Kadena Market Value
| KDA Crypto | USD 1.21 0.02 1.68% |
| Symbol | Kadena |
Kadena '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 Kadena'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 Kadena.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Kadena on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Kadena or generate 0.0% return on investment in Kadena over 720 days. Kadena is related to or competes with XRP, Solana, Staked Ether, Toncoin, Worldcoin, Sui, and Stellar. Kadena is peer-to-peer digital currency powered by the Blockchain technology.
Kadena 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 Kadena'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 Kadena upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.15 | |||
| Information Ratio | 0.1927 | |||
| Maximum Drawdown | 38.52 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 12.5 |
Kadena Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kadena's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kadena's standard deviation. In reality, there are many statistical measures that can use Kadena historical prices to predict the future Kadena's volatility.| Risk Adjusted Performance | 0.1713 | |||
| Jensen Alpha | 1.28 | |||
| Total Risk Alpha | 0.3073 | |||
| Sortino Ratio | 0.3238 | |||
| Treynor Ratio | 0.9556 |
Kadena Backtested Returns
Kadena is unreasonably risky given 3 months investment horizon. Kadena has Sharpe Ratio of 0.22, which conveys that digital coin had a 0.22% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.53% are justified by taking the suggested risk. Use Kadena Downside Deviation of 4.15, mean deviation of 5.06, and Risk Adjusted Performance of 0.1713 to evaluate coin specific risk that cannot be diversified away. The crypto secures a Beta (Market Risk) of 1.54, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Kadena will likely underperform.
Auto-correlation | -0.46 |
Modest reverse predictability
Kadena has modest reverse predictability. Overlapping area represents the amount of predictability between Kadena time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Kadena price movement. The serial correlation of -0.46 indicates that about 46.0% of current Kadena price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Kadena lagged returns against current returns
Autocorrelation, which is Kadena 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 Kadena's crypto coin expected returns. We can calculate the autocorrelation of Kadena returns to help us make a trade decision. For example, suppose you find that Kadena 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 |
Kadena 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 Kadena crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kadena crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kadena crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Kadena Lagged Returns
When evaluating Kadena's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kadena crypto coin have on its future price. Kadena 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, Kadena autocorrelation shows the relationship between Kadena crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Kadena.
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 Kadena offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kadena'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 Kadena Crypto.Check out Kadena Correlation, Kadena Volatility and Investing Opportunities module to complement your research on Kadena. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Kadena 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.