UUU Market Value
| UUU Crypto | USD 0.000008 0.000001 14.29% |
| Symbol | UUU |
UUU '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 UUU'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 UUU.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in UUU on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding UUU or generate 0.0% return on investment in UUU over 180 days. UUU is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. UUU is peer-to-peer digital currency powered by the Blockchain technology.
UUU 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 UUU'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 UUU upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1283 | |||
| Maximum Drawdown | 37.5 | |||
| Potential Upside | 14.29 |
UUU Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UUU's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UUU's standard deviation. In reality, there are many statistical measures that can use UUU historical prices to predict the future UUU's volatility.| Risk Adjusted Performance | 0.1235 | |||
| Jensen Alpha | 0.7652 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 1.0 |
UUU Backtested Returns
UUU appears to be unusually risky, given 3 months investment horizon. UUU owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates digital coin had a 0.15% return per unit of risk over the last 3 months. By inspecting UUU's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please review UUU's Coefficient Of Variation of 667.54, risk adjusted performance of 0.1235, and Variance of 34.1 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.86, which indicates possible diversification benefits within a given portfolio. UUU returns are very sensitive to returns on the market. As the market goes up or down, UUU is expected to follow.
Auto-correlation | -0.31 |
Poor reverse predictability
UUU has poor reverse predictability. Overlapping area represents the amount of predictability between UUU time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 UUU price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current UUU price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
UUU lagged returns against current returns
Autocorrelation, which is UUU 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 UUU's crypto coin expected returns. We can calculate the autocorrelation of UUU returns to help us make a trade decision. For example, suppose you find that UUU 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 |
UUU 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 UUU crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UUU crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UUU crypto coin over time.
Current vs Lagged Prices |
| Timeline |
UUU Lagged Returns
When evaluating UUU's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UUU crypto coin have on its future price. UUU 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, UUU autocorrelation shows the relationship between UUU crypto coin current value and its past values and can show if there is a momentum factor associated with investing in UUU.
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 UUU offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of UUU'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 Uuu Crypto.Check out UUU Correlation, UUU Volatility and Investing Opportunities module to complement your research on UUU. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
UUU 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.