Thorchain Market Value
| RUNE Crypto | USD 6.49 0.31 5.02% |
| Symbol | Thorchain |
Thorchain '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 Thorchain'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 Thorchain.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Thorchain on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Thorchain or generate 0.0% return on investment in Thorchain over 720 days. Thorchain is related to or competes with XRP, Solana, Staked Ether, Toncoin, Worldcoin, Sui, and Stellar. Thorchain is peer-to-peer digital currency powered by the Blockchain technology.
Thorchain 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 Thorchain'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 Thorchain upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.88 | |||
| Information Ratio | 0.1189 | |||
| Maximum Drawdown | 35.92 | |||
| Value At Risk | (8.32) | |||
| Potential Upside | 10.75 |
Thorchain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thorchain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thorchain's standard deviation. In reality, there are many statistical measures that can use Thorchain historical prices to predict the future Thorchain's volatility.| Risk Adjusted Performance | 0.1165 | |||
| Jensen Alpha | 0.8852 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.1262 | |||
| Treynor Ratio | (7.62) |
Thorchain Backtested Returns
Thorchain appears to be unusually volatile, given 3 months investment horizon. Thorchain owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates digital coin had a 0.15% return per unit of risk over the last 3 months. By inspecting Thorchain's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please review Thorchain's Semi Deviation of 5.06, coefficient of variation of 709.37, and Risk Adjusted Performance of 0.1165 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thorchain are expected to decrease at a much lower rate. During the bear market, Thorchain is likely to outperform the market.
Auto-correlation | -0.61 |
Very good reverse predictability
Thorchain has very good reverse predictability. Overlapping area represents the amount of predictability between Thorchain time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Thorchain price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Thorchain price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
Thorchain lagged returns against current returns
Autocorrelation, which is Thorchain 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 Thorchain's crypto coin expected returns. We can calculate the autocorrelation of Thorchain returns to help us make a trade decision. For example, suppose you find that Thorchain 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 |
Thorchain 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 Thorchain crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thorchain crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thorchain crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Thorchain Lagged Returns
When evaluating Thorchain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thorchain crypto coin have on its future price. Thorchain 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, Thorchain autocorrelation shows the relationship between Thorchain crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Thorchain.
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 Thorchain offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thorchain'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 Thorchain Crypto.Check out Thorchain Correlation, Thorchain Volatility and Investing Opportunities module to complement your research on Thorchain. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Thorchain 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.