MDA Market Value
| MDA Crypto | USD 0.01 0 11.13% |
| Symbol | MDA |
MDA '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 MDA'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 MDA.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in MDA on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding MDA or generate 0.0% return on investment in MDA over 360 days. MDA is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. MDA is peer-to-peer digital currency powered by the Blockchain technology.
MDA 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 MDA'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 MDA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.55 | |||
| Information Ratio | 0.0908 | |||
| Maximum Drawdown | 83.16 | |||
| Value At Risk | (20.16) | |||
| Potential Upside | 27.29 |
MDA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MDA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MDA's standard deviation. In reality, there are many statistical measures that can use MDA historical prices to predict the future MDA's volatility.| Risk Adjusted Performance | 0.0866 | |||
| Jensen Alpha | 1.17 | |||
| Total Risk Alpha | (0.78) | |||
| Sortino Ratio | 0.0841 | |||
| Treynor Ratio | 0.9378 |
MDA Backtested Returns
MDA appears to be abnormally risky, given 3 months investment horizon. MDA retains Efficiency (Sharpe Ratio) of 0.0601, which conveys that digital coin had a 0.0601% return per unit of return volatility over the last 3 months. By inspecting MDA's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please exercise MDA's Market Risk Adjusted Performance of 0.9478, downside deviation of 14.55, and Mean Deviation of 7.73 to check out if our risk estimates are consistent with your expectations. The crypto owns a Beta (Systematic Risk) of 1.43, which conveys 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, MDA will likely underperform.
Auto-correlation | -0.99 |
Near perfect reversele predictability
MDA has near perfect reversele predictability. Overlapping area represents the amount of predictability between MDA time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 MDA price movement. The serial correlation of -0.99 indicates that 99.0% of current MDA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.99 | |
| Spearman Rank Test | -1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MDA lagged returns against current returns
Autocorrelation, which is MDA 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 MDA's crypto coin expected returns. We can calculate the autocorrelation of MDA returns to help us make a trade decision. For example, suppose you find that MDA 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 |
MDA 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 MDA crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MDA crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MDA crypto coin over time.
Current vs Lagged Prices |
| Timeline |
MDA Lagged Returns
When evaluating MDA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MDA crypto coin have on its future price. MDA 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, MDA autocorrelation shows the relationship between MDA crypto coin current value and its past values and can show if there is a momentum factor associated with investing in MDA.
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 MDA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MDA'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 Mda Crypto.Check out MDA Correlation, MDA Volatility and Investing Opportunities module to complement your research on MDA. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
MDA 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.