YOYOW Market Value
| YOYOW Crypto | USD 0.01 0.000024 0.31% |
| Symbol | YOYOW |
YOYOW '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 YOYOW'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 YOYOW.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in YOYOW on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding YOYOW or generate 0.0% return on investment in YOYOW over 30 days. YOYOW is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. YOYOW is peer-to-peer digital currency powered by the Blockchain technology.
YOYOW 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 YOYOW'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 YOYOW upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | 0.1824 | |||
| Maximum Drawdown | 20.76 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 6.42 |
YOYOW Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YOYOW's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YOYOW's standard deviation. In reality, there are many statistical measures that can use YOYOW historical prices to predict the future YOYOW's volatility.| Risk Adjusted Performance | 0.1772 | |||
| Jensen Alpha | 0.6657 | |||
| Total Risk Alpha | 0.2028 | |||
| Sortino Ratio | 0.231 | |||
| Treynor Ratio | 1.49 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of YOYOW's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
YOYOW Backtested Returns
YOYOW appears to be very volatile, given 3 months investment horizon. YOYOW shows Sharpe Ratio of 0.24, which attests that digital coin had a 0.24% return per unit of risk over the last 3 months. By examining YOYOW's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please utilize YOYOW's Market Risk Adjusted Performance of 1.5, mean deviation of 2.14, and Downside Deviation of 2.61 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, YOYOW's returns are expected to increase less than the market. However, during the bear market, the loss of holding YOYOW is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
YOYOW has average predictability. Overlapping area represents the amount of predictability between YOYOW time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 YOYOW price movement. The serial correlation of 0.47 indicates that about 47.0% of current YOYOW price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
YOYOW lagged returns against current returns
Autocorrelation, which is YOYOW 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 YOYOW's crypto coin expected returns. We can calculate the autocorrelation of YOYOW returns to help us make a trade decision. For example, suppose you find that YOYOW 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 |
YOYOW 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 YOYOW crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YOYOW crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YOYOW crypto coin over time.
Current vs Lagged Prices |
| Timeline |
YOYOW Lagged Returns
When evaluating YOYOW's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YOYOW crypto coin have on its future price. YOYOW 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, YOYOW autocorrelation shows the relationship between YOYOW crypto coin current value and its past values and can show if there is a momentum factor associated with investing in YOYOW.
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 YOYOW offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of YOYOW'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 Yoyow Crypto.Check out YOYOW Correlation, YOYOW Volatility and Investing Opportunities module to complement your research on YOYOW. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
YOYOW 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.