Harmony Market Value
| ONE Crypto | USD 0.01 0.0001 0.74% |
| Symbol | Harmony |
Harmony '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 Harmony'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 Harmony.
| 01/14/2024 |
| 02/07/2025 |
If you would invest 0.00 in Harmony on January 14, 2024 and sell it all today you would earn a total of 0.00 from holding Harmony or generate 0.0% return on investment in Harmony over 390 days. Harmony is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, Tokocrypto, and DIA. Harmony is peer-to-peer digital currency powered by the Blockchain technology.
Harmony 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 Harmony'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 Harmony upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.62 | |||
| Information Ratio | 0.0504 | |||
| Maximum Drawdown | 50.67 | |||
| Value At Risk | (14.56) | |||
| Potential Upside | 16.3 |
Harmony Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harmony's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harmony's standard deviation. In reality, there are many statistical measures that can use Harmony historical prices to predict the future Harmony's volatility.| Risk Adjusted Performance | 0.0592 | |||
| Jensen Alpha | 0.4695 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.0522 | |||
| Treynor Ratio | 0.4282 |
Harmony Backtested Returns
Harmony appears to be abnormally risky, given 3 months investment horizon. Harmony holds Efficiency (Sharpe) Ratio of 0.0338, which attests that digital coin had a 0.0338 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Harmony, which you can use to evaluate the volatility of coin. Please utilize Harmony's Downside Deviation of 9.62, risk adjusted performance of 0.0592, and Market Risk Adjusted Performance of 0.4382 to validate if our risk estimates are consistent with your expectations. The crypto retains a Market Volatility (i.e., Beta) of 1.38, which attests to 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, Harmony will likely underperform.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Harmony has insignificant reverse predictability. Overlapping area represents the amount of predictability between Harmony time series from 14th of January 2024 to 27th of July 2024 and 27th of July 2024 to 7th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Harmony price movement. The serial correlation of -0.17 indicates that over 17.0% of current Harmony price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Harmony lagged returns against current returns
Autocorrelation, which is Harmony 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 Harmony's crypto coin expected returns. We can calculate the autocorrelation of Harmony returns to help us make a trade decision. For example, suppose you find that Harmony 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 |
Harmony 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 Harmony crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harmony crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harmony crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Harmony Lagged Returns
When evaluating Harmony's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harmony crypto coin have on its future price. Harmony 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, Harmony autocorrelation shows the relationship between Harmony crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Harmony.
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 Harmony offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Harmony'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 Harmony Crypto.Check out Harmony Correlation, Harmony Volatility and Investing Opportunities module to complement your research on Harmony. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Harmony 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.