COFI Market Value
| COFI Crypto | USD 0.0004 0.000013 3.29% |
| Symbol | COFI |
COFI '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 COFI'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 COFI.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in COFI on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding COFI or generate 0.0% return on investment in COFI over 180 days. COFI is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. COFI is peer-to-peer digital currency powered by the Blockchain technology.
COFI 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 COFI'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 COFI upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 15.08 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 5.63 |
COFI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COFI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COFI's standard deviation. In reality, there are many statistical measures that can use COFI historical prices to predict the future COFI's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 1.18 |
COFI Backtested Returns
COFI secures Sharpe Ratio (or Efficiency) of -0.0748, which signifies that digital coin had a -0.0748% return per unit of risk over the last 3 months. COFI exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm COFI's Standard Deviation of 3.53, mean deviation of 2.59, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The crypto shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning COFI are expected to decrease at a much lower rate. During the bear market, COFI is likely to outperform the market.
Auto-correlation | 0.83 |
Very good predictability
COFI has very good predictability. Overlapping area represents the amount of predictability between COFI 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 COFI price movement. The serial correlation of 0.83 indicates that around 83.0% of current COFI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
COFI lagged returns against current returns
Autocorrelation, which is COFI 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 COFI's crypto coin expected returns. We can calculate the autocorrelation of COFI returns to help us make a trade decision. For example, suppose you find that COFI 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 |
COFI 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 COFI crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COFI crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COFI crypto coin over time.
Current vs Lagged Prices |
| Timeline |
COFI Lagged Returns
When evaluating COFI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COFI crypto coin have on its future price. COFI 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, COFI autocorrelation shows the relationship between COFI crypto coin current value and its past values and can show if there is a momentum factor associated with investing in COFI.
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 COFI offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of COFI'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 Cofi Crypto.Check out COFI Correlation, COFI Volatility and Investing Opportunities module to complement your research on COFI. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
COFI 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.