ZCash Market Value
| ZEC Crypto | USD 45.48 0.03 0.07% |
| Symbol | ZCash |
ZCash '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 ZCash'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 ZCash.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in ZCash on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding ZCash or generate 0.0% return on investment in ZCash over 180 days. ZCash is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. ZCash is peer-to-peer digital currency powered by the Blockchain technology.
ZCash 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 ZCash'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 ZCash upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.35 | |||
| Information Ratio | 0.0162 | |||
| Maximum Drawdown | 24.76 | |||
| Value At Risk | (8.59) | |||
| Potential Upside | 11.43 |
ZCash Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZCash's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZCash's standard deviation. In reality, there are many statistical measures that can use ZCash historical prices to predict the future ZCash's volatility.| Risk Adjusted Performance | 0.033 | |||
| Jensen Alpha | 0.1974 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.0181 | |||
| Treynor Ratio | (1.02) |
ZCash Backtested Returns
ZCash appears to be unusually risky, given 3 months investment horizon. ZCash shows Sharpe Ratio of 0.0951, which attests that digital coin had a 0.0951% return per unit of risk over the last 3 months. By analyzing ZCash's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize ZCash's Mean Deviation of 4.35, market risk adjusted performance of (1.01), and Downside Deviation of 5.35 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ZCash are expected to decrease at a much lower rate. During the bear market, ZCash is likely to outperform the market.
Auto-correlation | 0.80 |
Very good predictability
ZCash has very good predictability. Overlapping area represents the amount of predictability between ZCash 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 ZCash price movement. The serial correlation of 0.8 indicates that around 80.0% of current ZCash price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 31.16 |
ZCash lagged returns against current returns
Autocorrelation, which is ZCash 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 ZCash's crypto coin expected returns. We can calculate the autocorrelation of ZCash returns to help us make a trade decision. For example, suppose you find that ZCash 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 |
ZCash 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 ZCash crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZCash crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZCash crypto coin over time.
Current vs Lagged Prices |
| Timeline |
ZCash Lagged Returns
When evaluating ZCash's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZCash crypto coin have on its future price. ZCash 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, ZCash autocorrelation shows the relationship between ZCash crypto coin current value and its past values and can show if there is a momentum factor associated with investing in ZCash.
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 ZCash offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ZCash'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 Zcash Crypto.Check out ZCash Correlation, ZCash Volatility and Investing Opportunities module to complement your research on ZCash. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
ZCash 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.