LUN Market Value
| LUN Crypto | USD 0.02 0.0003 1.44% |
| Symbol | LUN |
LUN '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 LUN'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 LUN.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in LUN on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding LUN or generate 0.0% return on investment in LUN over 270 days. LUN is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. LUN is peer-to-peer digital currency powered by the Blockchain technology.
LUN 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 LUN'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 LUN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.1662 | |||
| Maximum Drawdown | 18.59 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 6.14 |
LUN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LUN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LUN's standard deviation. In reality, there are many statistical measures that can use LUN historical prices to predict the future LUN's volatility.| Risk Adjusted Performance | 0.1651 | |||
| Jensen Alpha | 0.6277 | |||
| Total Risk Alpha | 0.15 | |||
| Sortino Ratio | 0.1798 | |||
| Treynor Ratio | 1.6 |
LUN Backtested Returns
LUN appears to be very volatile, given 3 months investment horizon. LUN has Sharpe Ratio of 0.26, which conveys that digital coin had a 0.26% return per unit of volatility over the last 3 months. By inspecting LUN's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please exercise LUN's mean deviation of 2.16, and Risk Adjusted Performance of 0.1651 to check out if our risk estimates are consistent with your expectations. The crypto secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LUN's returns are expected to increase less than the market. However, during the bear market, the loss of holding LUN is expected to be smaller as well.
Auto-correlation | 0.17 |
Very weak predictability
LUN has very weak predictability. Overlapping area represents the amount of predictability between LUN time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 LUN price movement. The serial correlation of 0.17 indicates that over 17.0% of current LUN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LUN lagged returns against current returns
Autocorrelation, which is LUN 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 LUN's crypto coin expected returns. We can calculate the autocorrelation of LUN returns to help us make a trade decision. For example, suppose you find that LUN 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 |
LUN 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 LUN crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LUN crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LUN crypto coin over time.
Current vs Lagged Prices |
| Timeline |
LUN Lagged Returns
When evaluating LUN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LUN crypto coin have on its future price. LUN 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, LUN autocorrelation shows the relationship between LUN crypto coin current value and its past values and can show if there is a momentum factor associated with investing in LUN.
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 LUN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LUN'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 Lun Crypto.Check out LUN Correlation, LUN Volatility and Investing Opportunities module to complement your research on LUN. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
LUN 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.