Stellar Market Value
| XLM Crypto | USD 0.27 0.01 3.85% |
| Symbol | Stellar |
Stellar '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 Stellar'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 Stellar.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Stellar on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Stellar or generate 0.0% return on investment in Stellar over 180 days. Stellar is related to or competes with Staked Ether, Cronos, Wrapped Bitcoin, XMR, Tether, Chainlink, and USD Coin. Stellar is peer-to-peer digital currency powered by the Blockchain technology.
Stellar 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 Stellar'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 Stellar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | 0.2072 | |||
| Maximum Drawdown | 42.12 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 8.7 |
Stellar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stellar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stellar's standard deviation. In reality, there are many statistical measures that can use Stellar historical prices to predict the future Stellar's volatility.| Risk Adjusted Performance | 0.1747 | |||
| Jensen Alpha | 1.65 | |||
| Total Risk Alpha | 0.7855 | |||
| Sortino Ratio | 0.5293 | |||
| Treynor Ratio | (7.67) |
Stellar Backtested Returns
Stellar is unreasonably risky given 3 months investment horizon. Stellar owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates digital coin had a 0.25% return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.9% are justified by taking the suggested risk. Use Stellar Coefficient Of Variation of 454.55, semi deviation of 1.67, and Risk Adjusted Performance of 0.1747 to evaluate coin specific risk that cannot be diversified away. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Stellar are expected to decrease at a much lower rate. During the bear market, Stellar is likely to outperform the market.
Auto-correlation | -0.09 |
Very weak reverse predictability
Stellar has very weak reverse predictability. Overlapping area represents the amount of predictability between Stellar time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Stellar price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Stellar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Stellar lagged returns against current returns
Autocorrelation, which is Stellar 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 Stellar's crypto coin expected returns. We can calculate the autocorrelation of Stellar returns to help us make a trade decision. For example, suppose you find that Stellar 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 |
Stellar 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 Stellar crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stellar crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stellar crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Stellar Lagged Returns
When evaluating Stellar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stellar crypto coin have on its future price. Stellar 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, Stellar autocorrelation shows the relationship between Stellar crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Stellar.
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 Stellar offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Stellar'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 Stellar Crypto.Check out Stellar Correlation, Stellar Volatility and Investing Opportunities module to complement your research on Stellar. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Stellar 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.