Cardano Impact (Netherlands) Market Value
| AVWA Fund | EUR 55.55 0.91 1.67% |
| Symbol | Cardano |
Cardano Impact '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 Cardano Impact's fund 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 Cardano Impact.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Cardano Impact on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Cardano Impact Equity or generate 0.0% return on investment in Cardano Impact over 30 days. ACTIAM I is traded on Amsterdam Stock Exchange in Netherlands. More
Cardano Impact 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 Cardano Impact's fund 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 Cardano Impact Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6238 | |||
| Information Ratio | 0.0634 | |||
| Maximum Drawdown | 3.94 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.51 |
Cardano Impact Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cardano Impact's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cardano Impact's standard deviation. In reality, there are many statistical measures that can use Cardano Impact historical prices to predict the future Cardano Impact's volatility.| Risk Adjusted Performance | 0.1629 | |||
| Jensen Alpha | 0.1409 | |||
| Total Risk Alpha | 0.049 | |||
| Sortino Ratio | 0.0767 | |||
| Treynor Ratio | 1.52 |
Cardano Impact Equity Backtested Returns
Currently, Cardano Impact Equity is very steady. Cardano Impact Equity secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the fund had a 0.26% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cardano Impact Equity, which you can use to evaluate the volatility of the entity. Please confirm Cardano Impact's Mean Deviation of 0.5452, risk adjusted performance of 0.1629, and Downside Deviation of 0.6238 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. The fund shows a Beta (market volatility) of 0.0996, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cardano Impact's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cardano Impact is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Cardano Impact Equity has modest predictability. Overlapping area represents the amount of predictability between Cardano Impact time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Cardano Impact Equity price movement. The serial correlation of 0.55 indicates that about 55.0% of current Cardano Impact price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Cardano Impact Equity lagged returns against current returns
Autocorrelation, which is Cardano Impact fund'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 Cardano Impact's fund expected returns. We can calculate the autocorrelation of Cardano Impact returns to help us make a trade decision. For example, suppose you find that Cardano Impact has exhibited high autocorrelation historically, and you observe that the fund 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 |
Cardano Impact 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 Cardano Impact fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cardano Impact fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cardano Impact fund over time.
Current vs Lagged Prices |
| Timeline |
Cardano Impact Lagged Returns
When evaluating Cardano Impact's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cardano Impact fund have on its future price. Cardano Impact 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, Cardano Impact autocorrelation shows the relationship between Cardano Impact fund current value and its past values and can show if there is a momentum factor associated with investing in Cardano Impact Equity.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Cardano Fund
Cardano Impact financial ratios help investors to determine whether Cardano Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cardano with respect to the benefits of owning Cardano Impact security.
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