Yearnfinance Market Value
| YFI Crypto | USD 7,523 8.23 0.11% |
| Symbol | Yearnfinance |
Yearnfinance '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 Yearnfinance'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 Yearnfinance.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Yearnfinance on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding yearnfinance or generate 0.0% return on investment in Yearnfinance over 30 days. Yearnfinance is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. yearn.finance is peer-to-peer digital currency powered by the Blockchain technology.
Yearnfinance 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 Yearnfinance'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 yearnfinance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.1317 | |||
| Maximum Drawdown | 21.68 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 8.15 |
Yearnfinance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yearnfinance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yearnfinance's standard deviation. In reality, there are many statistical measures that can use Yearnfinance historical prices to predict the future Yearnfinance's volatility.| Risk Adjusted Performance | 0.1331 | |||
| Jensen Alpha | 0.5374 | |||
| Total Risk Alpha | 0.0403 | |||
| Sortino Ratio | 0.1785 | |||
| Treynor Ratio | 0.7161 |
yearnfinance Backtested Returns
Yearnfinance appears to be very risky, given 3 months investment horizon. yearnfinance shows Sharpe Ratio of 0.16, which attests that digital coin had a 0.16% return per unit of risk over the last 3 months. By examining Yearnfinance's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Yearnfinance's Market Risk Adjusted Performance of 0.7261, mean deviation of 2.51, and Downside Deviation of 2.94 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.89, which attests to possible diversification benefits within a given portfolio. Yearnfinance returns are very sensitive to returns on the market. As the market goes up or down, Yearnfinance is expected to follow.
Auto-correlation | 0.91 |
Excellent predictability
yearnfinance has excellent predictability. Overlapping area represents the amount of predictability between Yearnfinance time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 yearnfinance price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Yearnfinance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 306.3 K |
yearnfinance lagged returns against current returns
Autocorrelation, which is Yearnfinance 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 Yearnfinance's crypto coin expected returns. We can calculate the autocorrelation of Yearnfinance returns to help us make a trade decision. For example, suppose you find that Yearnfinance 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 |
Yearnfinance 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 Yearnfinance crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yearnfinance crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yearnfinance crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Yearnfinance Lagged Returns
When evaluating Yearnfinance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yearnfinance crypto coin have on its future price. Yearnfinance 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, Yearnfinance autocorrelation shows the relationship between Yearnfinance crypto coin current value and its past values and can show if there is a momentum factor associated with investing in yearnfinance.
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 yearnfinance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Yearnfinance'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 Yearnfinance Crypto.Check out Yearnfinance Correlation, Yearnfinance Volatility and Investing Opportunities module to complement your research on Yearnfinance. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Yearnfinance 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.