WAN Market Value
| WAN Crypto | USD 0.23 0.01 4.55% |
| Symbol | WAN |
WAN '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 WAN'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 WAN.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in WAN on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding WAN or generate 0.0% return on investment in WAN over 60 days. WAN is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. WAN is peer-to-peer digital currency powered by the Blockchain technology.
WAN 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 WAN'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 WAN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.52 | |||
| Information Ratio | 0.0947 | |||
| Maximum Drawdown | 24.44 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 10.0 |
WAN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WAN's standard deviation. In reality, there are many statistical measures that can use WAN historical prices to predict the future WAN's volatility.| Risk Adjusted Performance | 0.1017 | |||
| Jensen Alpha | 0.4109 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0669 | |||
| Treynor Ratio | 0.4521 |
WAN Backtested Returns
WAN appears to be very risky, given 3 months investment horizon. WAN shows Sharpe Ratio of 0.14, which attests that digital coin had a 0.14% return per unit of standard deviation over the last 3 months. By reviewing WAN's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize WAN's Downside Deviation of 6.52, risk adjusted performance of 0.1017, and Mean Deviation of 3.07 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 1.22, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, WAN will likely underperform.
Auto-correlation | 0.40 |
Average predictability
WAN has average predictability. Overlapping area represents the amount of predictability between WAN time series from 29th of September 2024 to 29th of October 2024 and 29th of October 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 WAN price movement. The serial correlation of 0.4 indicates that just about 40.0% of current WAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WAN lagged returns against current returns
Autocorrelation, which is WAN 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 WAN's crypto coin expected returns. We can calculate the autocorrelation of WAN returns to help us make a trade decision. For example, suppose you find that WAN 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 |
WAN 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 WAN crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WAN crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WAN crypto coin over time.
Current vs Lagged Prices |
| Timeline |
WAN Lagged Returns
When evaluating WAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WAN crypto coin have on its future price. WAN 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, WAN autocorrelation shows the relationship between WAN crypto coin current value and its past values and can show if there is a momentum factor associated with investing in WAN.
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 WAN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WAN'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 Wan Crypto.Check out WAN Correlation, WAN Volatility and Investing Opportunities module to complement your research on WAN. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
WAN 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.