Aerodrome Finance Market Value
| AERO Crypto | USD 1.52 0.10 7.04% |
| Symbol | Aerodrome |
Aerodrome Finance '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 Aerodrome Finance'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 Aerodrome Finance.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in Aerodrome Finance on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding Aerodrome Finance or generate 0.0% return on investment in Aerodrome Finance over 90 days. Aerodrome Finance is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. Aerodrome Finance is peer-to-peer digital currency powered by the Blockchain technology.
Aerodrome Finance 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 Aerodrome Finance'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 Aerodrome Finance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.17 | |||
| Information Ratio | 0.2022 | |||
| Maximum Drawdown | 31.76 | |||
| Value At Risk | (8.77) | |||
| Potential Upside | 15.71 |
Aerodrome Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aerodrome Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aerodrome Finance's standard deviation. In reality, there are many statistical measures that can use Aerodrome Finance historical prices to predict the future Aerodrome Finance's volatility.| Risk Adjusted Performance | 0.1779 | |||
| Jensen Alpha | 1.62 | |||
| Total Risk Alpha | 0.3858 | |||
| Sortino Ratio | 0.2863 | |||
| Treynor Ratio | (16.23) |
Aerodrome Finance Backtested Returns
Aerodrome Finance is unreasonably risky given 3 months investment horizon. Aerodrome Finance secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that digital coin had a 0.24% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.72% are justified by taking the suggested risk. Use Aerodrome Finance Downside Deviation of 5.17, mean deviation of 5.81, and Risk Adjusted Performance of 0.1779 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of -0.0991, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aerodrome Finance are expected to decrease at a much lower rate. During the bear market, Aerodrome Finance is likely to outperform the market.
Auto-correlation | 0.61 |
Good predictability
Aerodrome Finance has good predictability. Overlapping area represents the amount of predictability between Aerodrome Finance 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 Aerodrome Finance price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Aerodrome Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Aerodrome Finance lagged returns against current returns
Autocorrelation, which is Aerodrome Finance 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 Aerodrome Finance's crypto coin expected returns. We can calculate the autocorrelation of Aerodrome Finance returns to help us make a trade decision. For example, suppose you find that Aerodrome Finance 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 |
Aerodrome Finance 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 Aerodrome Finance crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aerodrome Finance crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aerodrome Finance crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Aerodrome Finance Lagged Returns
When evaluating Aerodrome Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aerodrome Finance crypto coin have on its future price. Aerodrome Finance 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, Aerodrome Finance autocorrelation shows the relationship between Aerodrome Finance crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Aerodrome Finance.
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 Aerodrome Finance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aerodrome Finance'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 Aerodrome Finance Crypto.Check out Aerodrome Finance Correlation, Aerodrome Finance Volatility and Investing Opportunities module to complement your research on Aerodrome Finance. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Aerodrome Finance 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.