Clearpool Market Value
| CPOOL Crypto | USD 0.25 0.01 3.85% |
| Symbol | Clearpool |
Clearpool '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 Clearpool'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 Clearpool.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Clearpool on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Clearpool or generate 0.0% return on investment in Clearpool over 30 days. Clearpool is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. Clearpool is peer-to-peer digital currency powered by the Blockchain technology.
Clearpool 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 Clearpool'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 Clearpool upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.19 | |||
| Information Ratio | 0.167 | |||
| Maximum Drawdown | 39.29 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 13.64 |
Clearpool Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearpool's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearpool's standard deviation. In reality, there are many statistical measures that can use Clearpool historical prices to predict the future Clearpool's volatility.| Risk Adjusted Performance | 0.1491 | |||
| Jensen Alpha | 1.45 | |||
| Total Risk Alpha | 0.1976 | |||
| Sortino Ratio | 0.188 | |||
| Treynor Ratio | 6.83 |
Clearpool Backtested Returns
Clearpool is abnormally risky given 3 months investment horizon. Clearpool secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that digital coin had a 0.12% return per unit of standard deviation over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 15.65% are justified by taking the suggested risk. Use Clearpool risk adjusted performance of 0.1491, and Mean Deviation of 6.25 to evaluate coin specific risk that cannot be diversified away. 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, Clearpool's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clearpool is expected to be smaller as well.
Auto-correlation | 0.09 |
Virtually no predictability
Clearpool has virtually no predictability. Overlapping area represents the amount of predictability between Clearpool time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Clearpool price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Clearpool price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Clearpool lagged returns against current returns
Autocorrelation, which is Clearpool 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 Clearpool's crypto coin expected returns. We can calculate the autocorrelation of Clearpool returns to help us make a trade decision. For example, suppose you find that Clearpool 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 |
Clearpool 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 Clearpool crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearpool crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clearpool crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Clearpool Lagged Returns
When evaluating Clearpool's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearpool crypto coin have on its future price. Clearpool 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, Clearpool autocorrelation shows the relationship between Clearpool crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Clearpool.
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 Clearpool offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Clearpool'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 Clearpool Crypto.Check out Clearpool Correlation, Clearpool Volatility and Investing Opportunities module to complement your research on Clearpool. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Clearpool 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.