ABYSS Market Value
| ABYSS Crypto | USD 0.03 0.0003 0.99% |
| Symbol | ABYSS |
ABYSS '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 ABYSS'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 ABYSS.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in ABYSS on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding ABYSS or generate 0.0% return on investment in ABYSS over 90 days. ABYSS is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. ABYSS is peer-to-peer digital currency powered by the Blockchain technology.
ABYSS 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 ABYSS'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 ABYSS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.86 | |||
| Information Ratio | 0.1904 | |||
| Maximum Drawdown | 20.65 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 6.55 |
ABYSS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABYSS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABYSS's standard deviation. In reality, there are many statistical measures that can use ABYSS historical prices to predict the future ABYSS's volatility.| Risk Adjusted Performance | 0.1844 | |||
| Jensen Alpha | 0.7486 | |||
| Total Risk Alpha | 0.2068 | |||
| Sortino Ratio | 0.2245 | |||
| Treynor Ratio | 4.47 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ABYSS'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.
ABYSS Backtested Returns
ABYSS appears to be very volatile, given 3 months investment horizon. ABYSS secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that digital coin had a 0.25% return per unit of volatility over the last 3 months. By reviewing ABYSS's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please makes use of ABYSS's Mean Deviation of 2.26, market risk adjusted performance of 4.48, and Coefficient Of Variation of 432.7 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ABYSS's returns are expected to increase less than the market. However, during the bear market, the loss of holding ABYSS is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
ABYSS has modest predictability. Overlapping area represents the amount of predictability between ABYSS time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th of November 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 ABYSS price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current ABYSS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ABYSS lagged returns against current returns
Autocorrelation, which is ABYSS 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 ABYSS's crypto coin expected returns. We can calculate the autocorrelation of ABYSS returns to help us make a trade decision. For example, suppose you find that ABYSS 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 |
ABYSS 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 ABYSS crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABYSS crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABYSS crypto coin over time.
Current vs Lagged Prices |
| Timeline |
ABYSS Lagged Returns
When evaluating ABYSS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABYSS crypto coin have on its future price. ABYSS 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, ABYSS autocorrelation shows the relationship between ABYSS crypto coin current value and its past values and can show if there is a momentum factor associated with investing in ABYSS.
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 ABYSS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ABYSS'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 Abyss Crypto.Check out ABYSS Correlation, ABYSS Volatility and Investing Opportunities module to complement your research on ABYSS. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
ABYSS 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.