MITH Market Value
| MITH Crypto | USD 0.0001 0.000036 36.00% |
| Symbol | MITH |
MITH '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 MITH'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 MITH.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in MITH on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding MITH or generate 0.0% return on investment in MITH over 30 days. MITH is related to or competes with Ethereum, Solana, XRP, Cardano, Sui, Staked Ether, and Toncoin. MITH is peer-to-peer digital currency powered by the Blockchain technology.
MITH 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 MITH'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 MITH upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 42.12 | |||
| Information Ratio | 0.2734 | |||
| Maximum Drawdown | 3944.43 | |||
| Value At Risk | (96.47) | |||
| Potential Upside | 2792.59 |
MITH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MITH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MITH's standard deviation. In reality, there are many statistical measures that can use MITH historical prices to predict the future MITH's volatility.| Risk Adjusted Performance | 0.2198 | |||
| Jensen Alpha | 231.52 | |||
| Total Risk Alpha | 103.08 | |||
| Sortino Ratio | 5.77 | |||
| Treynor Ratio | 2.56 |
MITH Backtested Returns
MITH is abnormally risky given 3 months investment horizon. MITH has Sharpe Ratio of 0.26, which conveys that digital coin had a 0.26% return per unit of standard deviation over the last 3 months. We were able to break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 70.84% are justified by taking the suggested risk. Use MITH Market Risk Adjusted Performance of 2.57, risk adjusted performance of 0.2198, and Mean Deviation of 461.8 to evaluate coin specific risk that cannot be diversified away. The crypto secures a Beta (Market Risk) of 95.0, 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, MITH will likely underperform.
Auto-correlation | 0.53 |
Modest predictability
MITH has modest predictability. Overlapping area represents the amount of predictability between MITH 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 MITH price movement. The serial correlation of 0.53 indicates that about 53.0% of current MITH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MITH lagged returns against current returns
Autocorrelation, which is MITH 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 MITH's crypto coin expected returns. We can calculate the autocorrelation of MITH returns to help us make a trade decision. For example, suppose you find that MITH 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 |
MITH 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 MITH crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MITH crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MITH crypto coin over time.
Current vs Lagged Prices |
| Timeline |
MITH Lagged Returns
When evaluating MITH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MITH crypto coin have on its future price. MITH 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, MITH autocorrelation shows the relationship between MITH crypto coin current value and its past values and can show if there is a momentum factor associated with investing in MITH.
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 MITH offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MITH'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 Mith Crypto.Check out MITH Correlation, MITH Volatility and Investing Opportunities module to complement your research on MITH. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
MITH 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.