SPACE Market Value
| ID Crypto | USD 0.43 0.01 2.38% |
| Symbol | SPACE |
SPACE '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 SPACE'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 SPACE.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in SPACE on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding SPACE or generate 0.0% return on investment in SPACE over 720 days. SPACE is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, TRON, and Avalanche. SPACE is peer-to-peer digital currency powered by the Blockchain technology.
SPACE 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 SPACE'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 SPACE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.18 | |||
| Information Ratio | 0.0359 | |||
| Maximum Drawdown | 23.97 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 7.69 |
SPACE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPACE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPACE's standard deviation. In reality, there are many statistical measures that can use SPACE historical prices to predict the future SPACE's volatility.| Risk Adjusted Performance | 0.0498 | |||
| Jensen Alpha | 0.2548 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0294 | |||
| Treynor Ratio | 1.85 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPACE's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SPACE Backtested Returns
At this point, SPACE is extremely risky. SPACE retains Efficiency (Sharpe Ratio) of 0.0255, which indicates digital coin had a 0.0255% return per unit of risk over the last 3 months. We have found thirty technical indicators for SPACE, which you can use to evaluate the volatility of coin. Please validate SPACE's risk adjusted performance of 0.0498, and Downside Deviation of 6.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity owns a Beta (Systematic Risk) of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPACE's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPACE is expected to be smaller as well.
Auto-correlation | -0.1 |
Very weak reverse predictability
SPACE has very weak reverse predictability. Overlapping area represents the amount of predictability between SPACE time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 SPACE price movement. The serial correlation of -0.1 indicates that less than 10.0% of current SPACE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
SPACE lagged returns against current returns
Autocorrelation, which is SPACE 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 SPACE's crypto coin expected returns. We can calculate the autocorrelation of SPACE returns to help us make a trade decision. For example, suppose you find that SPACE 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 |
SPACE 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 SPACE crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPACE crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPACE crypto coin over time.
Current vs Lagged Prices |
| Timeline |
SPACE Lagged Returns
When evaluating SPACE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPACE crypto coin have on its future price. SPACE 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, SPACE autocorrelation shows the relationship between SPACE crypto coin current value and its past values and can show if there is a momentum factor associated with investing in SPACE.
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 SPACE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPACE'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 Space Crypto.Check out SPACE Correlation, SPACE Volatility and Investing Opportunities module to complement your research on SPACE. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
SPACE 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.