First Digital Market Value
| FDUSD Crypto | USD 1.00 0.00 0.00% |
| Symbol | First |
First Digital '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 First Digital'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 First Digital.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in First Digital on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding First Digital USD or generate 0.0% return on investment in First Digital over 90 days. First Digital is related to or competes with Staked Ether, EigenLayer, Morpho, and DIA. First Digital USD is peer-to-peer digital currency powered by the Blockchain technology.
First Digital 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 First Digital'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 First Digital USD upside and downside potential and time the market with a certain degree of confidence.
First Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Digital's standard deviation. In reality, there are many statistical measures that can use First Digital historical prices to predict the future First Digital's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Digital'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.
First Digital USD Backtested Returns
First Digital USD secures Sharpe Ratio (or Efficiency) of 0.11, which denotes digital coin had a 0.11 % return per unit of risk over the last 3 months. We were able to break down three different technical indicators, which can help you to evaluate if expected returns of 13.85% are justified by taking the suggested risk. The crypto shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and First Digital are completely uncorrelated.
Auto-correlation | -0.15 |
Insignificant reverse predictability
First Digital USD has insignificant reverse predictability. Overlapping area represents the amount of predictability between First Digital time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of First Digital USD price movement. The serial correlation of -0.15 indicates that less than 15.0% of current First Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
First Digital USD lagged returns against current returns
Autocorrelation, which is First Digital 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 First Digital's crypto coin expected returns. We can calculate the autocorrelation of First Digital returns to help us make a trade decision. For example, suppose you find that First Digital 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 |
First Digital 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 First Digital crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Digital crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Digital crypto coin over time.
Current vs Lagged Prices |
| Timeline |
First Digital Lagged Returns
When evaluating First Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Digital crypto coin have on its future price. First Digital 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, First Digital autocorrelation shows the relationship between First Digital crypto coin current value and its past values and can show if there is a momentum factor associated with investing in First Digital USD.
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 First Digital USD offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Digital'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 First Digital Usd Crypto.Check out First Digital Correlation, First Digital Volatility and Investing Opportunities module to complement your research on First Digital. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
First Digital 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.