EGold Market Value
| EGLD Crypto | USD 35.98 1.86 5.45% |
| Symbol | EGold |
EGold '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 EGold'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 EGold.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in EGold on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding eGold or generate 0.0% return on investment in EGold over 30 days. EGold is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. eGold is peer-to-peer digital currency powered by the Blockchain technology.
EGold 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 EGold'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 eGold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.2 | |||
| Information Ratio | 0.0318 | |||
| Maximum Drawdown | 22.36 | |||
| Value At Risk | (8.44) | |||
| Potential Upside | 8.66 |
EGold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EGold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EGold's standard deviation. In reality, there are many statistical measures that can use EGold historical prices to predict the future EGold's volatility.| Risk Adjusted Performance | 0.0527 | |||
| Jensen Alpha | 0.1526 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.0308 | |||
| Treynor Ratio | 0.2642 |
eGold Backtested Returns
EGold appears to be very risky, given 3 months investment horizon. eGold secures Sharpe Ratio (or Efficiency) of 0.1, which denotes digital coin had a 0.1% return per unit of risk over the last 3 months. By inspecting EGold's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize EGold's Semi Deviation of 4.93, risk adjusted performance of 0.0527, and Downside Deviation of 5.2 to check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 1.06, which means a somewhat significant risk relative to the market. EGold returns are very sensitive to returns on the market. As the market goes up or down, EGold is expected to follow.
Auto-correlation | 0.80 |
Very good predictability
eGold has very good predictability. Overlapping area represents the amount of predictability between EGold time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 eGold price movement. The serial correlation of 0.8 indicates that around 80.0% of current EGold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 7.08 |
eGold lagged returns against current returns
Autocorrelation, which is EGold 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 EGold's crypto coin expected returns. We can calculate the autocorrelation of EGold returns to help us make a trade decision. For example, suppose you find that EGold 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 |
EGold 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 EGold crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EGold crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EGold crypto coin over time.
Current vs Lagged Prices |
| Timeline |
EGold Lagged Returns
When evaluating EGold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EGold crypto coin have on its future price. EGold 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, EGold autocorrelation shows the relationship between EGold crypto coin current value and its past values and can show if there is a momentum factor associated with investing in eGold.
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 eGold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EGold'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 Egold Crypto.Check out EGold Correlation, EGold Volatility and Investing Opportunities module to complement your research on EGold. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
EGold 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.