OmiseGO Market Value
| OMG Crypto | USD 0.49 0.01 2.08% |
| Symbol | OmiseGO |
OmiseGO '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 OmiseGO'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 OmiseGO.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in OmiseGO on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding OmiseGO or generate 0.0% return on investment in OmiseGO over 180 days. OmiseGO is related to or competes with Ethereum, XRP, Solana, Cardano, Staked Ether, Sui, and Toncoin. OMG is peer-to-peer digital currency powered by the Blockchain technology.
OmiseGO 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 OmiseGO'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 OmiseGO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.73 | |||
| Information Ratio | 0.1726 | |||
| Maximum Drawdown | 62.12 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 12.0 |
OmiseGO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OmiseGO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OmiseGO's standard deviation. In reality, there are many statistical measures that can use OmiseGO historical prices to predict the future OmiseGO's volatility.| Risk Adjusted Performance | 0.1538 | |||
| Jensen Alpha | 1.39 | |||
| Total Risk Alpha | 0.1738 | |||
| Sortino Ratio | 0.2106 | |||
| Treynor Ratio | 1.3 |
OmiseGO Backtested Returns
OmiseGO is exceptionally volatile given 3 months investment horizon. OmiseGO maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies digital coin had a 0.19% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.61% are justified by taking the suggested risk. Use OmiseGO Coefficient Of Variation of 528.24, risk adjusted performance of 0.1538, and Semi Deviation of 3.99 to evaluate coin specific risk that cannot be diversified away. The crypto holds a Beta of 1.19, which implies 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, OmiseGO will likely underperform.
Auto-correlation | -0.4 |
Poor reverse predictability
OmiseGO has poor reverse predictability. Overlapping area represents the amount of predictability between OmiseGO time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 OmiseGO price movement. The serial correlation of -0.4 indicates that just about 40.0% of current OmiseGO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OmiseGO lagged returns against current returns
Autocorrelation, which is OmiseGO 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 OmiseGO's crypto coin expected returns. We can calculate the autocorrelation of OmiseGO returns to help us make a trade decision. For example, suppose you find that OmiseGO 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 |
OmiseGO 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 OmiseGO crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OmiseGO crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OmiseGO crypto coin over time.
Current vs Lagged Prices |
| Timeline |
OmiseGO Lagged Returns
When evaluating OmiseGO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OmiseGO crypto coin have on its future price. OmiseGO 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, OmiseGO autocorrelation shows the relationship between OmiseGO crypto coin current value and its past values and can show if there is a momentum factor associated with investing in OmiseGO.
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 OmiseGO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OmiseGO'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 Omisego Crypto.Check out OmiseGO Correlation, OmiseGO Volatility and Investing Opportunities module to complement your research on OmiseGO. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
OmiseGO 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.