THC Market Value
| THC Crypto | USD 0 0.00001 1.03% |
| Symbol | THC |
THC '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 THC'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 THC.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in THC on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding THC or generate 0.0% return on investment in THC over 90 days. THC is related to or competes with Dogecoin, Litecoin, and Decred. THC is peer-to-peer digital currency powered by the Blockchain technology.
THC 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 THC'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 THC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.81 | |||
| Information Ratio | 0.1028 | |||
| Maximum Drawdown | 446.55 | |||
| Value At Risk | (29.68) | |||
| Potential Upside | 14.73 |
THC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for THC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as THC's standard deviation. In reality, there are many statistical measures that can use THC historical prices to predict the future THC's volatility.| Risk Adjusted Performance | 0.0904 | |||
| Jensen Alpha | 6.62 | |||
| Total Risk Alpha | (3.42) | |||
| Sortino Ratio | 0.2874 | |||
| Treynor Ratio | (0.93) |
THC Backtested Returns
THC is abnormally risky given 3 months investment horizon. THC retains Efficiency (Sharpe Ratio) of 0.11, which indicates digital coin had a 0.11% return per unit of volatility over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 5.96% are justified by taking the suggested risk. Use THC risk adjusted performance of 0.0904, and Downside Deviation of 19.81 to evaluate coin specific risk that cannot be diversified away. The entity owns a Beta (Systematic Risk) of -6.27, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning THC are expected to decrease by larger amounts. On the other hand, during market turmoil, THC is expected to outperform it.
Auto-correlation | -0.26 |
Weak reverse predictability
THC has weak reverse predictability. Overlapping area represents the amount of predictability between THC 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 THC price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current THC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
THC lagged returns against current returns
Autocorrelation, which is THC 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 THC's crypto coin expected returns. We can calculate the autocorrelation of THC returns to help us make a trade decision. For example, suppose you find that THC 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 |
THC 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 THC crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if THC crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in THC crypto coin over time.
Current vs Lagged Prices |
| Timeline |
THC Lagged Returns
When evaluating THC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of THC crypto coin have on its future price. THC 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, THC autocorrelation shows the relationship between THC crypto coin current value and its past values and can show if there is a momentum factor associated with investing in THC.
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 THC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of THC'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 Thc Crypto.Check out THC Correlation, THC Volatility and Investing Opportunities module to complement your research on THC. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
THC 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.