ALEO Market Value
| ALEO Crypto | USD 1.65 0.29 21.32% |
| Symbol | ALEO |
ALEO '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 ALEO'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 ALEO.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in ALEO on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding ALEO or generate 0.0% return on investment in ALEO over 180 days. ALEO is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. ALEO is peer-to-peer digital currency powered by the Blockchain technology.
ALEO 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 ALEO'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 ALEO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 33.55 | |||
| Value At Risk | (11.94) | |||
| Potential Upside | 7.5 |
ALEO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALEO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALEO's standard deviation. In reality, there are many statistical measures that can use ALEO historical prices to predict the future ALEO's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.74) | |||
| Total Risk Alpha | (1.77) | |||
| Treynor Ratio | 3.12 |
ALEO Backtested Returns
ALEO is abnormally risky given 3 months investment horizon. ALEO secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that digital coin had a 0.12% return per unit of risk over the last 3 months. We were able to break down twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.61% are justified by taking the suggested risk. Use ALEO Risk Adjusted Performance of (0.09), standard deviation of 5.98, and Mean Deviation of 3.52 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ALEO are expected to decrease at a much lower rate. During the bear market, ALEO is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
ALEO has no correlation between past and present. Overlapping area represents the amount of predictability between ALEO time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 ALEO price movement. The serial correlation of 0.0 indicates that just 0.0% of current ALEO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
ALEO lagged returns against current returns
Autocorrelation, which is ALEO 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 ALEO's crypto coin expected returns. We can calculate the autocorrelation of ALEO returns to help us make a trade decision. For example, suppose you find that ALEO 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 |
ALEO 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 ALEO crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALEO crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALEO crypto coin over time.
Current vs Lagged Prices |
| Timeline |
ALEO Lagged Returns
When evaluating ALEO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALEO crypto coin have on its future price. ALEO 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, ALEO autocorrelation shows the relationship between ALEO crypto coin current value and its past values and can show if there is a momentum factor associated with investing in ALEO.
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 ALEO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ALEO'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 Aleo Crypto.Check out ALEO Correlation, ALEO Volatility and Investing Opportunities module to complement your research on ALEO. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
ALEO 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.