Gnosis Market Value
| GNO Crypto | USD 271.27 1.15 0.42% |
| Symbol | Gnosis |
Gnosis '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 Gnosis' 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 Gnosis.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Gnosis on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Gnosis or generate 0.0% return on investment in Gnosis over 30 days. Gnosis is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. Gnosis is peer-to-peer digital currency powered by the Blockchain technology.
Gnosis 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 Gnosis' 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 Gnosis upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.32 | |||
| Information Ratio | 0.1692 | |||
| Maximum Drawdown | 22.42 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 6.83 |
Gnosis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gnosis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gnosis' standard deviation. In reality, there are many statistical measures that can use Gnosis historical prices to predict the future Gnosis' volatility.| Risk Adjusted Performance | 0.1614 | |||
| Jensen Alpha | 0.7983 | |||
| Total Risk Alpha | 0.1692 | |||
| Sortino Ratio | 0.2133 | |||
| Treynor Ratio | 3.38 |
Gnosis Backtested Returns
Gnosis is very risky given 3 months investment horizon. Gnosis 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 were able to break down and interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.0% are justified by taking the suggested risk. Use Gnosis Risk Adjusted Performance of 0.1614, market risk adjusted performance of 3.39, and Downside Deviation of 3.32 to evaluate coin specific risk that cannot be diversified away. The crypto retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gnosis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gnosis is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
Gnosis has good predictability. Overlapping area represents the amount of predictability between Gnosis 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 Gnosis price movement. The serial correlation of 0.77 indicates that around 77.0% of current Gnosis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 85.71 |
Gnosis lagged returns against current returns
Autocorrelation, which is Gnosis 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 Gnosis' crypto coin expected returns. We can calculate the autocorrelation of Gnosis returns to help us make a trade decision. For example, suppose you find that Gnosis 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 |
Gnosis 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 Gnosis crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gnosis crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gnosis crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Gnosis Lagged Returns
When evaluating Gnosis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gnosis crypto coin have on its future price. Gnosis 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, Gnosis autocorrelation shows the relationship between Gnosis crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Gnosis.
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 Gnosis offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gnosis' 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 Gnosis Crypto.Check out Gnosis Correlation, Gnosis Volatility and Investing Opportunities module to complement your research on Gnosis. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Gnosis 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.