OOKI Market Value
| OOKI Crypto | USD 0 0 1,913% |
| Symbol | OOKI |
OOKI '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 OOKI'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 OOKI.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in OOKI on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding OOKI or generate 0.0% return on investment in OOKI over 30 days. OOKI is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. OOKI is peer-to-peer digital currency powered by the Blockchain technology.
OOKI 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 OOKI'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 OOKI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.24 | |||
| Information Ratio | 0.1088 | |||
| Maximum Drawdown | 64.65 | |||
| Value At Risk | (18.25) | |||
| Potential Upside | 5.74 |
OOKI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OOKI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OOKI's standard deviation. In reality, there are many statistical measures that can use OOKI historical prices to predict the future OOKI's volatility.| Risk Adjusted Performance | 0.0936 | |||
| Jensen Alpha | 23.48 | |||
| Total Risk Alpha | (10.81) | |||
| Sortino Ratio | 1.72 | |||
| Treynor Ratio | 2.72 |
OOKI Backtested Returns
OOKI is abnormally risky given 3 months investment horizon. OOKI maintains Sharpe Ratio (i.e., Efficiency) of 0.0993, which implies digital coin had a 0.0993% return per unit of volatility over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 12.5% are justified by taking the suggested risk. Use OOKI semi deviation of 9.68, and Risk Adjusted Performance of 0.0936 to evaluate coin specific risk that cannot be diversified away. The crypto holds a Beta of 9.03, 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, OOKI will likely underperform.
Auto-correlation | -0.27 |
Weak reverse predictability
OOKI has weak reverse predictability. Overlapping area represents the amount of predictability between OOKI 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 OOKI price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current OOKI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OOKI lagged returns against current returns
Autocorrelation, which is OOKI 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 OOKI's crypto coin expected returns. We can calculate the autocorrelation of OOKI returns to help us make a trade decision. For example, suppose you find that OOKI 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 |
OOKI 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 OOKI crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OOKI crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OOKI crypto coin over time.
Current vs Lagged Prices |
| Timeline |
OOKI Lagged Returns
When evaluating OOKI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OOKI crypto coin have on its future price. OOKI 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, OOKI autocorrelation shows the relationship between OOKI crypto coin current value and its past values and can show if there is a momentum factor associated with investing in OOKI.
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 OOKI offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OOKI'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 Ooki Crypto.Check out OOKI Correlation, OOKI Volatility and Investing Opportunities module to complement your research on OOKI. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
OOKI 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.