API3 Market Value
| API3 Crypto | USD 2.31 0.21 10.00% |
| Symbol | API3 |
API3 '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 API3'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 API3.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in API3 on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding API3 or generate 0.0% return on investment in API3 over 90 days. API3 is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. API3 is peer-to-peer digital currency powered by the Blockchain technology.
API3 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 API3'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 API3 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.88 | |||
| Information Ratio | 0.1209 | |||
| Maximum Drawdown | 29.13 | |||
| Value At Risk | (6.04) | |||
| Potential Upside | 11.11 |
API3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for API3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as API3's standard deviation. In reality, there are many statistical measures that can use API3 historical prices to predict the future API3's volatility.| Risk Adjusted Performance | 0.1202 | |||
| Jensen Alpha | 0.8261 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.1359 | |||
| Treynor Ratio | (2.89) |
API3 Backtested Returns
API3 appears to be unusually risky, given 3 months investment horizon. API3 secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that digital coin had a 0.17% return per unit of return volatility over the last 3 months. By reviewing API3's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please makes use of API3's Risk Adjusted Performance of 0.1202, mean deviation of 3.97, and Semi Deviation of 4.08 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning API3 are expected to decrease at a much lower rate. During the bear market, API3 is likely to outperform the market.
Auto-correlation | -0.28 |
Weak reverse predictability
API3 has weak reverse predictability. Overlapping area represents the amount of predictability between API3 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 API3 price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current API3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
API3 lagged returns against current returns
Autocorrelation, which is API3 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 API3's crypto coin expected returns. We can calculate the autocorrelation of API3 returns to help us make a trade decision. For example, suppose you find that API3 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 |
API3 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 API3 crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if API3 crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in API3 crypto coin over time.
Current vs Lagged Prices |
| Timeline |
API3 Lagged Returns
When evaluating API3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of API3 crypto coin have on its future price. API3 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, API3 autocorrelation shows the relationship between API3 crypto coin current value and its past values and can show if there is a momentum factor associated with investing in API3.
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 API3 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of API3'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 Api3 Crypto.Check out API3 Correlation, API3 Volatility and Investing Opportunities module to complement your research on API3. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
API3 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.