POLY Market Value
| POLY Crypto | USD 0.21 0.00 0.00% |
| Symbol | POLY |
POLY '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 POLY'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 POLY.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in POLY on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding POLY or generate 0.0% return on investment in POLY over 90 days. POLY is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. POLY is peer-to-peer digital currency powered by the Blockchain technology.
POLY 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 POLY'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 POLY upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) |
POLY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for POLY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as POLY's standard deviation. In reality, there are many statistical measures that can use POLY historical prices to predict the future POLY's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.78) | |||
| Total Risk Alpha | (1.94) | |||
| Treynor Ratio | 2.05 |
POLY Backtested Returns
POLY maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies digital coin had a -0.12% return per unit of volatility over the last 3 months. POLY exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check POLY's risk adjusted performance of (0.09), and Coefficient Of Variation of (812.40) to confirm the risk estimate we provide. The crypto holds a Beta of -0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning POLY are expected to decrease at a much lower rate. During the bear market, POLY is likely to outperform the market.
Auto-correlation | 1.00 |
Perfect predictability
POLY has perfect predictability. Overlapping area represents the amount of predictability between POLY 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 POLY price movement. The serial correlation of 1.0 indicates that 100.0% of current POLY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
POLY lagged returns against current returns
Autocorrelation, which is POLY 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 POLY's crypto coin expected returns. We can calculate the autocorrelation of POLY returns to help us make a trade decision. For example, suppose you find that POLY 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 |
POLY 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 POLY crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if POLY crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in POLY crypto coin over time.
Current vs Lagged Prices |
| Timeline |
POLY Lagged Returns
When evaluating POLY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of POLY crypto coin have on its future price. POLY 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, POLY autocorrelation shows the relationship between POLY crypto coin current value and its past values and can show if there is a momentum factor associated with investing in POLY.
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 POLY offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of POLY'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 Poly Crypto.Check out POLY Correlation, POLY Volatility and Investing Opportunities module to complement your research on POLY. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
POLY 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.