Chainlink Market Value
| LINK Crypto | USD 17.28 0.12 0.69% |
| Symbol | Chainlink |
Chainlink '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 Chainlink'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 Chainlink.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Chainlink on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Chainlink or generate 0.0% return on investment in Chainlink over 30 days. Chainlink is related to or competes with Staked Ether, Cronos, Wrapped Bitcoin, XMR, Tether, USD Coin, and FTX Token. Chainlink is peer-to-peer digital currency powered by the Blockchain technology.
Chainlink 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 Chainlink'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 Chainlink upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.9 | |||
| Information Ratio | 0.1063 | |||
| Maximum Drawdown | 20.95 | |||
| Value At Risk | (6.36) | |||
| Potential Upside | 7.28 |
Chainlink Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chainlink's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chainlink's standard deviation. In reality, there are many statistical measures that can use Chainlink historical prices to predict the future Chainlink's volatility.| Risk Adjusted Performance | 0.1113 | |||
| Jensen Alpha | 0.5053 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1019 | |||
| Treynor Ratio | 0.652 |
Chainlink Backtested Returns
Chainlink appears to be very risky, given 3 months investment horizon. Chainlink secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that digital coin had a 0.17% return per unit of standard deviation over the last 3 months. By analyzing Chainlink's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of Chainlink's risk adjusted performance of 0.1113, and Mean Deviation of 3.59 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. Chainlink returns are very sensitive to returns on the market. As the market goes up or down, Chainlink is expected to follow.
Auto-correlation | 0.83 |
Very good predictability
Chainlink has very good predictability. Overlapping area represents the amount of predictability between Chainlink time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Chainlink price movement. The serial correlation of 0.83 indicates that around 83.0% of current Chainlink price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
Chainlink lagged returns against current returns
Autocorrelation, which is Chainlink 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 Chainlink's crypto coin expected returns. We can calculate the autocorrelation of Chainlink returns to help us make a trade decision. For example, suppose you find that Chainlink 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 |
Chainlink 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 Chainlink crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chainlink crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chainlink crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Chainlink Lagged Returns
When evaluating Chainlink's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chainlink crypto coin have on its future price. Chainlink 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, Chainlink autocorrelation shows the relationship between Chainlink crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Chainlink.
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 Chainlink offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Chainlink'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 Chainlink Crypto.Check out Chainlink Correlation, Chainlink Volatility and Investing Opportunities module to complement your research on Chainlink. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Chainlink 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.