MORE Market Value
| MORE Crypto | USD 0 0.000012 1.21% |
| Symbol | MORE |
MORE '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 MORE'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 MORE.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in MORE on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding MORE or generate 0.0% return on investment in MORE over 360 days. MORE is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. MORE is peer-to-peer digital currency powered by the Blockchain technology.
MORE 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 MORE'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 MORE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 97.72 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 6.27 |
MORE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MORE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MORE's standard deviation. In reality, there are many statistical measures that can use MORE historical prices to predict the future MORE's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (1.24) | |||
| Total Risk Alpha | (2.61) | |||
| Treynor Ratio | (0.14) |
MORE Backtested Returns
MORE has Sharpe Ratio of -0.0511, which conveys that digital coin had a -0.0511% return per unit of volatility over the last 3 months. MORE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MORE's risk adjusted performance of (0.03), and Mean Deviation of 3.72 to check out the risk estimate we provide. The crypto secures a Beta (Market Risk) of 4.81, 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, MORE will likely underperform.
Auto-correlation | 0.79 |
Good predictability
MORE has good predictability. Overlapping area represents the amount of predictability between MORE 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 MORE price movement. The serial correlation of 0.79 indicates that around 79.0% of current MORE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MORE lagged returns against current returns
Autocorrelation, which is MORE 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 MORE's crypto coin expected returns. We can calculate the autocorrelation of MORE returns to help us make a trade decision. For example, suppose you find that MORE 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 |
MORE 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 MORE crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MORE crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MORE crypto coin over time.
Current vs Lagged Prices |
| Timeline |
MORE Lagged Returns
When evaluating MORE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MORE crypto coin have on its future price. MORE 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, MORE autocorrelation shows the relationship between MORE crypto coin current value and its past values and can show if there is a momentum factor associated with investing in MORE.
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 MORE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MORE'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 More Crypto.Check out MORE Correlation, MORE Volatility and Investing Opportunities module to complement your research on MORE. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
MORE 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.