Kaspa Market Value
| KAS Crypto | USD 0.16 0.01 6.67% |
| Symbol | Kaspa |
Kaspa '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 Kaspa'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 Kaspa.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in Kaspa on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding Kaspa or generate 0.0% return on investment in Kaspa over 90 days. Kaspa is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. Kaspa is peer-to-peer digital currency powered by the Blockchain technology.
Kaspa 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 Kaspa'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 Kaspa upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.51 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 36.51 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 9.09 |
Kaspa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kaspa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kaspa's standard deviation. In reality, there are many statistical measures that can use Kaspa historical prices to predict the future Kaspa's volatility.| Risk Adjusted Performance | 0.0162 | |||
| Jensen Alpha | 0.2239 | |||
| Total Risk Alpha | (1.13) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.04) |
Kaspa Backtested Returns
Kaspa appears to be unreasonably risky, given 3 months investment horizon. Kaspa has Sharpe Ratio of 0.0355, which conveys that digital coin had a 0.0355% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kaspa, which you can use to evaluate the volatility of coin. Please exercise Kaspa's Mean Deviation of 4.84, downside deviation of 10.51, and Risk Adjusted Performance of 0.0162 to check out if our risk estimates are consistent with your expectations. The crypto secures a Beta (Market Risk) of -1.3, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Kaspa are expected to decrease by larger amounts. On the other hand, during market turmoil, Kaspa is expected to outperform it.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Kaspa has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Kaspa 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 Kaspa price movement. The serial correlation of -0.76 indicates that around 76.0% of current Kaspa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kaspa lagged returns against current returns
Autocorrelation, which is Kaspa 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 Kaspa's crypto coin expected returns. We can calculate the autocorrelation of Kaspa returns to help us make a trade decision. For example, suppose you find that Kaspa 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 |
Kaspa 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 Kaspa crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kaspa crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kaspa crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Kaspa Lagged Returns
When evaluating Kaspa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kaspa crypto coin have on its future price. Kaspa 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, Kaspa autocorrelation shows the relationship between Kaspa crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Kaspa.
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 Kaspa offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kaspa'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 Kaspa Crypto.Check out Kaspa Correlation, Kaspa Volatility and Investing Opportunities module to complement your research on Kaspa. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Kaspa 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.