Velo Market Value
| VELO Crypto | USD 0.02 0.0008 4.55% |
| Symbol | Velo |
Velo '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 Velo'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 Velo.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Velo on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Velo or generate 0.0% return on investment in Velo over 270 days. Velo is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. Velo is peer-to-peer digital currency powered by the Blockchain technology.
Velo 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 Velo'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 Velo upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.73 | |||
| Information Ratio | 0.0841 | |||
| Maximum Drawdown | 26.4 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 14.29 |
Velo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Velo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Velo's standard deviation. In reality, there are many statistical measures that can use Velo historical prices to predict the future Velo's volatility.| Risk Adjusted Performance | 0.0881 | |||
| Jensen Alpha | 0.615 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0998 | |||
| Treynor Ratio | 1.07 |
Velo Backtested Returns
Velo appears to be unusually volatile, given 3 months investment horizon. Velo owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates digital coin had a 0.1% return per unit of risk over the last 3 months. By inspecting Velo's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Velo's Semi Deviation of 5.32, risk adjusted performance of 0.0881, and Coefficient Of Variation of 968.25 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Velo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Velo is expected to be smaller as well.
Auto-correlation | -0.68 |
Very good reverse predictability
Velo has very good reverse predictability. Overlapping area represents the amount of predictability between Velo time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Velo price movement. The serial correlation of -0.68 indicates that around 68.0% of current Velo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Velo lagged returns against current returns
Autocorrelation, which is Velo 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 Velo's crypto coin expected returns. We can calculate the autocorrelation of Velo returns to help us make a trade decision. For example, suppose you find that Velo 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 |
Velo 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 Velo crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Velo crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Velo crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Velo Lagged Returns
When evaluating Velo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Velo crypto coin have on its future price. Velo 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, Velo autocorrelation shows the relationship between Velo crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Velo.
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 Velo offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Velo'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 Velo Crypto.Check out Velo Correlation, Velo Volatility and Investing Opportunities module to complement your research on Velo. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Velo 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.