Ondo Market Value
| ONDO Crypto | USD 1.01 0.04 4.12% |
| Symbol | Ondo |
Ondo '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 Ondo'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 Ondo.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ondo on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ondo or generate 0.0% return on investment in Ondo over 30 days. Ondo is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. Ondo is peer-to-peer digital currency powered by the Blockchain technology.
Ondo 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 Ondo'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 Ondo upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.22 | |||
| Information Ratio | 0.076 | |||
| Maximum Drawdown | 25.93 | |||
| Value At Risk | (7.94) | |||
| Potential Upside | 13.64 |
Ondo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ondo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ondo's standard deviation. In reality, there are many statistical measures that can use Ondo historical prices to predict the future Ondo's volatility.| Risk Adjusted Performance | 0.0805 | |||
| Jensen Alpha | 0.491 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0878 | |||
| Treynor Ratio | 0.836 |
Ondo Backtested Returns
Ondo appears to be unusually risky, given 3 months investment horizon. Ondo maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies digital coin had a 0.14% return per unit of risk over the last 3 months. By analyzing Ondo's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please evaluate Ondo's Coefficient Of Variation of 1062.51, semi deviation of 4.57, and Risk Adjusted Performance of 0.0805 to confirm if our risk estimates are consistent with your expectations. The crypto holds a Beta of 0.67, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ondo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ondo is expected to be smaller as well.
Auto-correlation | -0.24 |
Weak reverse predictability
Ondo has weak reverse predictability. Overlapping area represents the amount of predictability between Ondo time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Ondo price movement. The serial correlation of -0.24 indicates that over 24.0% of current Ondo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ondo lagged returns against current returns
Autocorrelation, which is Ondo 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 Ondo's crypto coin expected returns. We can calculate the autocorrelation of Ondo returns to help us make a trade decision. For example, suppose you find that Ondo 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 |
Ondo 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 Ondo crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ondo crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ondo crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Ondo Lagged Returns
When evaluating Ondo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ondo crypto coin have on its future price. Ondo 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, Ondo autocorrelation shows the relationship between Ondo crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Ondo.
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 Ondo offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ondo'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 Ondo Crypto.Check out Ondo Correlation, Ondo Volatility and Investing Opportunities module to complement your research on Ondo. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Ondo 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.