Axelar Market Value
| AXL Crypto | USD 0.92 0.01 1.10% |
| Symbol | Axelar |
Axelar '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 Axelar'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 Axelar.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Axelar on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Axelar or generate 0.0% return on investment in Axelar over 60 days. Axelar is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. Axelar is peer-to-peer digital currency powered by the Blockchain technology.
Axelar 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 Axelar'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 Axelar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.89 | |||
| Information Ratio | 0.1242 | |||
| Maximum Drawdown | 37.99 | |||
| Value At Risk | (7.79) | |||
| Potential Upside | 14.71 |
Axelar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axelar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axelar's standard deviation. In reality, there are many statistical measures that can use Axelar historical prices to predict the future Axelar's volatility.| Risk Adjusted Performance | 0.1173 | |||
| Jensen Alpha | 0.9781 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.154 | |||
| Treynor Ratio | 2.63 |
Axelar Backtested Returns
Axelar is unreasonably risky given 3 months investment horizon. Axelar secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that digital coin had a 0.15% return per unit of standard deviation over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.13% are justified by taking the suggested risk. Use Axelar risk adjusted performance of 0.1173, and Mean Deviation of 5.17 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Axelar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Axelar is expected to be smaller as well.
Auto-correlation | 0.14 |
Insignificant predictability
Axelar has insignificant predictability. Overlapping area represents the amount of predictability between Axelar time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Axelar price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Axelar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Axelar lagged returns against current returns
Autocorrelation, which is Axelar 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 Axelar's crypto coin expected returns. We can calculate the autocorrelation of Axelar returns to help us make a trade decision. For example, suppose you find that Axelar 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 |
Axelar 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 Axelar crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axelar crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axelar crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Axelar Lagged Returns
When evaluating Axelar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axelar crypto coin have on its future price. Axelar 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, Axelar autocorrelation shows the relationship between Axelar crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Axelar.
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 Axelar offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Axelar'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 Axelar Crypto.Check out Axelar Correlation, Axelar Volatility and Investing Opportunities module to complement your research on Axelar. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Axelar 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.