HPB Market Value
| HPB Crypto | USD 0 0.0003 6.54% |
| Symbol | HPB |
HPB '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 HPB'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 HPB.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in HPB on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding HPB or generate 0.0% return on investment in HPB over 360 days. HPB is related to or competes with Sui, Staked Ether, Toncoin, Worldcoin, Chainlink, Wrapped Bitcoin, and Aptos. HPB is peer-to-peer digital currency powered by the Blockchain technology.
HPB 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 HPB'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 HPB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.01 | |||
| Information Ratio | 0.105 | |||
| Maximum Drawdown | 396.4 | |||
| Value At Risk | (21.48) | |||
| Potential Upside | 19.02 |
HPB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HPB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HPB's standard deviation. In reality, there are many statistical measures that can use HPB historical prices to predict the future HPB's volatility.| Risk Adjusted Performance | 0.0925 | |||
| Jensen Alpha | 4.16 | |||
| Total Risk Alpha | (2.38) | |||
| Sortino Ratio | 0.4178 | |||
| Treynor Ratio | 0.6365 |
HPB Backtested Returns
HPB is abnormally risky given 3 months investment horizon. HPB retains Efficiency (Sharpe Ratio) of 0.11, which attests that digital coin had a 0.11% return per unit of return volatility over the last 3 months. We have analyzed thirty different technical indicators, which can help you to evaluate if expected returns of 5.13% are justified by taking the suggested risk. Use HPB Semi Deviation of 10.64, downside deviation of 12.01, and Market Risk Adjusted Performance of 0.6465 to evaluate coin specific risk that cannot be diversified away. The crypto owns a Beta (Systematic Risk) of 8.07, which attests to 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, HPB will likely underperform.
Auto-correlation | -0.01 |
Very weak reverse predictability
HPB has very weak reverse predictability. Overlapping area represents the amount of predictability between HPB time series from 1st of December 2023 to 29th of May 2024 and 29th of May 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 HPB price movement. The serial correlation of -0.01 indicates that just 1.0% of current HPB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HPB lagged returns against current returns
Autocorrelation, which is HPB 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 HPB's crypto coin expected returns. We can calculate the autocorrelation of HPB returns to help us make a trade decision. For example, suppose you find that HPB 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 |
HPB 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 HPB crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HPB crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HPB crypto coin over time.
Current vs Lagged Prices |
| Timeline |
HPB Lagged Returns
When evaluating HPB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HPB crypto coin have on its future price. HPB 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, HPB autocorrelation shows the relationship between HPB crypto coin current value and its past values and can show if there is a momentum factor associated with investing in HPB.
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 HPB offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HPB'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 Hpb Crypto.Check out HPB Correlation, HPB Volatility and Investing Opportunities module to complement your research on HPB. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
HPB 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.