SC Market Value
| SC Crypto | USD 0.01 0.0001 1.99% |
| Symbol | SC |
SC '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 SC'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 SC.
| 08/26/2024 |
| 11/24/2024 |
If you would invest 0.00 in SC on August 26, 2024 and sell it all today you would earn a total of 0.00 from holding SC or generate 0.0% return on investment in SC over 90 days. SC is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. SC is peer-to-peer digital currency powered by the Blockchain technology.
SC 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 SC'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 SC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.39 | |||
| Information Ratio | 0.0895 | |||
| Maximum Drawdown | 18.69 | |||
| Value At Risk | (5.64) | |||
| Potential Upside | 7.85 |
SC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SC's standard deviation. In reality, there are many statistical measures that can use SC historical prices to predict the future SC's volatility.| Risk Adjusted Performance | 0.1002 | |||
| Jensen Alpha | 0.4462 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0878 | |||
| Treynor Ratio | 1.03 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SC Backtested Returns
SC appears to be very risky, given 3 months investment horizon. SC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates digital coin had a 0.16% return per unit of risk over the last 3 months. By inspecting SC's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please review SC's Risk Adjusted Performance of 0.1002, coefficient of variation of 834.0, and Semi Deviation of 4.02 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SC's returns are expected to increase less than the market. However, during the bear market, the loss of holding SC is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
SC has weak predictability. Overlapping area represents the amount of predictability between SC time series from 26th of August 2024 to 10th of October 2024 and 10th 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 SC price movement. The serial correlation of 0.2 indicates that over 20.0% of current SC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SC lagged returns against current returns
Autocorrelation, which is SC 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 SC's crypto coin expected returns. We can calculate the autocorrelation of SC returns to help us make a trade decision. For example, suppose you find that SC 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 |
SC 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 SC crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SC crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SC crypto coin over time.
Current vs Lagged Prices |
| Timeline |
SC Lagged Returns
When evaluating SC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SC crypto coin have on its future price. SC 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, SC autocorrelation shows the relationship between SC crypto coin current value and its past values and can show if there is a momentum factor associated with investing in SC.
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 SC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SC'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 Sc Crypto.Check out SC Correlation, SC Volatility and Investing Opportunities module to complement your research on SC. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
SC 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.