ULTRA Market Value
| ULTRA Crypto | USD 0.10 0 2.67% |
| Symbol | ULTRA |
ULTRA '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 ULTRA'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 ULTRA.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in ULTRA on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding ULTRA or generate 0.0% return on investment in ULTRA over 30 days. ULTRA is related to or competes with Staked Ether, EigenLayer, BLZ, Tokocrypto, and DIA. ULTRA is peer-to-peer digital currency powered by the Blockchain technology.
ULTRA 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 ULTRA'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 ULTRA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.19 | |||
| Information Ratio | 0.0432 | |||
| Maximum Drawdown | 20.63 | |||
| Value At Risk | (6.13) | |||
| Potential Upside | 9.9 |
ULTRA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ULTRA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ULTRA's standard deviation. In reality, there are many statistical measures that can use ULTRA historical prices to predict the future ULTRA's volatility.| Risk Adjusted Performance | 0.0613 | |||
| Jensen Alpha | 0.3082 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0493 | |||
| Treynor Ratio | 2.94 |
ULTRA Backtested Returns
ULTRA appears to be very risky, given 3 months investment horizon. ULTRA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0924, which indicates digital coin had a 0.0924% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for ULTRA, which you can use to evaluate the volatility of coin. Please review ULTRA's risk adjusted performance of 0.0613, and Coefficient Of Variation of 1444.81 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, ULTRA's returns are expected to increase less than the market. However, during the bear market, the loss of holding ULTRA is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
ULTRA has below average predictability. Overlapping area represents the amount of predictability between ULTRA time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 ULTRA price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current ULTRA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ULTRA lagged returns against current returns
Autocorrelation, which is ULTRA 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 ULTRA's crypto coin expected returns. We can calculate the autocorrelation of ULTRA returns to help us make a trade decision. For example, suppose you find that ULTRA 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 |
ULTRA 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 ULTRA crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ULTRA crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ULTRA crypto coin over time.
Current vs Lagged Prices |
| Timeline |
ULTRA Lagged Returns
When evaluating ULTRA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ULTRA crypto coin have on its future price. ULTRA 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, ULTRA autocorrelation shows the relationship between ULTRA crypto coin current value and its past values and can show if there is a momentum factor associated with investing in ULTRA.
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 ULTRA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ULTRA'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 Ultra Crypto.Check out ULTRA Correlation, ULTRA Volatility and Investing Opportunities module to complement your research on ULTRA. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
ULTRA 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.