UPP Market Value
| UPP Crypto | USD 0.09 0.0003 0.35% |
| Symbol | UPP |
UPP '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 UPP'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 UPP.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in UPP on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding UPP or generate 0.0% return on investment in UPP over 720 days. UPP is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and TRON. UPP is peer-to-peer digital currency powered by the Blockchain technology.
UPP 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 UPP'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 UPP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.68 | |||
| Information Ratio | 0.1462 | |||
| Maximum Drawdown | 27.24 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 9.61 |
UPP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UPP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UPP's standard deviation. In reality, there are many statistical measures that can use UPP historical prices to predict the future UPP's volatility.| Risk Adjusted Performance | 0.1331 | |||
| Jensen Alpha | 0.7648 | |||
| Total Risk Alpha | 0.2481 | |||
| Sortino Ratio | 0.1548 | |||
| Treynor Ratio | 1.52 |
UPP Backtested Returns
UPP appears to be very risky, given 3 months investment horizon. UPP owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates digital coin had a 0.16% return per unit of standard deviation over the last 3 months. By evaluating UPP's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please review UPP's coefficient of variation of 604.48, and Risk Adjusted Performance of 0.1331 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, UPP's returns are expected to increase less than the market. However, during the bear market, the loss of holding UPP is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
UPP has poor reverse predictability. Overlapping area represents the amount of predictability between UPP time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 UPP price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current UPP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
UPP lagged returns against current returns
Autocorrelation, which is UPP 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 UPP's crypto coin expected returns. We can calculate the autocorrelation of UPP returns to help us make a trade decision. For example, suppose you find that UPP 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 |
UPP 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 UPP crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UPP crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UPP crypto coin over time.
Current vs Lagged Prices |
| Timeline |
UPP Lagged Returns
When evaluating UPP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UPP crypto coin have on its future price. UPP 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, UPP autocorrelation shows the relationship between UPP crypto coin current value and its past values and can show if there is a momentum factor associated with investing in UPP.
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 UPP offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of UPP'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 Upp Crypto.Check out UPP Correlation, UPP Volatility and Investing Opportunities module to complement your research on UPP. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
UPP 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.