VIA Market Value
| VIA Crypto | USD 0.01 0.0002 1.46% |
| Symbol | VIA |
VIA '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 VIA'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 VIA.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in VIA on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding VIA or generate 0.0% return on investment in VIA over 90 days. VIA is related to or competes with Bitcoin, Dogecoin, Bitcoin Cash, Litecoin, Ethereum Classic, Arweave, and Bitcoin SV. VIA is peer-to-peer digital currency powered by the Blockchain technology.
VIA 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 VIA'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 VIA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.2002 | |||
| Maximum Drawdown | 20.79 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 6.42 |
VIA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VIA's standard deviation. In reality, there are many statistical measures that can use VIA historical prices to predict the future VIA's volatility.| Risk Adjusted Performance | 0.192 | |||
| Jensen Alpha | 0.782 | |||
| Total Risk Alpha | 0.2399 | |||
| Sortino Ratio | 0.2468 | |||
| Treynor Ratio | 4.88 |
VIA Backtested Returns
VIA appears to be very volatile, given 3 months investment horizon. VIA retains Efficiency (Sharpe Ratio) of 0.26, which indicates digital coin had a 0.26% return per unit of volatility over the last 3 months. By evaluating VIA's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please review VIA's downside deviation of 2.74, and Risk Adjusted Performance of 0.192 to confirm if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VIA's returns are expected to increase less than the market. However, during the bear market, the loss of holding VIA is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
VIA has modest predictability. Overlapping area represents the amount of predictability between VIA 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 VIA price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current VIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
VIA lagged returns against current returns
Autocorrelation, which is VIA 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 VIA's crypto coin expected returns. We can calculate the autocorrelation of VIA returns to help us make a trade decision. For example, suppose you find that VIA 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 |
VIA 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 VIA crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VIA crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VIA crypto coin over time.
Current vs Lagged Prices |
| Timeline |
VIA Lagged Returns
When evaluating VIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VIA crypto coin have on its future price. VIA 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, VIA autocorrelation shows the relationship between VIA crypto coin current value and its past values and can show if there is a momentum factor associated with investing in VIA.
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 VIA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VIA'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 Via Crypto.Check out VIA Correlation, VIA Volatility and Investing Opportunities module to complement your research on VIA. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
VIA 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.