HEDG Market Value
| HEDG Crypto | USD 0.02 0.02 55.65% |
| Symbol | HEDG |
HEDG '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 HEDG'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 HEDG.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in HEDG on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding HEDG or generate 0.0% return on investment in HEDG over 30 days. HEDG is related to or competes with Solana, XRP, Staked Ether, Open Network, Avalanche, Chainlink, and Ethena. HEDG is peer-to-peer digital currency powered by the Blockchain technology.
HEDG 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 HEDG'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 HEDG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 22.14 | |||
| Information Ratio | 0.0947 | |||
| Maximum Drawdown | 129.52 | |||
| Value At Risk | (37.59) | |||
| Potential Upside | 62.2 |
HEDG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEDG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEDG's standard deviation. In reality, there are many statistical measures that can use HEDG historical prices to predict the future HEDG's volatility.| Risk Adjusted Performance | 0.0709 | |||
| Jensen Alpha | 2.83 | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | 0.1178 | |||
| Treynor Ratio | (1.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HEDG'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.
HEDG Backtested Returns
HEDG is abnormally risky given 3 months investment horizon. HEDG holds Efficiency (Sharpe) Ratio of 0.098, which attests that digital coin had a 0.098% return per unit of return volatility over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.72% are justified by taking the suggested risk. Use HEDG Market Risk Adjusted Performance of (1.47), risk adjusted performance of 0.0709, and Semi Deviation of 17.21 to evaluate coin specific risk that cannot be diversified away. The crypto retains a Market Volatility (i.e., Beta) of -1.82, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning HEDG are expected to decrease by larger amounts. On the other hand, during market turmoil, HEDG is expected to outperform it.
Auto-correlation | 0.11 |
Insignificant predictability
HEDG has insignificant predictability. Overlapping area represents the amount of predictability between HEDG time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th 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 HEDG price movement. The serial correlation of 0.11 indicates that less than 11.0% of current HEDG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HEDG lagged returns against current returns
Autocorrelation, which is HEDG 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 HEDG's crypto coin expected returns. We can calculate the autocorrelation of HEDG returns to help us make a trade decision. For example, suppose you find that HEDG 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 |
HEDG 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 HEDG crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEDG crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEDG crypto coin over time.
Current vs Lagged Prices |
| Timeline |
HEDG Lagged Returns
When evaluating HEDG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEDG crypto coin have on its future price. HEDG 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, HEDG autocorrelation shows the relationship between HEDG crypto coin current value and its past values and can show if there is a momentum factor associated with investing in HEDG.
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 HEDG 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.
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HEDG 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.