Horizen Market Value
| ZEN Crypto | USD 16.33 1.48 9.97% |
| Symbol | Horizen |
Horizen '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 Horizen'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 Horizen.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Horizen on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Horizen or generate 0.0% return on investment in Horizen over 30 days. Horizen is related to or competes with Bitcoin, Dogecoin, Bitcoin Cash, Litecoin, Ethereum Classic, Arweave, and Bitcoin SV. Horizen is peer-to-peer digital currency powered by the Blockchain technology.
Horizen 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 Horizen'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 Horizen upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.1 | |||
| Information Ratio | 0.1782 | |||
| Maximum Drawdown | 44.32 | |||
| Value At Risk | (5.78) | |||
| Potential Upside | 11.94 |
Horizen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizen's standard deviation. In reality, there are many statistical measures that can use Horizen historical prices to predict the future Horizen's volatility.| Risk Adjusted Performance | 0.1609 | |||
| Jensen Alpha | 1.11 | |||
| Total Risk Alpha | 0.2021 | |||
| Sortino Ratio | 0.2883 | |||
| Treynor Ratio | 0.8472 |
Horizen Backtested Returns
Horizen is unusually volatile given 3 months investment horizon. Horizen holds Efficiency (Sharpe) Ratio of 0.2, which attests that digital coin had a 0.2% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.36% are justified by taking the suggested risk. Use Horizen Risk Adjusted Performance of 0.1609, downside deviation of 4.1, and Market Risk Adjusted Performance of 0.8572 to evaluate coin specific risk that cannot be diversified away. The crypto retains a Market Volatility (i.e., Beta) of 1.55, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Horizen will likely underperform.
Auto-correlation | 0.93 |
Excellent predictability
Horizen has excellent predictability. Overlapping area represents the amount of predictability between Horizen time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Horizen price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Horizen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 9.43 |
Horizen lagged returns against current returns
Autocorrelation, which is Horizen 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 Horizen's crypto coin expected returns. We can calculate the autocorrelation of Horizen returns to help us make a trade decision. For example, suppose you find that Horizen 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 |
Horizen 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 Horizen crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizen crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizen crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Horizen Lagged Returns
When evaluating Horizen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizen crypto coin have on its future price. Horizen 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, Horizen autocorrelation shows the relationship between Horizen crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Horizen.
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 Horizen offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Horizen'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 Horizen Crypto.Check out Horizen Correlation, Horizen Volatility and Investing Opportunities module to complement your research on Horizen. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Horizen 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.