NANO Market Value
| NANO Crypto | USD 1.07 0.14 11.57% |
| Symbol | NANO |
NANO '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 NANO'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 NANO.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in NANO on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding NANO or generate 0.0% return on investment in NANO over 390 days. NANO is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. NANO is peer-to-peer digital currency powered by the Blockchain technology.
NANO 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 NANO'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 NANO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.83 | |||
| Information Ratio | 0.0064 | |||
| Maximum Drawdown | 18.99 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 7.5 |
NANO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NANO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NANO's standard deviation. In reality, there are many statistical measures that can use NANO historical prices to predict the future NANO's volatility.| Risk Adjusted Performance | 0.0374 | |||
| Jensen Alpha | 0.1371 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | 0.0055 | |||
| Treynor Ratio | 1.75 |
NANO Backtested Returns
NANO appears to be very risky, given 3 months investment horizon. NANO has Sharpe Ratio of 0.0892, which conveys that digital coin had a 0.0892% return per unit of volatility over the last 3 months. We have found thirty technical indicators for NANO, which you can use to evaluate the volatility of coin. Please exercise NANO's Mean Deviation of 2.99, downside deviation of 4.83, and Market Risk Adjusted Performance of 1.76 to check out if our risk estimates are consistent with your expectations. The entity secures a Beta (Market Risk) of 0.0841, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NANO's returns are expected to increase less than the market. However, during the bear market, the loss of holding NANO is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
NANO has no correlation between past and present. Overlapping area represents the amount of predictability between NANO time series from 31st of October 2023 to 13th of May 2024 and 13th 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 NANO price movement. The serial correlation of 0.0 indicates that just 0.0% of current NANO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NANO lagged returns against current returns
Autocorrelation, which is NANO 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 NANO's crypto coin expected returns. We can calculate the autocorrelation of NANO returns to help us make a trade decision. For example, suppose you find that NANO 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 |
NANO 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 NANO crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NANO crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NANO crypto coin over time.
Current vs Lagged Prices |
| Timeline |
NANO Lagged Returns
When evaluating NANO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NANO crypto coin have on its future price. NANO 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, NANO autocorrelation shows the relationship between NANO crypto coin current value and its past values and can show if there is a momentum factor associated with investing in NANO.
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 NANO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NANO'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 Nano Crypto.Check out NANO Correlation, NANO Volatility and Investing Opportunities module to complement your research on NANO. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
NANO 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.