Nervos Network Market Value
| CKB Crypto | USD 0.02 0.0007 4.83% |
| Symbol | Nervos |
Nervos 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 Nervos 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 Nervos Network.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nervos Network on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nervos Network or generate 0.0% return on investment in Nervos Network over 30 days. Nervos Network is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. Nervos Network is peer-to-peer digital currency powered by the Blockchain technology.
Nervos 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 Nervos 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 Nervos Network upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.83 | |||
| Information Ratio | 0.1313 | |||
| Maximum Drawdown | 68.11 | |||
| Value At Risk | (5.84) | |||
| Potential Upside | 9.92 |
Nervos Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nervos Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nervos Network's standard deviation. In reality, there are many statistical measures that can use Nervos Network historical prices to predict the future Nervos Network's volatility.| Risk Adjusted Performance | 0.1214 | |||
| Jensen Alpha | 0.998 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.2217 | |||
| Treynor Ratio | 0.7268 |
Nervos Network Backtested Returns
Nervos Network is exceptionally volatile given 3 months investment horizon. Nervos Network has Sharpe Ratio of 0.15, which conveys that digital coin had a 0.15% return per unit of risk over the last 3 months. We have analyzed twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use Nervos Network Risk Adjusted Performance of 0.1214, mean deviation of 4.84, and Downside Deviation of 4.83 to evaluate coin specific risk that cannot be diversified away. The crypto secures a Beta (Market Risk) of 1.63, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nervos Network will likely underperform.
Auto-correlation | 0.41 |
Average predictability
Nervos Network has average predictability. Overlapping area represents the amount of predictability between Nervos Network time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Nervos Network price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Nervos Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nervos Network lagged returns against current returns
Autocorrelation, which is Nervos 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 Nervos Network's crypto coin expected returns. We can calculate the autocorrelation of Nervos Network returns to help us make a trade decision. For example, suppose you find that Nervos 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 |
Nervos 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 Nervos Network crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nervos 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 Nervos Network crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Nervos Network Lagged Returns
When evaluating Nervos Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nervos Network crypto coin have on its future price. Nervos 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, Nervos Network autocorrelation shows the relationship between Nervos Network crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Nervos 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 Nervos Network offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nervos 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 Nervos Network Crypto.Check out Nervos Network Correlation, Nervos Network Volatility and Investing Opportunities module to complement your research on Nervos Network. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Nervos 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.