GRIN Market Value
| GRIN Crypto | USD 0.05 0.01 15.37% |
| Symbol | GRIN |
GRIN '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 GRIN'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 GRIN.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in GRIN on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding GRIN or generate 0.0% return on investment in GRIN over 90 days. GRIN is related to or competes with Bitcoin, Dogecoin, Bitcoin Cash, Litecoin, Ethereum Classic, Arweave, and Bitcoin SV. GRIN is peer-to-peer digital currency powered by the Blockchain technology.
GRIN 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 GRIN'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 GRIN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.04 | |||
| Information Ratio | 0.088 | |||
| Maximum Drawdown | 27.96 | |||
| Value At Risk | (5.70) | |||
| Potential Upside | 8.78 |
GRIN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GRIN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GRIN's standard deviation. In reality, there are many statistical measures that can use GRIN historical prices to predict the future GRIN's volatility.| Risk Adjusted Performance | 0.0965 | |||
| Jensen Alpha | 0.4763 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.1107 | |||
| Treynor Ratio | 0.7445 |
GRIN Backtested Returns
GRIN appears to be extremely risky, given 3 months investment horizon. GRIN holds Efficiency (Sharpe) Ratio of 0.14, which attests that digital coin had a 0.14% return per unit of risk over the last 3 months. By analyzing GRIN's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please utilize GRIN's Market Risk Adjusted Performance of 0.7545, risk adjusted performance of 0.0965, and Semi Deviation of 3.84 to validate if our risk estimates are consistent with your expectations. The crypto retains a Market Volatility (i.e., Beta) of 0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GRIN's returns are expected to increase less than the market. However, during the bear market, the loss of holding GRIN is expected to be smaller as well.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
GRIN has almost perfect reverse predictability. Overlapping area represents the amount of predictability between GRIN 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 GRIN price movement. The serial correlation of -0.77 indicates that around 77.0% of current GRIN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GRIN lagged returns against current returns
Autocorrelation, which is GRIN 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 GRIN's crypto coin expected returns. We can calculate the autocorrelation of GRIN returns to help us make a trade decision. For example, suppose you find that GRIN 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 |
GRIN 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 GRIN crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GRIN crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GRIN crypto coin over time.
Current vs Lagged Prices |
| Timeline |
GRIN Lagged Returns
When evaluating GRIN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GRIN crypto coin have on its future price. GRIN 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, GRIN autocorrelation shows the relationship between GRIN crypto coin current value and its past values and can show if there is a momentum factor associated with investing in GRIN.
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 GRIN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GRIN'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 Grin Crypto.Check out GRIN Correlation, GRIN Volatility and Investing Opportunities module to complement your research on GRIN. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
GRIN 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.