EXPAND Market Value
| EXPAND Crypto | USD 0.0001 0.000035 52.24% |
| Symbol | EXPAND |
EXPAND '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 EXPAND'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 EXPAND.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in EXPAND on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding EXPAND or generate 0.0% return on investment in EXPAND over 30 days. EXPAND is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. EXPAND is peer-to-peer digital currency powered by the Blockchain technology.
EXPAND 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 EXPAND'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 EXPAND upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.36 | |||
| Information Ratio | 0.1351 | |||
| Maximum Drawdown | 98.75 | |||
| Value At Risk | (29.73) | |||
| Potential Upside | 52.08 |
EXPAND Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EXPAND's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EXPAND's standard deviation. In reality, there are many statistical measures that can use EXPAND historical prices to predict the future EXPAND's volatility.| Risk Adjusted Performance | 0.1182 | |||
| Jensen Alpha | 2.53 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.1684 | |||
| Treynor Ratio | 1.01 |
EXPAND Backtested Returns
EXPAND is abnormally risky given 3 months investment horizon. EXPAND secures Sharpe Ratio (or Efficiency) of 0.15, which denotes digital coin had a 0.15% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 18.32% are justified by taking the suggested risk. Use EXPAND Downside Deviation of 16.36, mean deviation of 12.04, and Semi Deviation of 11.38 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 2.84, which means 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, EXPAND will likely underperform.
Auto-correlation | 0.26 |
Poor predictability
EXPAND has poor predictability. Overlapping area represents the amount of predictability between EXPAND 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 EXPAND price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current EXPAND price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EXPAND lagged returns against current returns
Autocorrelation, which is EXPAND 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 EXPAND's crypto coin expected returns. We can calculate the autocorrelation of EXPAND returns to help us make a trade decision. For example, suppose you find that EXPAND 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 |
EXPAND 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 EXPAND crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EXPAND crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EXPAND crypto coin over time.
Current vs Lagged Prices |
| Timeline |
EXPAND Lagged Returns
When evaluating EXPAND's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EXPAND crypto coin have on its future price. EXPAND 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, EXPAND autocorrelation shows the relationship between EXPAND crypto coin current value and its past values and can show if there is a momentum factor associated with investing in EXPAND.
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 EXPAND offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EXPAND'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 Expand Crypto.Check out EXPAND Correlation, EXPAND Volatility and Investing Opportunities module to complement your research on EXPAND. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
EXPAND 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.