EMC2 Market Value
| EMC2 Crypto | USD 0.0005 0.000049 10.21% |
| Symbol | EMC2 |
EMC2 '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 EMC2'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 EMC2.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in EMC2 on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding EMC2 or generate 0.0% return on investment in EMC2 over 30 days. EMC2 is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. EMC2 is peer-to-peer digital currency powered by the Blockchain technology.
EMC2 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 EMC2'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 EMC2 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | 0.2306 | |||
| Maximum Drawdown | 20.51 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 8.66 |
EMC2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EMC2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EMC2's standard deviation. In reality, there are many statistical measures that can use EMC2 historical prices to predict the future EMC2's volatility.| Risk Adjusted Performance | 0.2118 | |||
| Jensen Alpha | 0.8851 | |||
| Total Risk Alpha | 0.3974 | |||
| Sortino Ratio | 0.2984 | |||
| Treynor Ratio | 2.53 |
EMC2 Backtested Returns
EMC2 appears to be very volatile, given 3 months investment horizon. EMC2 retains Efficiency (Sharpe Ratio) of 0.27, which denotes digital coin had a 0.27% return per unit of risk over the last 3 months. By reviewing EMC2's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please utilize EMC2's Coefficient Of Variation of 375.58, downside deviation of 2.72, and Market Risk Adjusted Performance of 2.54 to check if our risk estimates are consistent with your expectations. The crypto owns a Beta (Systematic Risk) of 0.37, which means possible diversification benefits within a given portfolio. As returns on the market increase, EMC2's returns are expected to increase less than the market. However, during the bear market, the loss of holding EMC2 is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
EMC2 has good predictability. Overlapping area represents the amount of predictability between EMC2 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 EMC2 price movement. The serial correlation of 0.78 indicates that around 78.0% of current EMC2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EMC2 lagged returns against current returns
Autocorrelation, which is EMC2 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 EMC2's crypto coin expected returns. We can calculate the autocorrelation of EMC2 returns to help us make a trade decision. For example, suppose you find that EMC2 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 |
EMC2 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 EMC2 crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EMC2 crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EMC2 crypto coin over time.
Current vs Lagged Prices |
| Timeline |
EMC2 Lagged Returns
When evaluating EMC2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EMC2 crypto coin have on its future price. EMC2 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, EMC2 autocorrelation shows the relationship between EMC2 crypto coin current value and its past values and can show if there is a momentum factor associated with investing in EMC2.
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 EMC2 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EMC2'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 Emc2 Crypto.Check out EMC2 Correlation, EMC2 Volatility and Investing Opportunities module to complement your research on EMC2. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
EMC2 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.