Serum Market Value
| SRM Crypto | USD 0.03 0 5.79% |
| Symbol | Serum |
Serum '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 Serum'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 Serum.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Serum on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Serum or generate 0.0% return on investment in Serum over 720 days. Serum is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. Serum is peer-to-peer digital currency powered by the Blockchain technology.
Serum 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 Serum'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 Serum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.68 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 23.66 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 7.58 |
Serum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Serum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Serum's standard deviation. In reality, there are many statistical measures that can use Serum historical prices to predict the future Serum's volatility.| Risk Adjusted Performance | 0.0166 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1153 |
Serum Backtested Returns
Serum appears to be very risky, given 3 months investment horizon. Serum owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0662, which indicates digital coin had a 0.0662% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Serum, which you can use to evaluate the volatility of coin. Please review Serum's Coefficient Of Variation of 9126.48, semi deviation of 3.3, and Risk Adjusted Performance of 0.0166 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Serum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Serum is expected to be smaller as well.
Auto-correlation | 0.14 |
Insignificant predictability
Serum has insignificant predictability. Overlapping area represents the amount of predictability between Serum time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Serum price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Serum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Serum lagged returns against current returns
Autocorrelation, which is Serum 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 Serum's crypto coin expected returns. We can calculate the autocorrelation of Serum returns to help us make a trade decision. For example, suppose you find that Serum 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 |
Serum 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 Serum crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Serum crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Serum crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Serum Lagged Returns
When evaluating Serum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Serum crypto coin have on its future price. Serum 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, Serum autocorrelation shows the relationship between Serum crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Serum.
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 Serum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Serum'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 Serum Crypto.Check out Serum Correlation, Serum Volatility and Investing Opportunities module to complement your research on Serum. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Serum 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.