Tezos Market Value
| XTZ Crypto | USD 1.15 0.02 1.77% |
| Symbol | Tezos |
Tezos '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 Tezos' 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 Tezos.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Tezos on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Tezos or generate 0.0% return on investment in Tezos over 270 days. Tezos is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. Tezos is peer-to-peer digital currency powered by the Blockchain technology.
Tezos 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 Tezos' 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 Tezos upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.75 | |||
| Information Ratio | 0.1736 | |||
| Maximum Drawdown | 21.84 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 7.25 |
Tezos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tezos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tezos' standard deviation. In reality, there are many statistical measures that can use Tezos historical prices to predict the future Tezos' volatility.| Risk Adjusted Performance | 0.1632 | |||
| Jensen Alpha | 0.9677 | |||
| Total Risk Alpha | 0.1955 | |||
| Sortino Ratio | 0.2142 | |||
| Treynor Ratio | (2.59) |
Tezos Backtested Returns
Tezos appears to be very risky, given 3 months investment horizon. Tezos owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates digital coin had a 0.2% return per unit of risk over the last 3 months. By inspecting Tezos' technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please review Tezos' Coefficient Of Variation of 495.34, risk adjusted performance of 0.1632, and Semi Deviation of 2.69 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tezos are expected to decrease at a much lower rate. During the bear market, Tezos is likely to outperform the market.
Auto-correlation | 0.82 |
Very good predictability
Tezos has very good predictability. Overlapping area represents the amount of predictability between Tezos 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 Tezos price movement. The serial correlation of 0.82 indicates that around 82.0% of current Tezos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tezos lagged returns against current returns
Autocorrelation, which is Tezos 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 Tezos' crypto coin expected returns. We can calculate the autocorrelation of Tezos returns to help us make a trade decision. For example, suppose you find that Tezos 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 |
Tezos 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 Tezos crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tezos crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tezos crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Tezos Lagged Returns
When evaluating Tezos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tezos crypto coin have on its future price. Tezos 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, Tezos autocorrelation shows the relationship between Tezos crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Tezos.
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 Tezos offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tezos' 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 Tezos Crypto.Check out Tezos Correlation, Tezos Volatility and Investing Opportunities module to complement your research on Tezos. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Tezos 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.