Tether Gold Market Value
| XAUT Crypto | USD 2,659 1.87 0.07% |
| Symbol | Tether |
Tether Gold '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 Tether Gold'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 Tether Gold.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in Tether Gold on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding Tether Gold or generate 0.0% return on investment in Tether Gold over 90 days. Tether Gold is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. Tether Gold is peer-to-peer digital currency powered by the Blockchain technology.
Tether Gold 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 Tether Gold'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 Tether Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.68 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.57 |
Tether Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tether Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tether Gold's standard deviation. In reality, there are many statistical measures that can use Tether Gold historical prices to predict the future Tether Gold's volatility.| Risk Adjusted Performance | 0.0855 | |||
| Jensen Alpha | 0.1173 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.77) |
Tether Gold Backtested Returns
At this point, Tether Gold is relatively risky. Tether Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates digital coin had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tether Gold, which you can use to evaluate the volatility of coin. Please validate Tether Gold's Semi Deviation of 1.06, coefficient of variation of 920.73, and Risk Adjusted Performance of 0.0855 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tether Gold are expected to decrease at a much lower rate. During the bear market, Tether Gold is likely to outperform the market.
Auto-correlation | -0.67 |
Very good reverse predictability
Tether Gold has very good reverse predictability. Overlapping area represents the amount of predictability between Tether Gold 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 Tether Gold price movement. The serial correlation of -0.67 indicates that around 67.0% of current Tether Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 3823.42 |
Tether Gold lagged returns against current returns
Autocorrelation, which is Tether Gold 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 Tether Gold's crypto coin expected returns. We can calculate the autocorrelation of Tether Gold returns to help us make a trade decision. For example, suppose you find that Tether Gold 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 |
Tether Gold 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 Tether Gold crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tether Gold crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tether Gold crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Tether Gold Lagged Returns
When evaluating Tether Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tether Gold crypto coin have on its future price. Tether Gold 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, Tether Gold autocorrelation shows the relationship between Tether Gold crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Tether Gold.
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 Tether Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tether Gold'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 Tether Gold Crypto.Check out Tether Gold Correlation, Tether Gold Volatility and Investing Opportunities module to complement your research on Tether Gold. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Tether Gold 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.