Enjin Coin Market Value
| ENJ Crypto | USD 0.11 0.01 8.33% |
| Symbol | Enjin |
Enjin Coin '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 Enjin Coin'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 Enjin Coin.
| 01/14/2024 |
| 02/07/2025 |
If you would invest 0.00 in Enjin Coin on January 14, 2024 and sell it all today you would earn a total of 0.00 from holding Enjin Coin or generate 0.0% return on investment in Enjin Coin over 390 days. Enjin Coin is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, Tokocrypto, and DIA. Enjin Coin is peer-to-peer digital currency powered by the Blockchain technology.
Enjin Coin 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 Enjin Coin'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 Enjin Coin upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 43.07 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 12.5 |
Enjin Coin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enjin Coin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enjin Coin's standard deviation. In reality, there are many statistical measures that can use Enjin Coin historical prices to predict the future Enjin Coin's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | (0.17) |
Enjin Coin Backtested Returns
Enjin Coin secures Sharpe Ratio (or Efficiency) of -0.0455, which denotes digital coin had a -0.0455 % return per unit of risk over the last 3 months. Enjin Coin exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enjin Coin's Variance of 62.76, mean deviation of 6.15, and Standard Deviation of 7.92 to check the risk estimate we provide. The crypto shows a Beta (market volatility) of 0.98, which means possible diversification benefits within a given portfolio. Enjin Coin returns are very sensitive to returns on the market. As the market goes up or down, Enjin Coin is expected to follow.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Enjin Coin has insignificant reverse predictability. Overlapping area represents the amount of predictability between Enjin Coin time series from 14th of January 2024 to 27th of July 2024 and 27th of July 2024 to 7th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Enjin Coin price movement. The serial correlation of -0.17 indicates that over 17.0% of current Enjin Coin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Enjin Coin lagged returns against current returns
Autocorrelation, which is Enjin Coin 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 Enjin Coin's crypto coin expected returns. We can calculate the autocorrelation of Enjin Coin returns to help us make a trade decision. For example, suppose you find that Enjin Coin 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 |
Enjin Coin 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 Enjin Coin crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enjin Coin crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enjin Coin crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Enjin Coin Lagged Returns
When evaluating Enjin Coin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enjin Coin crypto coin have on its future price. Enjin Coin 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, Enjin Coin autocorrelation shows the relationship between Enjin Coin crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Enjin Coin.
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 Enjin Coin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enjin Coin'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 Enjin Coin Crypto.Check out Enjin Coin Correlation, Enjin Coin Volatility and Investing Opportunities module to complement your research on Enjin Coin. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Enjin Coin 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.