POT Market Value
| POT Crypto | USD 0.0006 0.000006 1.03% |
| Symbol | POT |
POT '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 POT'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 POT.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in POT on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding POT or generate 0.0% return on investment in POT over 30 days. POT is related to or competes with Dogecoin, Litecoin, and Decred. POT is peer-to-peer digital currency powered by the Blockchain technology.
POT 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 POT'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 POT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.214 | |||
| Maximum Drawdown | 20.92 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 6.46 |
POT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for POT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as POT's standard deviation. In reality, there are many statistical measures that can use POT historical prices to predict the future POT's volatility.| Risk Adjusted Performance | 0.2027 | |||
| Jensen Alpha | 0.8211 | |||
| Total Risk Alpha | 0.285 | |||
| Sortino Ratio | 0.2695 | |||
| Treynor Ratio | 4.8 |
POT Backtested Returns
POT appears to be very volatile, given 3 months investment horizon. POT maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies digital coin had a 0.25% return per unit of standard deviation over the last 3 months. By reviewing POT's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please evaluate POT's Market Risk Adjusted Performance of 4.81, semi deviation of 1.91, and Risk Adjusted Performance of 0.2027 to confirm if our risk estimates are consistent with your expectations. The crypto holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, POT's returns are expected to increase less than the market. However, during the bear market, the loss of holding POT is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
POT has average predictability. Overlapping area represents the amount of predictability between POT time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 POT price movement. The serial correlation of 0.43 indicates that just about 43.0% of current POT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
POT lagged returns against current returns
Autocorrelation, which is POT 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 POT's crypto coin expected returns. We can calculate the autocorrelation of POT returns to help us make a trade decision. For example, suppose you find that POT 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 |
POT 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 POT crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if POT crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in POT crypto coin over time.
Current vs Lagged Prices |
| Timeline |
POT Lagged Returns
When evaluating POT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of POT crypto coin have on its future price. POT 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, POT autocorrelation shows the relationship between POT crypto coin current value and its past values and can show if there is a momentum factor associated with investing in POT.
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 POT offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of POT'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 Pot Crypto.Check out POT Correlation, POT Volatility and Investing Opportunities module to complement your research on POT. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
POT 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.