Core Market Value
| CORE Crypto | USD 1.07 0.01 0.93% |
| Symbol | Core |
Core '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 Core'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 Core.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Core on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Core or generate 0.0% return on investment in Core over 720 days. Core is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. Core is peer-to-peer digital currency powered by the Blockchain technology.
Core 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 Core'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 Core upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.46 | |||
| Information Ratio | 0.0262 | |||
| Maximum Drawdown | 34.77 | |||
| Value At Risk | (6.32) | |||
| Potential Upside | 10.98 |
Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Core's standard deviation. In reality, there are many statistical measures that can use Core historical prices to predict the future Core's volatility.| Risk Adjusted Performance | 0.0458 | |||
| Jensen Alpha | 0.1268 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | 0.027 | |||
| Treynor Ratio | 0.2232 |
Core Backtested Returns
Core appears to be unusually risky, given 3 months investment horizon. Core secures Sharpe Ratio (or Efficiency) of 0.063, which signifies that digital coin had a 0.063% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Core, which you can use to evaluate the volatility of coin. Please makes use of Core's Risk Adjusted Performance of 0.0458, mean deviation of 3.82, and Downside Deviation of 5.46 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 1.18, which signifies 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, Core will likely underperform.
Auto-correlation | -0.09 |
Very weak reverse predictability
Core has very weak reverse predictability. Overlapping area represents the amount of predictability between Core time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Core price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Core lagged returns against current returns
Autocorrelation, which is Core 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 Core's crypto coin expected returns. We can calculate the autocorrelation of Core returns to help us make a trade decision. For example, suppose you find that Core 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 |
Core 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 Core crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Core crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Core crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Core Lagged Returns
When evaluating Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Core crypto coin have on its future price. Core 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, Core autocorrelation shows the relationship between Core crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Core.
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 Core offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Core'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 Core Crypto.Check out Core Correlation, Core Volatility and Investing Opportunities module to complement your research on Core. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Core 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.