OKB Market Value
| OKB Crypto | USD 56.58 4.87 9.42% |
| Symbol | OKB |
OKB '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 OKB'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 OKB.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in OKB on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding OKB or generate 0.0% return on investment in OKB over 30 days. OKB is related to or competes with Solana, XRP, Open Network, Staked Ether, Ethena, Avalanche, and Chainlink. OKB is peer-to-peer digital currency powered by the Blockchain technology.
OKB 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 OKB'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 OKB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.48 | |||
| Information Ratio | 0.0196 | |||
| Maximum Drawdown | 23.76 | |||
| Value At Risk | (7.20) | |||
| Potential Upside | 8.01 |
OKB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OKB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OKB's standard deviation. In reality, there are many statistical measures that can use OKB historical prices to predict the future OKB's volatility.| Risk Adjusted Performance | 0.0299 | |||
| Jensen Alpha | 0.1577 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0189 | |||
| Treynor Ratio | (0.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OKB'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.
OKB Backtested Returns
We consider OKB very risky. OKB retains Efficiency (Sharpe Ratio) of 0.0363, which implies digital coin had a 0.0363% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for OKB, which you can use to evaluate the volatility of coin. Please check OKB's market risk adjusted performance of (0.35), and Semi Deviation of 4.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The crypto owns a Beta (Systematic Risk) of -0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning OKB are expected to decrease at a much lower rate. During the bear market, OKB is likely to outperform the market.
Auto-correlation | -0.22 |
Weak reverse predictability
OKB has weak reverse predictability. Overlapping area represents the amount of predictability between OKB time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th of April 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 OKB price movement. The serial correlation of -0.22 indicates that over 22.0% of current OKB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 3.0 |
OKB lagged returns against current returns
Autocorrelation, which is OKB 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 OKB's crypto coin expected returns. We can calculate the autocorrelation of OKB returns to help us make a trade decision. For example, suppose you find that OKB 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 |
OKB 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 OKB crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OKB crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OKB crypto coin over time.
Current vs Lagged Prices |
| Timeline |
OKB Lagged Returns
When evaluating OKB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OKB crypto coin have on its future price. OKB 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, OKB autocorrelation shows the relationship between OKB crypto coin current value and its past values and can show if there is a momentum factor associated with investing in OKB.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out OKB Correlation, OKB Volatility and Investing Opportunities module to complement your research on OKB. Note that the OKB information on this page should be used as a complementary analysis to other OKB's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
OKB 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.