Zilliqa Market Value
| ZIL Crypto | USD 0.03 0.0008 3.10% |
| Symbol | Zilliqa |
Zilliqa '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 Zilliqa'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 Zilliqa.
| 05/03/2023 |
| 04/27/2024 |
If you would invest 0.00 in Zilliqa on May 3, 2023 and sell it all today you would earn a total of 0.00 from holding Zilliqa or generate 0.0% return on investment in Zilliqa over 360 days. Zilliqa is related to or competes with Solana, XRP, Staked Ether, Open Network, Avalanche, Chainlink, and Ethena. Zilliqa is peer-to-peer digital currency powered by the Blockchain technology.
Zilliqa 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 Zilliqa'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 Zilliqa upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.33 | |||
| Information Ratio | 0.0722 | |||
| Maximum Drawdown | 39.15 | |||
| Value At Risk | (10.84) | |||
| Potential Upside | 9.17 |
Zilliqa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zilliqa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zilliqa's standard deviation. In reality, there are many statistical measures that can use Zilliqa historical prices to predict the future Zilliqa's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.3662 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0681 | |||
| Treynor Ratio | 0.28 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zilliqa'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.
Zilliqa Backtested Returns
Zilliqa appears to be unusually risky, given 3 months investment horizon. Zilliqa shows Sharpe Ratio of 0.0817, which attests that digital coin had a 0.0817% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Zilliqa, which you can use to evaluate the volatility of coin. Please utilize Zilliqa's Mean Deviation of 4.06, downside deviation of 6.33, and Market Risk Adjusted Performance of 0.29 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 1.82, which attests to 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, Zilliqa will likely underperform.
Auto-correlation | -0.66 |
Very good reverse predictability
Zilliqa has very good reverse predictability. Overlapping area represents the amount of predictability between Zilliqa time series from 3rd of May 2023 to 30th of October 2023 and 30th of October 2023 to 27th 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 Zilliqa price movement. The serial correlation of -0.66 indicates that around 66.0% of current Zilliqa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zilliqa lagged returns against current returns
Autocorrelation, which is Zilliqa 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 Zilliqa's crypto coin expected returns. We can calculate the autocorrelation of Zilliqa returns to help us make a trade decision. For example, suppose you find that Zilliqa 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 |
Zilliqa 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 Zilliqa crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zilliqa crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zilliqa crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Zilliqa Lagged Returns
When evaluating Zilliqa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zilliqa crypto coin have on its future price. Zilliqa 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, Zilliqa autocorrelation shows the relationship between Zilliqa crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Zilliqa.
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 Zilliqa offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zilliqa'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 Zilliqa Crypto.Check out Zilliqa Correlation, Zilliqa Volatility and Investing Opportunities module to complement your research on Zilliqa. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Zilliqa 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.