Ankr Network Market Value
| ANKR Crypto | USD 0.03 0.0003 0.88% |
| Symbol | Ankr |
Ankr 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 Ankr 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 Ankr Network.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ankr Network on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ankr Network or generate 0.0% return on investment in Ankr Network over 30 days. Ankr Network is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and TRON. Ankr Network is peer-to-peer digital currency powered by the Blockchain technology.
Ankr 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 Ankr 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 Ankr Network upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.07 | |||
| Information Ratio | 0.0676 | |||
| Maximum Drawdown | 24.85 | |||
| Value At Risk | (7.76) | |||
| Potential Upside | 8.42 |
Ankr Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ankr Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ankr Network's standard deviation. In reality, there are many statistical measures that can use Ankr Network historical prices to predict the future Ankr Network's volatility.| Risk Adjusted Performance | 0.0738 | |||
| Jensen Alpha | 0.3849 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0668 | |||
| Treynor Ratio | 0.9272 |
Ankr Network Backtested Returns
Ankr Network appears to be very risky, given 3 months investment horizon. Ankr Network secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that digital coin had a 0.13% return per unit of risk over the last 3 months. By analyzing Ankr Network's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of Ankr Network's Downside Deviation of 5.07, risk adjusted performance of 0.0738, and Mean Deviation of 3.43 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ankr Network's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ankr Network is expected to be smaller as well.
Auto-correlation | -0.54 |
Good reverse predictability
Ankr Network has good reverse predictability. Overlapping area represents the amount of predictability between Ankr Network time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Ankr Network price movement. The serial correlation of -0.54 indicates that about 54.0% of current Ankr Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ankr Network lagged returns against current returns
Autocorrelation, which is Ankr 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 Ankr Network's crypto coin expected returns. We can calculate the autocorrelation of Ankr Network returns to help us make a trade decision. For example, suppose you find that Ankr 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 |
Ankr 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 Ankr Network crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ankr 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 Ankr Network crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Ankr Network Lagged Returns
When evaluating Ankr Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ankr Network crypto coin have on its future price. Ankr 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, Ankr Network autocorrelation shows the relationship between Ankr Network crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Ankr 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 Ankr Network offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ankr 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 Ankr Network Crypto.Check out Ankr Network Correlation, Ankr Network Volatility and Investing Opportunities module to complement your research on Ankr Network. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Ankr 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.