Frax Share Market Value
| FXS Crypto | USD 2.64 0.18 7.32% |
| Symbol | Frax |
Frax Share '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 Share'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 Share.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Frax Share on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Frax Share or generate 0.0% return on investment in Frax Share over 660 days. Frax Share is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. Frax Share is peer-to-peer digital currency powered by the Blockchain technology.
Frax Share 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 Share'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 Share upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.67 | |||
| Information Ratio | 0.0427 | |||
| Maximum Drawdown | 23.17 | |||
| Value At Risk | (6.97) | |||
| Potential Upside | 7.32 |
Frax Share Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Frax Share's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Frax Share's standard deviation. In reality, there are many statistical measures that can use Frax Share historical prices to predict the future Frax Share's volatility.| Risk Adjusted Performance | 0.0617 | |||
| Jensen Alpha | 0.173 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.0446 | |||
| Treynor Ratio | 0.2544 |
Frax Share Backtested Returns
Frax Share appears to be very risky, given 3 months investment horizon. Frax Share secures Sharpe Ratio (or Efficiency) of 0.13, which denotes digital coin had a 0.13% return per unit of standard deviation over the last 3 months. By reviewing Frax Share's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Frax Share's Semi Deviation of 4.35, downside deviation of 4.67, and Mean Deviation of 3.72 to check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 1.29, 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, Frax Share will likely underperform.
Auto-correlation | 0.79 |
Good predictability
Frax Share has good predictability. Overlapping area represents the amount of predictability between Frax Share time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 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 Frax Share price movement. The serial correlation of 0.79 indicates that around 79.0% of current Frax Share price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
Frax Share lagged returns against current returns
Autocorrelation, which is Frax Share 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 Share's crypto coin expected returns. We can calculate the autocorrelation of Frax Share returns to help us make a trade decision. For example, suppose you find that Frax Share 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 Share 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 Share crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Frax Share 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 Share crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Frax Share Lagged Returns
When evaluating Frax Share's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Frax Share crypto coin have on its future price. Frax Share 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 Share autocorrelation shows the relationship between Frax Share crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Frax Share.
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 Share offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Frax Share'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 Share Crypto.Check out Frax Share Correlation, Frax Share Volatility and Investing Opportunities module to complement your research on Frax Share. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Frax Share 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.