JOE Market Value
| JOE Crypto | USD 0.44 0.01 2.22% |
| Symbol | JOE |
JOE '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 JOE'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 JOE.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in JOE on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding JOE or generate 0.0% return on investment in JOE over 360 days. JOE is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. JOE is peer-to-peer digital currency powered by the Blockchain technology.
JOE 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 JOE'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 JOE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.95 | |||
| Information Ratio | 0.0509 | |||
| Maximum Drawdown | 28.72 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 8.82 |
JOE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JOE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JOE's standard deviation. In reality, there are many statistical measures that can use JOE historical prices to predict the future JOE's volatility.| Risk Adjusted Performance | 0.066 | |||
| Jensen Alpha | 0.2859 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.0469 | |||
| Treynor Ratio | 0.4235 |
JOE Backtested Returns
JOE appears to be extremely risky, given 3 months investment horizon. JOE holds 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. By examining JOE's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize JOE's Market Risk Adjusted Performance of 0.4335, semi deviation of 4.58, and Risk Adjusted Performance of 0.066 to validate if our risk estimates are consistent with your expectations. The crypto retains a Market Volatility (i.e., Beta) of 0.94, which attests to possible diversification benefits within a given portfolio. JOE returns are very sensitive to returns on the market. As the market goes up or down, JOE is expected to follow.
Auto-correlation | -0.32 |
Poor reverse predictability
JOE has poor reverse predictability. Overlapping area represents the amount of predictability between JOE 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 JOE price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current JOE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
JOE lagged returns against current returns
Autocorrelation, which is JOE 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 JOE's crypto coin expected returns. We can calculate the autocorrelation of JOE returns to help us make a trade decision. For example, suppose you find that JOE 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 |
JOE 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 JOE crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JOE crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JOE crypto coin over time.
Current vs Lagged Prices |
| Timeline |
JOE Lagged Returns
When evaluating JOE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JOE crypto coin have on its future price. JOE 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, JOE autocorrelation shows the relationship between JOE crypto coin current value and its past values and can show if there is a momentum factor associated with investing in JOE.
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 JOE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of JOE'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 Joe Crypto.Check out JOE Correlation, JOE Volatility and Investing Opportunities module to complement your research on JOE. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
JOE 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.