OmiseGO Technical Analysis
| OMG Crypto | USD 0.60 0.01 1.64% |
As of the 1st of May, OmiseGO holds the Semi Deviation of 7.36, coefficient of variation of 8792.37, and Risk Adjusted Performance of 0.0163. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of OmiseGO, as well as the relationship between them. Put it differently, you can use this information to find out if the crypto will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for OmiseGO, which can be compared to its competitors. Please check OmiseGO variance, jensen alpha, and the relationship between the standard deviation and information ratio to decide if OmiseGO is priced some-what accurately, providing market reflects its current price of 0.6 per share.
OmiseGO Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as OmiseGO, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OmiseGOOmiseGO |
OmiseGO 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.
OmiseGO Technical Analysis
The output start index for this execution was fifteen with a total number of output elements of fourty-six. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of OmiseGO volatility. High ATR values indicate high volatility, and low values indicate low volatility.
OmiseGO Trend Analysis
Use this graph to draw trend lines for OmiseGO. You can use it to identify possible trend reversals for OmiseGO as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual OmiseGO price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.OmiseGO Best Fit Change Line
The following chart estimates an ordinary least squares regression model for OmiseGO applied against its price change over selected period. The best fit line has a slop of 0.0007 , which may suggest that OmiseGO market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.02, which is the sum of squared deviations for the predicted OmiseGO price change compared to its average price change.About OmiseGO Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of OmiseGO on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of OmiseGO based on its technical analysis. In general, a bottom-up approach, as applied to this cryptocurrency, focuses on OmiseGO price pattern first instead of the macroeconomic environment surrounding OmiseGO. By analyzing daily price indicators and various types of growth rates, we attempt to find the most accurate representation of OmiseGO's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the crypto market before zooming in to OmiseGO specific price patterns or momentum indicators.
OmiseGO May 1, 2024 Technical Indicators
Most technical analysis of OmiseGO help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for OmiseGO from various momentum indicators to cycle indicators. When you analyze OmiseGO charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0163 | |||
| Market Risk Adjusted Performance | 0.0289 | |||
| Mean Deviation | 4.53 | |||
| Semi Deviation | 7.36 | |||
| Downside Deviation | 8.42 | |||
| Coefficient Of Variation | 8792.37 | |||
| Standard Deviation | 6.56 | |||
| Variance | 43.07 | |||
| Information Ratio | 0.0023 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.0018 | |||
| Treynor Ratio | 0.0189 | |||
| Maximum Drawdown | 37.34 | |||
| Value At Risk | (11.67) | |||
| Potential Upside | 11.34 | |||
| Downside Variance | 70.85 | |||
| Semi Variance | 54.24 | |||
| Expected Short fall | (4.34) | |||
| Skewness | (0.78) | |||
| Kurtosis | 2.24 |
OmiseGO May 1, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as OmiseGO stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 459.48 | ||
| Daily Balance Of Power | (0.17) | ||
| Rate Of Daily Change | 0.98 | ||
| Day Median Price | 0.59 | ||
| Day Typical Price | 0.59 | ||
| Price Action Indicator | 0.00 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OmiseGO. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the OmiseGO information on this page should be used as a complementary analysis to other OmiseGO's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.