PRE Market Value
| PRE Crypto | USD 0.01 0.0002 1.49% |
| Symbol | PRE |
PRE '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 PRE'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 PRE.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in PRE on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding PRE or generate 0.0% return on investment in PRE over 720 days. PRE is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. PRE is peer-to-peer digital currency powered by the Blockchain technology.
PRE 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 PRE'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 PRE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.13 | |||
| Information Ratio | 0.0819 | |||
| Maximum Drawdown | 55.72 | |||
| Value At Risk | (7.59) | |||
| Potential Upside | 14.75 |
PRE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PRE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PRE's standard deviation. In reality, there are many statistical measures that can use PRE historical prices to predict the future PRE's volatility.| Risk Adjusted Performance | 0.0833 | |||
| Jensen Alpha | 0.5444 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.1332 | |||
| Treynor Ratio | 0.3628 |
PRE Backtested Returns
PRE appears to be exceptionally volatile, given 3 months investment horizon. PRE maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies digital coin had a 0.11% return per unit of risk over the last 3 months. By inspecting PRE's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please evaluate PRE's Mean Deviation of 5.61, semi deviation of 4.91, and Risk Adjusted Performance of 0.0833 to confirm if our risk estimates are consistent with your expectations. The crypto holds a Beta of 2.2, which implies 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, PRE will likely underperform.
Auto-correlation | -0.58 |
Good reverse predictability
PRE has good reverse predictability. Overlapping area represents the amount of predictability between PRE time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 PRE price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current PRE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PRE lagged returns against current returns
Autocorrelation, which is PRE 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 PRE's crypto coin expected returns. We can calculate the autocorrelation of PRE returns to help us make a trade decision. For example, suppose you find that PRE 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 |
PRE 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 PRE crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PRE crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PRE crypto coin over time.
Current vs Lagged Prices |
| Timeline |
PRE Lagged Returns
When evaluating PRE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PRE crypto coin have on its future price. PRE 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, PRE autocorrelation shows the relationship between PRE crypto coin current value and its past values and can show if there is a momentum factor associated with investing in PRE.
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 PRE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PRE'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 Pre Crypto.Check out PRE Correlation, PRE Volatility and Investing Opportunities module to complement your research on PRE. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
PRE 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.