Jupiter Market Value
| JUP Crypto | USD 1.16 0.01 0.87% |
| Symbol | Jupiter |
Jupiter '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 Jupiter'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 Jupiter.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in Jupiter on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding Jupiter or generate 0.0% return on investment in Jupiter over 90 days. Jupiter is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. Jupiter is peer-to-peer digital currency powered by the Blockchain technology.
Jupiter 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 Jupiter'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 Jupiter upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.96 | |||
| Information Ratio | 0.1244 | |||
| Maximum Drawdown | 21.89 | |||
| Value At Risk | (8.55) | |||
| Potential Upside | 8.79 |
Jupiter Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jupiter's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jupiter's standard deviation. In reality, there are many statistical measures that can use Jupiter historical prices to predict the future Jupiter's volatility.| Risk Adjusted Performance | 0.1236 | |||
| Jensen Alpha | 0.7026 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.1321 | |||
| Treynor Ratio | 1.24 |
Jupiter Backtested Returns
Jupiter appears to be extremely risky, given 3 months investment horizon. Jupiter holds Efficiency (Sharpe) Ratio of 0.17, which attests that digital coin had a 0.17% return per unit of risk over the last 3 months. By evaluating Jupiter's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please utilize Jupiter's Risk Adjusted Performance of 0.1236, downside deviation of 4.96, and Market Risk Adjusted Performance of 1.25 to validate if our risk estimates are consistent with your expectations. The crypto retains a Market Volatility (i.e., Beta) of 0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jupiter's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jupiter is expected to be smaller as well.
Auto-correlation | 0.53 |
Modest predictability
Jupiter has modest predictability. Overlapping area represents the amount of predictability between Jupiter 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 Jupiter price movement. The serial correlation of 0.53 indicates that about 53.0% of current Jupiter price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Jupiter lagged returns against current returns
Autocorrelation, which is Jupiter 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 Jupiter's crypto coin expected returns. We can calculate the autocorrelation of Jupiter returns to help us make a trade decision. For example, suppose you find that Jupiter 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 |
Jupiter 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 Jupiter crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jupiter crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jupiter crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Jupiter Lagged Returns
When evaluating Jupiter's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jupiter crypto coin have on its future price. Jupiter 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, Jupiter autocorrelation shows the relationship between Jupiter crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Jupiter.
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 Jupiter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Jupiter'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 Jupiter Crypto.Check out Jupiter Correlation, Jupiter Volatility and Investing Opportunities module to complement your research on Jupiter. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Jupiter 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.