FIRO Market Value
| FIRO Crypto | USD 1.59 0.06 3.92% |
| Symbol | FIRO |
FIRO '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 FIRO'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 FIRO.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in FIRO on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding FIRO or generate 0.0% return on investment in FIRO over 90 days. FIRO is related to or competes with Bitcoin, Dogecoin, Bitcoin Cash, Litecoin, Ethereum Classic, Arweave, and Bitcoin SV. FIRO is peer-to-peer digital currency powered by the Blockchain technology.
FIRO 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 FIRO'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 FIRO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.85 | |||
| Information Ratio | 0.1171 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (5.65) | |||
| Potential Upside | 6.45 |
FIRO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIRO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIRO's standard deviation. In reality, there are many statistical measures that can use FIRO historical prices to predict the future FIRO's volatility.| Risk Adjusted Performance | 0.1231 | |||
| Jensen Alpha | 0.6175 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.126 | |||
| Treynor Ratio | (14.27) |
FIRO Backtested Returns
FIRO appears to be very risky, given 3 months investment horizon. FIRO secures Sharpe Ratio (or Efficiency) of 0.17, which denotes digital coin had a 0.17% return per unit of volatility over the last 3 months. By evaluating FIRO's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please utilize FIRO's Downside Deviation of 3.85, market risk adjusted performance of (14.26), and Mean Deviation of 3.13 to check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of -0.0429, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FIRO are expected to decrease at a much lower rate. During the bear market, FIRO is likely to outperform the market.
Auto-correlation | 0.25 |
Poor predictability
FIRO has poor predictability. Overlapping area represents the amount of predictability between FIRO time series from 1st of September 2024 to 16th of October 2024 and 16th of October 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 FIRO price movement. The serial correlation of 0.25 indicates that over 25.0% of current FIRO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
FIRO lagged returns against current returns
Autocorrelation, which is FIRO 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 FIRO's crypto coin expected returns. We can calculate the autocorrelation of FIRO returns to help us make a trade decision. For example, suppose you find that FIRO 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 |
FIRO 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 FIRO crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIRO crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIRO crypto coin over time.
Current vs Lagged Prices |
| Timeline |
FIRO Lagged Returns
When evaluating FIRO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIRO crypto coin have on its future price. FIRO 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, FIRO autocorrelation shows the relationship between FIRO crypto coin current value and its past values and can show if there is a momentum factor associated with investing in FIRO.
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 FIRO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FIRO'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 Firo Crypto.Check out FIRO Correlation, FIRO Volatility and Investing Opportunities module to complement your research on FIRO. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
FIRO 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.