Frax Market Value
| FRAX Crypto | USD 1.04 0.02 1.96% |
| Symbol | Frax |
Frax '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 Frax'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 Frax.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Frax on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Frax or generate 0.0% return on investment in Frax over 360 days. Frax is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. Frax is peer-to-peer digital currency powered by the Blockchain technology.
Frax 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 Frax'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 Frax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 13.24 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.09 |
Frax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Frax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Frax's standard deviation. In reality, there are many statistical measures that can use Frax historical prices to predict the future Frax's volatility.| Risk Adjusted Performance | 0.044 | |||
| Jensen Alpha | 0.1158 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (2.13) |
Frax Backtested Returns
At this point, Frax is risky. Frax secures Sharpe Ratio (or Efficiency) of 0.0422, which denotes digital coin had a 0.0422% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Frax, which you can use to evaluate the volatility of coin. Please confirm Frax's Mean Deviation of 1.58, downside deviation of 2.64, and Semi Deviation of 1.73 to check if the risk estimate we provide is consistent with the expected return of 0.1%. The crypto shows a Beta (market volatility) of -0.0515, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Frax are expected to decrease at a much lower rate. During the bear market, Frax is likely to outperform the market.
Auto-correlation | -0.5 |
Modest reverse predictability
Frax has modest reverse predictability. Overlapping area represents the amount of predictability between Frax time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Frax price movement. The serial correlation of -0.5 indicates that about 50.0% of current Frax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Frax lagged returns against current returns
Autocorrelation, which is Frax 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 Frax's crypto coin expected returns. We can calculate the autocorrelation of Frax returns to help us make a trade decision. For example, suppose you find that Frax 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 |
Frax 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 Frax crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Frax crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Frax crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Frax Lagged Returns
When evaluating Frax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Frax crypto coin have on its future price. Frax 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, Frax autocorrelation shows the relationship between Frax crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Frax.
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 Frax offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Frax'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 Frax Crypto.Check out Frax Correlation, Frax Volatility and Investing Opportunities module to complement your research on Frax. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Frax 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.