CEL Market Value
| CEL Crypto | USD 0.14 0.01 6.67% |
| Symbol | CEL |
CEL '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 CEL'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 CEL.
| 05/11/2022 |
| 04/30/2024 |
If you would invest 0.00 in CEL on May 11, 2022 and sell it all today you would earn a total of 0.00 from holding CEL or generate 0.0% return on investment in CEL over 720 days. CEL is related to or competes with Solana, XRP, Staked Ether, Open Network, Avalanche, Chainlink, and Ethena. CEL is peer-to-peer digital currency powered by the Blockchain technology.
CEL 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 CEL'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 CEL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.54 | |||
| Information Ratio | 0.0025 | |||
| Maximum Drawdown | 59.17 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 13.33 |
CEL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CEL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CEL's standard deviation. In reality, there are many statistical measures that can use CEL historical prices to predict the future CEL's volatility.| Risk Adjusted Performance | 0.0171 | |||
| Jensen Alpha | 0.0044 | |||
| Total Risk Alpha | (1.03) | |||
| Sortino Ratio | 0.0021 | |||
| Treynor Ratio | 0.0828 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CEL's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CEL Backtested Returns
We consider CEL abnormally risky. CEL secures Sharpe Ratio (or Efficiency) of 0.0012, which signifies that digital coin had a 0.0012% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for CEL, which you can use to evaluate the volatility of coin. Please confirm CEL's Semi Deviation of 6.79, risk adjusted performance of 0.0171, and Mean Deviation of 5.34 to double-check if the risk estimate we provide is consistent with the expected return of 0.0106%. The crypto shows a Beta (market volatility) of 1.22, which signifies 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, CEL will likely underperform.
Auto-correlation | -0.36 |
Poor reverse predictability
CEL has poor reverse predictability. Overlapping area represents the amount of predictability between CEL time series from 11th of May 2022 to 6th of May 2023 and 6th of May 2023 to 30th of April 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 CEL price movement. The serial correlation of -0.36 indicates that just about 36.0% of current CEL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CEL lagged returns against current returns
Autocorrelation, which is CEL 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 CEL's crypto coin expected returns. We can calculate the autocorrelation of CEL returns to help us make a trade decision. For example, suppose you find that CEL 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 |
CEL 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 CEL crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CEL crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CEL crypto coin over time.
Current vs Lagged Prices |
| Timeline |
CEL Lagged Returns
When evaluating CEL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CEL crypto coin have on its future price. CEL 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, CEL autocorrelation shows the relationship between CEL crypto coin current value and its past values and can show if there is a momentum factor associated with investing in CEL.
Regressed Prices |
| Timeline |
Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CEL in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.
Pair Trading with CEL
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CEL position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CEL will appreciate offsetting losses from the drop in the long position's value.Moving together with CEL Crypto Coin
| 0.79 | XRP | XRP | PairCorr |
| 0.62 | STETH | Staked Ether | PairCorr |
The ability to find closely correlated positions to CEL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CEL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CEL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CEL to buy it.
The correlation of CEL is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CEL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CEL moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CEL can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out CEL Correlation, CEL Volatility and Investing Opportunities module to complement your research on CEL. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
CEL 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.