LayerZero Market Value
| ZRO Crypto | USD 4.96 0.06 1.22% |
| Symbol | LayerZero |
LayerZero '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 LayerZero'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 LayerZero.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in LayerZero on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding LayerZero or generate 0.0% return on investment in LayerZero over 30 days. LayerZero is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. LayerZero is peer-to-peer digital currency powered by the Blockchain technology.
LayerZero 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 LayerZero'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 LayerZero upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.39 | |||
| Information Ratio | 0.0537 | |||
| Maximum Drawdown | 26.14 | |||
| Value At Risk | (7.52) | |||
| Potential Upside | 11.87 |
LayerZero Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LayerZero's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LayerZero's standard deviation. In reality, there are many statistical measures that can use LayerZero historical prices to predict the future LayerZero's volatility.| Risk Adjusted Performance | 0.0671 | |||
| Jensen Alpha | 0.2774 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.0554 | |||
| Treynor Ratio | 0.3501 |
LayerZero Backtested Returns
LayerZero appears to be unusually risky, given 3 months investment horizon. LayerZero has Sharpe Ratio of 0.0836, which conveys that digital coin had a 0.0836% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for LayerZero, which you can use to evaluate the volatility of coin. Please exercise LayerZero's Mean Deviation of 4.12, risk adjusted performance of 0.0671, and Downside Deviation of 5.39 to check out if our risk estimates are consistent with your expectations. The crypto secures a Beta (Market Risk) of 1.18, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, LayerZero will likely underperform.
Auto-correlation | 0.50 |
Modest predictability
LayerZero has modest predictability. Overlapping area represents the amount of predictability between LayerZero 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 LayerZero price movement. The serial correlation of 0.5 indicates that about 50.0% of current LayerZero price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
LayerZero lagged returns against current returns
Autocorrelation, which is LayerZero 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 LayerZero's crypto coin expected returns. We can calculate the autocorrelation of LayerZero returns to help us make a trade decision. For example, suppose you find that LayerZero 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 |
LayerZero 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 LayerZero crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LayerZero crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LayerZero crypto coin over time.
Current vs Lagged Prices |
| Timeline |
LayerZero Lagged Returns
When evaluating LayerZero's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LayerZero crypto coin have on its future price. LayerZero 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, LayerZero autocorrelation shows the relationship between LayerZero crypto coin current value and its past values and can show if there is a momentum factor associated with investing in LayerZero.
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 LayerZero offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LayerZero'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 Layerzero Crypto.Check out LayerZero Correlation, LayerZero Volatility and Investing Opportunities module to complement your research on LayerZero. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
LayerZero 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.