SYS Market Value
| SYS Crypto | USD 0.14 0.01 7.69% |
| Symbol | SYS |
SYS '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 SYS'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 SYS.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in SYS on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding SYS or generate 0.0% return on investment in SYS over 30 days. SYS is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. SYS is peer-to-peer digital currency powered by the Blockchain technology.
SYS 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 SYS'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 SYS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.49 | |||
| Information Ratio | 0.0681 | |||
| Maximum Drawdown | 31.0 | |||
| Value At Risk | (10.09) | |||
| Potential Upside | 10.0 |
SYS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SYS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SYS's standard deviation. In reality, there are many statistical measures that can use SYS historical prices to predict the future SYS's volatility.| Risk Adjusted Performance | 0.0768 | |||
| Jensen Alpha | 0.5916 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | 0.0532 | |||
| Treynor Ratio | (6.05) |
SYS Backtested Returns
SYS appears to be unusually volatile, given 3 months investment horizon. SYS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates digital coin had a 0.12% return per unit of standard deviation over the last 3 months. By inspecting SYS's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please review SYS's coefficient of variation of 1124.96, and Risk Adjusted Performance of 0.0768 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.0957, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SYS are expected to decrease at a much lower rate. During the bear market, SYS is likely to outperform the market.
Auto-correlation | 0.62 |
Good predictability
SYS has good predictability. Overlapping area represents the amount of predictability between SYS time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 SYS price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current SYS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SYS lagged returns against current returns
Autocorrelation, which is SYS 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 SYS's crypto coin expected returns. We can calculate the autocorrelation of SYS returns to help us make a trade decision. For example, suppose you find that SYS 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 |
SYS 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 SYS crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SYS crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SYS crypto coin over time.
Current vs Lagged Prices |
| Timeline |
SYS Lagged Returns
When evaluating SYS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SYS crypto coin have on its future price. SYS 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, SYS autocorrelation shows the relationship between SYS crypto coin current value and its past values and can show if there is a momentum factor associated with investing in SYS.
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 SYS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SYS'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 Sys Crypto.Check out SYS Correlation, SYS Volatility and Investing Opportunities module to complement your research on SYS. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
SYS 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.