DIMO Market Value
| DIMO Crypto | USD 0.22 0.02 10.00% |
| Symbol | DIMO |
DIMO '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 DIMO'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 DIMO.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in DIMO on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding DIMO or generate 0.0% return on investment in DIMO over 180 days. DIMO is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. DIMO is peer-to-peer digital currency powered by the Blockchain technology.
DIMO 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 DIMO'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 DIMO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.06 | |||
| Information Ratio | 0.0749 | |||
| Maximum Drawdown | 73.85 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 13.33 |
DIMO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DIMO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DIMO's standard deviation. In reality, there are many statistical measures that can use DIMO historical prices to predict the future DIMO's volatility.| Risk Adjusted Performance | 0.0776 | |||
| Jensen Alpha | 0.917 | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | 0.0776 | |||
| Treynor Ratio | (1.22) |
DIMO Backtested Returns
DIMO appears to be abnormally risky, given 3 months investment horizon. DIMO secures Sharpe Ratio (or Efficiency) of 0.1, which denotes digital coin had a 0.1% return per unit of risk over the last 3 months. By examining DIMO's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please utilize DIMO's Downside Deviation of 9.06, semi deviation of 5.37, and Mean Deviation of 5.61 to check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of -0.68, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DIMO are expected to decrease at a much lower rate. During the bear market, DIMO is likely to outperform the market.
Auto-correlation | -0.1 |
Very weak reverse predictability
DIMO has very weak reverse predictability. Overlapping area represents the amount of predictability between DIMO 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 DIMO price movement. The serial correlation of -0.1 indicates that less than 10.0% of current DIMO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DIMO lagged returns against current returns
Autocorrelation, which is DIMO 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 DIMO's crypto coin expected returns. We can calculate the autocorrelation of DIMO returns to help us make a trade decision. For example, suppose you find that DIMO 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 |
DIMO 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 DIMO crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DIMO crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DIMO crypto coin over time.
Current vs Lagged Prices |
| Timeline |
DIMO Lagged Returns
When evaluating DIMO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DIMO crypto coin have on its future price. DIMO 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, DIMO autocorrelation shows the relationship between DIMO crypto coin current value and its past values and can show if there is a momentum factor associated with investing in DIMO.
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 DIMO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DIMO'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 Dimo Crypto.Check out DIMO Correlation, DIMO Volatility and Investing Opportunities module to complement your research on DIMO. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
DIMO 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.