Fantom Market Value
| FTM Crypto | USD 0.71 0.05 7.58% |
| Symbol | Fantom |
Fantom '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 Fantom'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 Fantom.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Fantom on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Fantom or generate 0.0% return on investment in Fantom over 360 days. Fantom is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. Fantom is peer-to-peer digital currency powered by the Blockchain technology.
Fantom 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 Fantom'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 Fantom upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.36 | |||
| Information Ratio | 0.0873 | |||
| Maximum Drawdown | 38.35 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 12.5 |
Fantom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fantom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fantom's standard deviation. In reality, there are many statistical measures that can use Fantom historical prices to predict the future Fantom's volatility.| Risk Adjusted Performance | 0.0869 | |||
| Jensen Alpha | 0.6075 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.1202 | |||
| Treynor Ratio | 0.5425 |
Fantom Backtested Returns
Fantom appears to be unreasonably risky, given 3 months investment horizon. Fantom secures Sharpe Ratio (or Efficiency) of 0.14, which denotes digital coin had a 0.14% return per unit of risk over the last 3 months. By reviewing Fantom's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please utilize Fantom's Mean Deviation of 5.38, coefficient of variation of 978.95, and Downside Deviation of 5.36 to check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 1.37, 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, Fantom will likely underperform.
Auto-correlation | -1 |
Near perfect reversele predictability
Fantom has near perfect reversele predictability. Overlapping area represents the amount of predictability between Fantom time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Fantom price movement. The serial correlation of -1.0 indicates that 100.0% of current Fantom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -1.0 | |
| Spearman Rank Test | -1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fantom lagged returns against current returns
Autocorrelation, which is Fantom 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 Fantom's crypto coin expected returns. We can calculate the autocorrelation of Fantom returns to help us make a trade decision. For example, suppose you find that Fantom 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 |
Fantom 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 Fantom crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fantom crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fantom crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Fantom Lagged Returns
When evaluating Fantom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fantom crypto coin have on its future price. Fantom 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, Fantom autocorrelation shows the relationship between Fantom crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Fantom.
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 Fantom offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fantom'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 Fantom Crypto.Check out Fantom Correlation, Fantom Volatility and Investing Opportunities module to complement your research on Fantom. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Fantom 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.