Metis Token Market Value
| METIS Crypto | USD 60.75 0.53 0.86% |
| Symbol | Metis |
Metis Token '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 Metis Token'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 Metis Token.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Metis Token on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Metis Token or generate 0.0% return on investment in Metis Token over 30 days. Metis Token is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. Metis Token is peer-to-peer digital currency powered by the Blockchain technology.
Metis Token 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 Metis Token'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 Metis Token upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.0 | |||
| Information Ratio | 0.1107 | |||
| Maximum Drawdown | 40.71 | |||
| Value At Risk | (8.41) | |||
| Potential Upside | 16.78 |
Metis Token Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metis Token's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metis Token's standard deviation. In reality, there are many statistical measures that can use Metis Token historical prices to predict the future Metis Token's volatility.| Risk Adjusted Performance | 0.1067 | |||
| Jensen Alpha | 0.693 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.1409 | |||
| Treynor Ratio | 0.4268 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Metis Token's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Metis Token Backtested Returns
Metis Token is unreasonably risky given 3 months investment horizon. Metis Token has Sharpe Ratio of 0.17, which conveys that digital coin had a 0.17% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.33% are justified by taking the suggested risk. Use Metis Token Mean Deviation of 5.46, risk adjusted performance of 0.1067, and Downside Deviation of 6.0 to evaluate coin specific risk that cannot be diversified away. The crypto secures a Beta (Market Risk) of 2.26, 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, Metis Token will likely underperform.
Auto-correlation | 0.75 |
Good predictability
Metis Token has good predictability. Overlapping area represents the amount of predictability between Metis Token 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 Metis Token price movement. The serial correlation of 0.75 indicates that around 75.0% of current Metis Token price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 47.47 |
Metis Token lagged returns against current returns
Autocorrelation, which is Metis Token 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 Metis Token's crypto coin expected returns. We can calculate the autocorrelation of Metis Token returns to help us make a trade decision. For example, suppose you find that Metis Token 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 |
Metis Token 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 Metis Token crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metis Token crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metis Token crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Metis Token Lagged Returns
When evaluating Metis Token's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metis Token crypto coin have on its future price. Metis Token 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, Metis Token autocorrelation shows the relationship between Metis Token crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Metis Token.
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 Metis Token offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Metis Token'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 Metis Token Crypto.Check out Metis Token Correlation, Metis Token Volatility and Investing Opportunities module to complement your research on Metis Token. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Metis Token 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.