Gas Market Value
| GAS Crypto | USD 6.14 0.13 2.16% |
| Symbol | Gas |
Gas '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 Gas' 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 Gas.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Gas on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Gas or generate 0.0% return on investment in Gas over 180 days. Gas is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. Gas is peer-to-peer digital currency powered by the Blockchain technology.
Gas 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 Gas' 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 Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.06 | |||
| Information Ratio | 0.1858 | |||
| Maximum Drawdown | 21.75 | |||
| Value At Risk | (5.18) | |||
| Potential Upside | 12.4 |
Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gas' standard deviation. In reality, there are many statistical measures that can use Gas historical prices to predict the future Gas' volatility.| Risk Adjusted Performance | 0.1717 | |||
| Jensen Alpha | 0.9471 | |||
| Total Risk Alpha | 0.2212 | |||
| Sortino Ratio | 0.2271 | |||
| Treynor Ratio | 1.31 |
Gas Backtested Returns
Gas is very risky given 3 months investment horizon. Gas holds Efficiency (Sharpe) Ratio of 0.24, which attests that digital coin had a 0.24% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.17% are justified by taking the suggested risk. Use Gas Risk Adjusted Performance of 0.1717, market risk adjusted performance of 1.32, and Downside Deviation of 4.06 to evaluate coin specific risk that cannot be diversified away. The crypto retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gas is expected to be smaller as well.
Auto-correlation | -0.54 |
Good reverse predictability
Gas has good reverse predictability. Overlapping area represents the amount of predictability between Gas 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 Gas price movement. The serial correlation of -0.54 indicates that about 54.0% of current Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Gas lagged returns against current returns
Autocorrelation, which is Gas 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 Gas' crypto coin expected returns. We can calculate the autocorrelation of Gas returns to help us make a trade decision. For example, suppose you find that Gas 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 |
Gas 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 Gas crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gas crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gas crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Gas Lagged Returns
When evaluating Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gas crypto coin have on its future price. Gas 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, Gas autocorrelation shows the relationship between Gas crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Gas.
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 Gas offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gas' 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 Gas Crypto.Check out Gas Correlation, Gas Volatility and Investing Opportunities module to complement your research on Gas. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Gas 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.