Illuvium Market Value

ILV Crypto  USD 112.47  2.15  1.95%   
Illuvium's market value is the price at which a share of Illuvium stock trades on a public exchange. It measures the collective expectations of Illuvium investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Illuvium and determine expected loss or profit from investing in Illuvium over a given investment horizon. Check out Illuvium Correlation, Illuvium Volatility and Investing Opportunities module to complement your research on Illuvium.

Please note, there is a significant difference between Illuvium's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Illuvium value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Illuvium's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

Illuvium '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 Illuvium'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 Illuvium.
No Change 0.00  0.0 
In 31 days
If you would invest  0.00  in Illuvium on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Illuvium or generate 0.0% return on investment in Illuvium over 30 days. Illuvium is related to or competes with XRP, Solana, Staked Ether, Chainlink, Avalanche, Celestia, and Arbitrum. Illuvium is peer-to-peer digital currency powered by the Blockchain technology.

Illuvium 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 Illuvium'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 Illuvium upside and downside potential and time the market with a certain degree of confidence.

Illuvium Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Illuvium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Illuvium's standard deviation. In reality, there are many statistical measures that can use Illuvium historical prices to predict the future Illuvium's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Illuvium'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. Please use the tools below to analyze the current value of Illuvium in the context of predictive analytics.
Band Projection (param)
LowerMiddle BandUpper
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Illuvium. Your research has to be compared to or analyzed against Illuvium's peers to derive any actionable benefits. When done correctly, Illuvium's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Illuvium.

Illuvium Backtested Returns

Illuvium is unusually risky given 3 months investment horizon. Illuvium holds Efficiency (Sharpe) Ratio of 0.31, which attests that digital coin had 0.31% of return per unit of risk over the last 3 months. Our standpoint towards determining the risk of a crypto is to use both market data as well as coin specific technical data. We were able to interpolate and analyze data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.72% are justified by taking the suggested risk. Use Illuvium Downside Deviation of 3.28, risk adjusted performance of 0.2474, and Market Risk Adjusted Performance of (4.06) to evaluate coin specific risk that cannot be diversified away. The crypto retains a Market Volatility (i.e., Beta) of -0.4122, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Illuvium are expected to decrease at a much lower rate. During the bear market, Illuvium is likely to outperform the market. Our philosophy towards determining future performance of any crypto is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Illuvium expected return of 1.72 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable.



Average predictability

Illuvium has average predictability. Overlapping area represents the amount of predictability between Illuvium time series from 6th of November 2023 to 21st of November 2023 and 21st of November 2023 to 6th of December 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Illuvium price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Illuvium price fluctuation can be explain by its past prices.
Correlation Coefficient0.45
Spearman Rank Test0.08
Residual Average0.0
Price Variance25.86

Illuvium lagged returns against current returns

Autocorrelation, which is Illuvium 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 Illuvium's crypto coin expected returns. We can calculate the autocorrelation of Illuvium returns to help us make a trade decision. For example, suppose you find that Illuvium crypto coin has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   

Illuvium 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 Illuvium crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Illuvium crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Illuvium crypto coin over time.
   Current vs Lagged Prices   

Illuvium Lagged Returns

When evaluating Illuvium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Illuvium crypto coin have on its future price. Illuvium 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, Illuvium autocorrelation shows the relationship between Illuvium crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Illuvium.
   Regressed Prices   

Be your own money manager

Our tools can tell you how much better you can do entering a position in Illuvium without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Illuvium using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Illuvium offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Illuvium'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 Illuvium Crypto.
Check out Illuvium Correlation, Illuvium Volatility and Investing Opportunities module to complement your research on Illuvium.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for Illuvium Crypto Coin analysis

When running Illuvium's price analysis, check to measure Illuvium's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Illuvium is operating at the current time. Most of Illuvium's value examination focuses on studying past and present price actions to predict the probability of Illuvium's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Illuvium's coin price. Additionally, you may evaluate how adding Illuvium to your portfolios can decrease your overall portfolio volatility.
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Illuvium 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.
A focus of Illuvium technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Illuvium trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...