Orbs Market Value
| ORBS Crypto | USD 0.03 0 5.21% |
| Symbol | Orbs |
Orbs '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 Orbs' 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 Orbs.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Orbs on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Orbs or generate 0.0% return on investment in Orbs over 360 days. Orbs is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. Orbs is peer-to-peer digital currency powered by the Blockchain technology.
Orbs 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 Orbs' 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 Orbs upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.32 | |||
| Information Ratio | 0.0602 | |||
| Maximum Drawdown | 24.29 | |||
| Value At Risk | (7.20) | |||
| Potential Upside | 7.91 |
Orbs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orbs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orbs' standard deviation. In reality, there are many statistical measures that can use Orbs historical prices to predict the future Orbs' volatility.| Risk Adjusted Performance | 0.0757 | |||
| Jensen Alpha | 0.3359 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0659 | |||
| Treynor Ratio | 0.7059 |
Orbs Backtested Returns
Orbs appears to be very risky, given 3 months investment horizon. Orbs maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies digital coin had a 0.12% return per unit of risk over the last 3 months. By analyzing Orbs' technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please evaluate Orbs' Risk Adjusted Performance of 0.0757, semi deviation of 4.01, and Coefficient Of Variation of 1138.6 to confirm if our risk estimates are consistent with your expectations. The crypto holds a Beta of 0.57, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Orbs' returns are expected to increase less than the market. However, during the bear market, the loss of holding Orbs is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
Orbs has good predictability. Overlapping area represents the amount of predictability between Orbs 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 Orbs price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Orbs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Orbs lagged returns against current returns
Autocorrelation, which is Orbs 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 Orbs' crypto coin expected returns. We can calculate the autocorrelation of Orbs returns to help us make a trade decision. For example, suppose you find that Orbs 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 |
Orbs 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 Orbs crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orbs crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orbs crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Orbs Lagged Returns
When evaluating Orbs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orbs crypto coin have on its future price. Orbs 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, Orbs autocorrelation shows the relationship between Orbs crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Orbs.
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 Orbs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Orbs' 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 Orbs Crypto.Check out Orbs Correlation, Orbs Volatility and Investing Opportunities module to complement your research on Orbs. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Orbs 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.