation of 5.06 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.88, which signifies possible diversification benefits within a given portfolio. Altlayer returns are very sensitive to returns on the market. As the market goes up or down, Altlayer is expected to follow.
Auto-correlation | 0.00 |
No correlation between past and present
Altlayer has no correlation between past and present. Overlapping area represents the amount of predictability between Altlayer time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Altlayer price movement. The serial correlation of 0.0 indicates that just 0.0% of current Altlayer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Altlayer lagged returns against current returns
Autocorrelation, which is Altlayer 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 Altlayer's crypto coin expected returns. We can calculate the autocorrelation of Altlayer returns to help us make a trade decision. For example, suppose you find that Altlayer 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 |
Altlayer 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 Altlayer crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altlayer crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altlayer crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Altlayer Lagged Returns
When evaluating Altlayer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altlayer crypto coin have on its future price. Altlayer 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, Altlayer autocorrelation shows the relationship between Altlayer crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Altlayer.
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 Altlayer offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Altlayer'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 Altlayer Crypto.Check out Altlayer Correlation, Altlayer Volatility and Investing Opportunities module to complement your research on Altlayer. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Altlayer 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.