HOT Market Value
| HOT Crypto | USD 0 0.000006 0.28% |
| Symbol | HOT |
HOT '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 HOT'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 HOT.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in HOT on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding HOT or generate 0.0% return on investment in HOT over 30 days. HOT is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. HOT is peer-to-peer digital currency powered by the Blockchain technology.
HOT 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 HOT'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 HOT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.54 | |||
| Information Ratio | 0.0534 | |||
| Maximum Drawdown | 31.87 | |||
| Value At Risk | (6.26) | |||
| Potential Upside | 12.49 |
HOT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HOT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HOT's standard deviation. In reality, there are many statistical measures that can use HOT historical prices to predict the future HOT's volatility.| Risk Adjusted Performance | 0.0636 | |||
| Jensen Alpha | 0.3523 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0566 | |||
| Treynor Ratio | 0.6789 |
HOT Backtested Returns
HOT appears to be extremely risky, given 3 months investment horizon. HOT holds Efficiency (Sharpe) Ratio of 0.089, which attests that digital coin had a 0.089% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for HOT, which you can use to evaluate the volatility of coin. Please utilize HOT's market risk adjusted performance of 0.6889, and Risk Adjusted Performance of 0.0636 to validate if our risk estimates are consistent with your expectations. The crypto retains a Market Volatility (i.e., Beta) of 0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HOT's returns are expected to increase less than the market. However, during the bear market, the loss of holding HOT is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
HOT has very weak predictability. Overlapping area represents the amount of predictability between HOT time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 HOT price movement. The serial correlation of 0.16 indicates that over 16.0% of current HOT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HOT lagged returns against current returns
Autocorrelation, which is HOT 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 HOT's crypto coin expected returns. We can calculate the autocorrelation of HOT returns to help us make a trade decision. For example, suppose you find that HOT 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 |
HOT 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 HOT crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HOT crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HOT crypto coin over time.
Current vs Lagged Prices |
| Timeline |
HOT Lagged Returns
When evaluating HOT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HOT crypto coin have on its future price. HOT 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, HOT autocorrelation shows the relationship between HOT crypto coin current value and its past values and can show if there is a momentum factor associated with investing in HOT.
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 HOT offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HOT'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 Hot Crypto.Check out HOT Correlation, HOT Volatility and Investing Opportunities module to complement your research on HOT. 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.
HOT 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.