RCN Market Value
| RCN Crypto | USD 0.0005 0.000006 1.23% |
| Symbol | RCN |
RCN '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 RCN'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 RCN.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in RCN on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding RCN or generate 0.0% return on investment in RCN over 540 days. RCN is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. RCN is peer-to-peer digital currency powered by the Blockchain technology.
RCN 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 RCN'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 RCN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.32 | |||
| Information Ratio | 0.1159 | |||
| Maximum Drawdown | 230.68 | |||
| Value At Risk | (50.21) | |||
| Potential Upside | 63.95 |
RCN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RCN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RCN's standard deviation. In reality, there are many statistical measures that can use RCN historical prices to predict the future RCN's volatility.| Risk Adjusted Performance | 0.1011 | |||
| Jensen Alpha | 3.39 | |||
| Total Risk Alpha | (1.88) | |||
| Sortino Ratio | 0.1734 | |||
| Treynor Ratio | 0.4583 |
RCN Backtested Returns
RCN is abnormally risky given 3 months investment horizon. RCN maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies digital coin had a 0.12% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 4.82% are justified by taking the suggested risk. Use RCN Mean Deviation of 20.83, coefficient of variation of 837.73, and Market Risk Adjusted Performance of 0.4683 to evaluate coin specific risk that cannot be diversified away. The entity holds a Beta of 10.24, 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, RCN will likely underperform.
Auto-correlation | 0.00 |
No correlation between past and present
RCN has no correlation between past and present. Overlapping area represents the amount of predictability between RCN time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 RCN price movement. The serial correlation of 0.0 indicates that just 0.0% of current RCN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RCN lagged returns against current returns
Autocorrelation, which is RCN 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 RCN's crypto coin expected returns. We can calculate the autocorrelation of RCN returns to help us make a trade decision. For example, suppose you find that RCN 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 |
RCN 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 RCN crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RCN crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RCN crypto coin over time.
Current vs Lagged Prices |
| Timeline |
RCN Lagged Returns
When evaluating RCN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RCN crypto coin have on its future price. RCN 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, RCN autocorrelation shows the relationship between RCN crypto coin current value and its past values and can show if there is a momentum factor associated with investing in RCN.
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 RCN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of RCN'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 Rcn Crypto.Check out RCN Correlation, RCN Volatility and Investing Opportunities module to complement your research on RCN. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
RCN 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.