CENNZ Market Value
| CENNZ Crypto | USD 0.02 0 9.35% |
| Symbol | CENNZ |
CENNZ '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 CENNZ'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 CENNZ.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in CENNZ on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding CENNZ or generate 0.0% return on investment in CENNZ over 30 days. CENNZ is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. CENNZ is peer-to-peer digital currency powered by the Blockchain technology.
CENNZ 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 CENNZ'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 CENNZ upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.68 | |||
| Information Ratio | 0.0989 | |||
| Maximum Drawdown | 61.79 | |||
| Value At Risk | (14.01) | |||
| Potential Upside | 16.83 |
CENNZ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CENNZ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CENNZ's standard deviation. In reality, there are many statistical measures that can use CENNZ historical prices to predict the future CENNZ's volatility.| Risk Adjusted Performance | 0.0949 | |||
| Jensen Alpha | 0.637 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | 0.1191 | |||
| Treynor Ratio | 0.2824 |
CENNZ Backtested Returns
CENNZ is abnormally risky given 3 months investment horizon. CENNZ secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that digital coin had a 0.15% return per unit of risk over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.48% are justified by taking the suggested risk. Use CENNZ risk adjusted performance of 0.0949, and Mean Deviation of 7.46 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 4.12, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CENNZ will likely underperform.
Auto-correlation | 0.71 |
Good predictability
CENNZ has good predictability. Overlapping area represents the amount of predictability between CENNZ time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 CENNZ price movement. The serial correlation of 0.71 indicates that around 71.0% of current CENNZ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CENNZ lagged returns against current returns
Autocorrelation, which is CENNZ 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 CENNZ's crypto coin expected returns. We can calculate the autocorrelation of CENNZ returns to help us make a trade decision. For example, suppose you find that CENNZ 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 |
CENNZ 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 CENNZ crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CENNZ crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CENNZ crypto coin over time.
Current vs Lagged Prices |
| Timeline |
CENNZ Lagged Returns
When evaluating CENNZ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CENNZ crypto coin have on its future price. CENNZ 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, CENNZ autocorrelation shows the relationship between CENNZ crypto coin current value and its past values and can show if there is a momentum factor associated with investing in CENNZ.
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 CENNZ offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CENNZ'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 Cennz Crypto.Check out CENNZ Correlation, CENNZ Volatility and Investing Opportunities module to complement your research on CENNZ. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
CENNZ 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.