NAS Market Value
| NAS Crypto | USD 0.01 0.000003 0.04% |
| Symbol | NAS |
NAS '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 NAS'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 NAS.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in NAS on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding NAS or generate 0.0% return on investment in NAS over 180 days. NAS is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and TRON. NAS is peer-to-peer digital currency powered by the Blockchain technology.
NAS 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 NAS'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 NAS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.12 | |||
| Information Ratio | 0.0322 | |||
| Maximum Drawdown | 40.35 | |||
| Value At Risk | (9.66) | |||
| Potential Upside | 15.71 |
NAS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NAS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NAS's standard deviation. In reality, there are many statistical measures that can use NAS historical prices to predict the future NAS's volatility.| Risk Adjusted Performance | 0.0427 | |||
| Jensen Alpha | 0.3226 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | 0.0343 | |||
| Treynor Ratio | 4.15 |
NAS Backtested Returns
NAS appears to be unreasonably risky, given 3 months investment horizon. NAS has Sharpe Ratio of 0.0495, which conveys that digital coin had a 0.0495% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for NAS, which you can use to evaluate the volatility of coin. Please exercise NAS's downside deviation of 7.12, and Mean Deviation of 5.41 to check out if our risk estimates are consistent with your expectations. The entity secures a Beta (Market Risk) of 0.0794, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NAS's returns are expected to increase less than the market. However, during the bear market, the loss of holding NAS is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
NAS has below average predictability. Overlapping area represents the amount of predictability between NAS time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 NAS price movement. The serial correlation of 0.36 indicates that just about 36.0% of current NAS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NAS lagged returns against current returns
Autocorrelation, which is NAS 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 NAS's crypto coin expected returns. We can calculate the autocorrelation of NAS returns to help us make a trade decision. For example, suppose you find that NAS 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 |
NAS 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 NAS crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NAS crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NAS crypto coin over time.
Current vs Lagged Prices |
| Timeline |
NAS Lagged Returns
When evaluating NAS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NAS crypto coin have on its future price. NAS 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, NAS autocorrelation shows the relationship between NAS crypto coin current value and its past values and can show if there is a momentum factor associated with investing in NAS.
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 NAS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NAS'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 Nas Crypto.Check out NAS Correlation, NAS Volatility and Investing Opportunities module to complement your research on NAS. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
NAS 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.