ApeCoin Market Value
| APE Crypto | USD 1.50 0.08 5.63% |
| Symbol | ApeCoin |
ApeCoin '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 ApeCoin'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 ApeCoin.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in ApeCoin on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding ApeCoin or generate 0.0% return on investment in ApeCoin over 90 days. ApeCoin is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. ApeCoin is peer-to-peer digital currency powered by the Blockchain technology.
ApeCoin 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 ApeCoin'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 ApeCoin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.4 | |||
| Information Ratio | 0.1659 | |||
| Maximum Drawdown | 71.47 | |||
| Value At Risk | (8.26) | |||
| Potential Upside | 13.7 |
ApeCoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ApeCoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ApeCoin's standard deviation. In reality, there are many statistical measures that can use ApeCoin historical prices to predict the future ApeCoin's volatility.| Risk Adjusted Performance | 0.1479 | |||
| Jensen Alpha | 1.63 | |||
| Total Risk Alpha | 0.1183 | |||
| Sortino Ratio | 0.2264 | |||
| Treynor Ratio | (4.14) |
ApeCoin Backtested Returns
ApeCoin is exceptionally volatile given 3 months investment horizon. ApeCoin secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that digital coin had a 0.2% return per unit of standard deviation over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.77% are justified by taking the suggested risk. Use ApeCoin mean deviation of 4.59, and Risk Adjusted Performance of 0.1479 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of -0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ApeCoin are expected to decrease at a much lower rate. During the bear market, ApeCoin is likely to outperform the market.
Auto-correlation | 0.12 |
Insignificant predictability
ApeCoin has insignificant predictability. Overlapping area represents the amount of predictability between ApeCoin 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 ApeCoin price movement. The serial correlation of 0.12 indicates that less than 12.0% of current ApeCoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
ApeCoin lagged returns against current returns
Autocorrelation, which is ApeCoin 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 ApeCoin's crypto coin expected returns. We can calculate the autocorrelation of ApeCoin returns to help us make a trade decision. For example, suppose you find that ApeCoin 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 |
ApeCoin 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 ApeCoin crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ApeCoin crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ApeCoin crypto coin over time.
Current vs Lagged Prices |
| Timeline |
ApeCoin Lagged Returns
When evaluating ApeCoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ApeCoin crypto coin have on its future price. ApeCoin 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, ApeCoin autocorrelation shows the relationship between ApeCoin crypto coin current value and its past values and can show if there is a momentum factor associated with investing in ApeCoin.
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 ApeCoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ApeCoin'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 Apecoin Crypto.Check out ApeCoin Correlation, ApeCoin Volatility and Investing Opportunities module to complement your research on ApeCoin. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
ApeCoin 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.