RDN Market Value
| RDN Crypto | USD 0 0.0005 9.37% |
| Symbol | RDN |
RDN '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 RDN'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 RDN.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in RDN on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding RDN or generate 0.0% return on investment in RDN over 60 days. RDN is related to or competes with Ethereum, Solana, XRP, Cardano, Sui, Staked Ether, and Toncoin. RDN is peer-to-peer digital currency powered by the Blockchain technology.
RDN 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 RDN'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 RDN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.81 | |||
| Information Ratio | 0.074 | |||
| Maximum Drawdown | 87.71 | |||
| Value At Risk | (19.04) | |||
| Potential Upside | 18.27 |
RDN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RDN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RDN's standard deviation. In reality, there are many statistical measures that can use RDN historical prices to predict the future RDN's volatility.| Risk Adjusted Performance | 0.0733 | |||
| Jensen Alpha | 1.24 | |||
| Total Risk Alpha | (1.05) | |||
| Sortino Ratio | 0.0878 | |||
| Treynor Ratio | (1.69) |
RDN Backtested Returns
RDN is abnormally risky given 3 months investment horizon. RDN maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies digital coin had a 0.11% return per unit of standard deviation over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.52% are justified by taking the suggested risk. Use RDN Risk Adjusted Performance of 0.0733, market risk adjusted performance of (1.68), and Semi Deviation of 10.7 to evaluate coin specific risk that cannot be diversified away. The crypto holds a Beta of -0.69, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning RDN are expected to decrease at a much lower rate. During the bear market, RDN is likely to outperform the market.
Auto-correlation | 0.25 |
Poor predictability
RDN has poor predictability. Overlapping area represents the amount of predictability between RDN time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 RDN price movement. The serial correlation of 0.25 indicates that over 25.0% of current RDN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RDN lagged returns against current returns
Autocorrelation, which is RDN 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 RDN's crypto coin expected returns. We can calculate the autocorrelation of RDN returns to help us make a trade decision. For example, suppose you find that RDN 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 |
RDN 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 RDN crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RDN crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RDN crypto coin over time.
Current vs Lagged Prices |
| Timeline |
RDN Lagged Returns
When evaluating RDN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RDN crypto coin have on its future price. RDN 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, RDN autocorrelation shows the relationship between RDN crypto coin current value and its past values and can show if there is a momentum factor associated with investing in RDN.
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 RDN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of RDN'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 Rdn Crypto.Check out RDN Correlation, RDN Volatility and Investing Opportunities module to complement your research on RDN. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
RDN 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.