UGAS Market Value
| UGAS Crypto | USD 0.0004 0.000004 1.03% |
| Symbol | UGAS |
UGAS '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 UGAS'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 UGAS.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in UGAS on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding UGAS or generate 0.0% return on investment in UGAS over 90 days. UGAS is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. UGAS is peer-to-peer digital currency powered by the Blockchain technology.
UGAS 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 UGAS'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 UGAS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.88 | |||
| Information Ratio | 0.1905 | |||
| Maximum Drawdown | 20.54 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 6.45 |
UGAS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UGAS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UGAS's standard deviation. In reality, there are many statistical measures that can use UGAS historical prices to predict the future UGAS's volatility.| Risk Adjusted Performance | 0.1846 | |||
| Jensen Alpha | 0.7496 | |||
| Total Risk Alpha | 0.2068 | |||
| Sortino Ratio | 0.2228 | |||
| Treynor Ratio | 5.19 |
UGAS Backtested Returns
UGAS appears to be very volatile, given 3 months investment horizon. UGAS retains Efficiency (Sharpe Ratio) of 0.25, which indicates digital coin had a 0.25% return per unit of volatility over the last 3 months. By evaluating UGAS's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please review UGAS's risk adjusted performance of 0.1846, and Downside Deviation of 2.88 to confirm if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, UGAS's returns are expected to increase less than the market. However, during the bear market, the loss of holding UGAS is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
UGAS has modest predictability. Overlapping area represents the amount of predictability between UGAS 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 UGAS price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current UGAS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
UGAS lagged returns against current returns
Autocorrelation, which is UGAS 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 UGAS's crypto coin expected returns. We can calculate the autocorrelation of UGAS returns to help us make a trade decision. For example, suppose you find that UGAS 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 |
UGAS 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 UGAS crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UGAS crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UGAS crypto coin over time.
Current vs Lagged Prices |
| Timeline |
UGAS Lagged Returns
When evaluating UGAS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UGAS crypto coin have on its future price. UGAS 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, UGAS autocorrelation shows the relationship between UGAS crypto coin current value and its past values and can show if there is a momentum factor associated with investing in UGAS.
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 UGAS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of UGAS'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 Ugas Crypto.Check out UGAS Correlation, UGAS Volatility and Investing Opportunities module to complement your research on UGAS. You can also try the Stocks Directory module to find actively traded stocks across global markets.
UGAS 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.