SNGLS Market Value
| SNGLS Crypto | USD 0.000068 0.000001 1.49% |
| Symbol | SNGLS |
SNGLS '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 SNGLS'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 SNGLS.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in SNGLS on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding SNGLS or generate 0.0% return on investment in SNGLS over 90 days. SNGLS is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. SNGLS is peer-to-peer digital currency powered by the Blockchain technology.
SNGLS 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 SNGLS'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 SNGLS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | 0.2038 | |||
| Maximum Drawdown | 20.7 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 6.82 |
SNGLS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SNGLS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SNGLS's standard deviation. In reality, there are many statistical measures that can use SNGLS historical prices to predict the future SNGLS's volatility.| Risk Adjusted Performance | 0.1948 | |||
| Jensen Alpha | 0.7615 | |||
| Total Risk Alpha | 0.2517 | |||
| Sortino Ratio | 0.1909 | |||
| Treynor Ratio | 1.99 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SNGLS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SNGLS Backtested Returns
SNGLS appears to be very volatile, given 3 months investment horizon. SNGLS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates digital coin had a 0.26% return per unit of volatility over the last 3 months. By examining SNGLS's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please review SNGLS's coefficient of variation of 408.66, and Risk Adjusted Performance of 0.1948 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SNGLS's returns are expected to increase less than the market. However, during the bear market, the loss of holding SNGLS is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
SNGLS has modest predictability. Overlapping area represents the amount of predictability between SNGLS 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 SNGLS price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current SNGLS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SNGLS lagged returns against current returns
Autocorrelation, which is SNGLS 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 SNGLS's crypto coin expected returns. We can calculate the autocorrelation of SNGLS returns to help us make a trade decision. For example, suppose you find that SNGLS 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 |
SNGLS 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 SNGLS crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SNGLS crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SNGLS crypto coin over time.
Current vs Lagged Prices |
| Timeline |
SNGLS Lagged Returns
When evaluating SNGLS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SNGLS crypto coin have on its future price. SNGLS 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, SNGLS autocorrelation shows the relationship between SNGLS crypto coin current value and its past values and can show if there is a momentum factor associated with investing in SNGLS.
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 SNGLS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SNGLS'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 Sngls Crypto.Check out SNGLS Correlation, SNGLS Volatility and Investing Opportunities module to complement your research on SNGLS. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
SNGLS 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.