Chia Market Value
| XCH Crypto | USD 24.83 8.87 55.58% |
| Symbol | Chia |
Chia '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 Chia'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 Chia.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Chia on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Chia or generate 0.0% return on investment in Chia over 360 days. Chia is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. Chia is peer-to-peer digital currency powered by the Blockchain technology.
Chia 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 Chia'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 Chia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.04 | |||
| Information Ratio | 0.0881 | |||
| Maximum Drawdown | 31.47 | |||
| Value At Risk | (6.77) | |||
| Potential Upside | 9.98 |
Chia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chia's standard deviation. In reality, there are many statistical measures that can use Chia historical prices to predict the future Chia's volatility.| Risk Adjusted Performance | 0.088 | |||
| Jensen Alpha | 0.8248 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.1549 | |||
| Treynor Ratio | 1.43 |
Chia Backtested Returns
Chia is exceptionally volatile given 3 months investment horizon. Chia secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that digital coin had a 0.14% return per unit of risk over the last 3 months. We have analyze and collected data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.21% are justified by taking the suggested risk. Use Chia Risk Adjusted Performance of 0.088, downside deviation of 5.04, and Mean Deviation of 4.9 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chia is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
Chia has excellent predictability. Overlapping area represents the amount of predictability between Chia time series from 1st of December 2023 to 29th of May 2024 and 29th of May 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 Chia price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Chia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Chia lagged returns against current returns
Autocorrelation, which is Chia 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 Chia's crypto coin expected returns. We can calculate the autocorrelation of Chia returns to help us make a trade decision. For example, suppose you find that Chia 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 |
Chia 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 Chia crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chia crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chia crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Chia Lagged Returns
When evaluating Chia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chia crypto coin have on its future price. Chia 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, Chia autocorrelation shows the relationship between Chia crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Chia.
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 Chia offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Chia'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 Chia Crypto.Check out Chia Correlation, Chia Volatility and Investing Opportunities module to complement your research on Chia. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Chia 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.