EKO Market Value
| EKO Crypto | USD 0.000001 0.000009 90.00% |
| Symbol | EKO |
EKO '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 EKO'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 EKO.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in EKO on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding EKO or generate 0.0% return on investment in EKO over 180 days. EKO is related to or competes with Staked Ether, EigenLayer, BLZ, Tokocrypto, and DIA. EKO is peer-to-peer digital currency powered by the Blockchain technology.
EKO 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 EKO'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 EKO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 61.43 | |||
| Information Ratio | 0.2431 | |||
| Maximum Drawdown | 910.0 | |||
| Value At Risk | (85.71) | |||
| Potential Upside | 423.44 |
EKO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EKO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EKO's standard deviation. In reality, there are many statistical measures that can use EKO historical prices to predict the future EKO's volatility.| Risk Adjusted Performance | 0.1965 | |||
| Jensen Alpha | 37.99 | |||
| Total Risk Alpha | 12.59 | |||
| Sortino Ratio | 0.6474 | |||
| Treynor Ratio | 2.68 |
EKO Backtested Returns
EKO is abnormally risky given 3 months investment horizon. EKO secures Sharpe Ratio (or Efficiency) of 0.24, which denotes digital coin had a 0.24% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-five different technical indicators, which can help you to evaluate if expected returns of 39.16% are justified by taking the suggested risk. Use EKO Semi Deviation of 26.51, downside deviation of 61.43, and Mean Deviation of 83.46 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 14.9, which means 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, EKO will likely underperform.
Auto-correlation | -0.2 |
Insignificant reverse predictability
EKO has insignificant reverse predictability. Overlapping area represents the amount of predictability between EKO time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 EKO price movement. The serial correlation of -0.2 indicates that over 20.0% of current EKO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EKO lagged returns against current returns
Autocorrelation, which is EKO 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 EKO's crypto coin expected returns. We can calculate the autocorrelation of EKO returns to help us make a trade decision. For example, suppose you find that EKO 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 |
EKO 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 EKO crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EKO crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EKO crypto coin over time.
Current vs Lagged Prices |
| Timeline |
EKO Lagged Returns
When evaluating EKO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EKO crypto coin have on its future price. EKO 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, EKO autocorrelation shows the relationship between EKO crypto coin current value and its past values and can show if there is a momentum factor associated with investing in EKO.
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 EKO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EKO'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 Eko Crypto.Check out EKO Correlation, EKO Volatility and Investing Opportunities module to complement your research on EKO. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
EKO 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.