Render Token Market Value
| RNDR Crypto | USD 8.89 0.17 1.95% |
| Symbol | Render |
Render 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 Render 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 Render Token.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Render Token on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Render Token or generate 0.0% return on investment in Render Token over 30 days. Render Token is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. Render Token is peer-to-peer digital currency powered by the Blockchain technology.
Render 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 Render 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 Render Token upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.97 | |||
| Information Ratio | 0.1344 | |||
| Maximum Drawdown | 42.53 | |||
| Value At Risk | (6.50) | |||
| Potential Upside | 11.66 |
Render Token Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Render Token's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Render Token's standard deviation. In reality, there are many statistical measures that can use Render Token historical prices to predict the future Render Token's volatility.| Risk Adjusted Performance | 0.1268 | |||
| Jensen Alpha | 1.02 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.1876 | |||
| Treynor Ratio | 3.7 |
Render Token Backtested Returns
Render Token is unusually volatile given 3 months investment horizon. Render Token maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies 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 1.2% are justified by taking the suggested risk. Use Render Token Coefficient Of Variation of 648.09, risk adjusted performance of 0.1268, and Semi Deviation of 4.27 to evaluate coin specific risk that cannot be diversified away. The crypto holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, Render Token's returns are expected to increase less than the market. However, during the bear market, the loss of holding Render Token is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Render Token has very good predictability. Overlapping area represents the amount of predictability between Render Token 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 Render Token price movement. The serial correlation of 0.8 indicates that around 80.0% of current Render Token price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Render Token lagged returns against current returns
Autocorrelation, which is Render 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 Render Token's crypto coin expected returns. We can calculate the autocorrelation of Render Token returns to help us make a trade decision. For example, suppose you find that Render 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 |
Render 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 Render Token crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Render 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 Render Token crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Render Token Lagged Returns
When evaluating Render Token's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Render Token crypto coin have on its future price. Render 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, Render Token autocorrelation shows the relationship between Render Token crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Render 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 Render Token offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Render 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 Render Token Crypto.Check out Render Token Correlation, Render Token Volatility and Investing Opportunities module to complement your research on Render Token. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Render 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.