AKRO Market Value
| AKRO Crypto | USD 0.01 0.000043 0.62% |
| Symbol | AKRO |
AKRO '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 AKRO'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 AKRO.
| 03/06/2024 |
| 06/04/2024 |
If you would invest 0.00 in AKRO on March 6, 2024 and sell it all today you would earn a total of 0.00 from holding AKRO or generate 0.0% return on investment in AKRO over 90 days. AKRO is related to or competes with Staked Ether, XCAD Network, Phala Network, Synapse, BLZ, Highstreet, and Tokocrypto. AKRO is peer-to-peer digital currency powered by the Blockchain technology.
AKRO 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 AKRO'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 AKRO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.2 | |||
| Information Ratio | 0.0178 | |||
| Maximum Drawdown | 75.55 | |||
| Value At Risk | (10.54) | |||
| Potential Upside | 15.29 |
AKRO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AKRO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AKRO's standard deviation. In reality, there are many statistical measures that can use AKRO historical prices to predict the future AKRO's volatility.| Risk Adjusted Performance | 0.0217 | |||
| Jensen Alpha | 0.1513 | |||
| Total Risk Alpha | 0.0353 | |||
| Sortino Ratio | 0.0237 | |||
| Treynor Ratio | 0.0592 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AKRO'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.
AKRO Backtested Returns
We consider AKRO abnormally risky. AKRO secures Sharpe Ratio (or Efficiency) of 0.0199, which signifies that digital coin had a 0.0199% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AKRO, which you can use to evaluate the volatility of coin. Please confirm AKRO's mean deviation of 5.58, and Risk Adjusted Performance of 0.0217 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. The crypto shows a Beta (market volatility) of 3.04, which signifies 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, AKRO will likely underperform.
Auto-correlation | -0.09 |
Very weak reverse predictability
AKRO has very weak reverse predictability. Overlapping area represents the amount of predictability between AKRO time series from 6th of March 2024 to 20th of April 2024 and 20th of April 2024 to 4th of June 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 AKRO price movement. The serial correlation of -0.09 indicates that less than 9.0% of current AKRO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AKRO lagged returns against current returns
Autocorrelation, which is AKRO 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 AKRO's crypto coin expected returns. We can calculate the autocorrelation of AKRO returns to help us make a trade decision. For example, suppose you find that AKRO 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 |
AKRO 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 AKRO crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AKRO crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AKRO crypto coin over time.
Current vs Lagged Prices |
| Timeline |
AKRO Lagged Returns
When evaluating AKRO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AKRO crypto coin have on its future price. AKRO 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, AKRO autocorrelation shows the relationship between AKRO crypto coin current value and its past values and can show if there is a momentum factor associated with investing in AKRO.
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.Additional Information and Resources on Investing in AKRO Crypto Coin
When determining whether AKRO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AKRO'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 Akro Crypto.Check out AKRO Correlation, AKRO Volatility and Investing Opportunities module to complement your research on AKRO. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
AKRO 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.