Dogecoin Market Value
| DOGE Crypto | USD 0.39 0.01 2.63% |
| Symbol | Dogecoin |
Dogecoin '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 Dogecoin'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 Dogecoin.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Dogecoin on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Dogecoin or generate 0.0% return on investment in Dogecoin over 30 days. Dogecoin is related to or competes with Staked Ether, Cronos, Wrapped Bitcoin, XMR, Tether, Chainlink, and USD Coin. Dogecoin is peer-to-peer digital currency powered by the Blockchain technology.
Dogecoin 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 Dogecoin'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 Dogecoin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.3 | |||
| Information Ratio | 0.2082 | |||
| Maximum Drawdown | 82.73 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Dogecoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dogecoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dogecoin's standard deviation. In reality, there are many statistical measures that can use Dogecoin historical prices to predict the future Dogecoin's volatility.| Risk Adjusted Performance | 0.1757 | |||
| Jensen Alpha | 2.29 | |||
| Total Risk Alpha | 0.9584 | |||
| Sortino Ratio | 0.2771 | |||
| Treynor Ratio | 2.21 |
Dogecoin Backtested Returns
Dogecoin is abnormally risky given 3 months investment horizon. Dogecoin secures Sharpe Ratio (or Efficiency) of 0.24, which denotes digital coin had a 0.24% return per unit of risk over the last 3 months. We were able to break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.6% are justified by taking the suggested risk. Use Dogecoin Mean Deviation of 6.06, coefficient of variation of 458.4, and Downside Deviation of 8.3 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 1.09, which means a somewhat significant risk relative to the market. Dogecoin returns are very sensitive to returns on the market. As the market goes up or down, Dogecoin is expected to follow.
Auto-correlation | 0.68 |
Good predictability
Dogecoin has good predictability. Overlapping area represents the amount of predictability between Dogecoin 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 Dogecoin price movement. The serial correlation of 0.68 indicates that around 68.0% of current Dogecoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dogecoin lagged returns against current returns
Autocorrelation, which is Dogecoin 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 Dogecoin's crypto coin expected returns. We can calculate the autocorrelation of Dogecoin returns to help us make a trade decision. For example, suppose you find that Dogecoin 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 |
Dogecoin 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 Dogecoin crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dogecoin crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dogecoin crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Dogecoin Lagged Returns
When evaluating Dogecoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dogecoin crypto coin have on its future price. Dogecoin 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, Dogecoin autocorrelation shows the relationship between Dogecoin crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Dogecoin.
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 Dogecoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dogecoin'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 Dogecoin Crypto.Check out Dogecoin Correlation, Dogecoin Volatility and Investing Opportunities module to complement your research on Dogecoin. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Dogecoin 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.