Taiko Market Value
| TAIKO Crypto | USD 2.12 0.17 8.72% |
| Symbol | Taiko |
Taiko '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 Taiko'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 Taiko.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in Taiko on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding Taiko or generate 0.0% return on investment in Taiko over 90 days. Taiko is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. Taiko is peer-to-peer digital currency powered by the Blockchain technology.
Taiko 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 Taiko'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 Taiko upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.73 | |||
| Information Ratio | 0.0595 | |||
| Maximum Drawdown | 24.71 | |||
| Value At Risk | (6.74) | |||
| Potential Upside | 10.0 |
Taiko Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiko's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiko's standard deviation. In reality, there are many statistical measures that can use Taiko historical prices to predict the future Taiko's volatility.| Risk Adjusted Performance | 0.0729 | |||
| Jensen Alpha | 0.3997 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.0706 | |||
| Treynor Ratio | 0.9544 |
Taiko Backtested Returns
Taiko appears to be extremely risky, given 3 months investment horizon. Taiko owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates digital coin had a 0.13% return per unit of risk over the last 3 months. By inspecting Taiko's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Taiko's Risk Adjusted Performance of 0.0729, coefficient of variation of 1189.47, and Semi Deviation of 4.34 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Taiko's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiko is expected to be smaller as well.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Taiko has insignificant reverse predictability. Overlapping area represents the amount of predictability between Taiko 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 Taiko price movement. The serial correlation of -0.17 indicates that over 17.0% of current Taiko price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Taiko lagged returns against current returns
Autocorrelation, which is Taiko 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 Taiko's crypto coin expected returns. We can calculate the autocorrelation of Taiko returns to help us make a trade decision. For example, suppose you find that Taiko 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 |
Taiko 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 Taiko crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiko crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiko crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Taiko Lagged Returns
When evaluating Taiko's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiko crypto coin have on its future price. Taiko 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, Taiko autocorrelation shows the relationship between Taiko crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Taiko.
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 Taiko offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Taiko'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 Taiko Crypto.Check out Taiko Correlation, Taiko Volatility and Investing Opportunities module to complement your research on Taiko. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Taiko 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.