Power Ledger Market Value
| POWR Crypto | USD 0.31 0.02 6.90% |
| Symbol | Power |
Power Ledger '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 Power Ledger'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 Power Ledger.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Power Ledger on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Power Ledger or generate 0.0% return on investment in Power Ledger over 30 days. Power Ledger is related to or competes with Solana, XRP, Staked Ether, Open Network, Avalanche, Chainlink, and Ethena. Power Ledger is peer-to-peer digital currency powered by the Blockchain technology.
Power Ledger 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 Power Ledger'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 Power Ledger upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.67 | |||
| Information Ratio | 0.0147 | |||
| Maximum Drawdown | 37.59 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 15.15 |
Power Ledger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Power Ledger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Ledger's standard deviation. In reality, there are many statistical measures that can use Power Ledger historical prices to predict the future Power Ledger's volatility.| Risk Adjusted Performance | 0.0262 | |||
| Jensen Alpha | 0.0683 | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | 0.0135 | |||
| Treynor Ratio | 0.1265 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Power Ledger'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.
Power Ledger Backtested Returns
Power Ledger appears to be unreasonably risky, given 3 months investment horizon. Power Ledger maintains Sharpe Ratio (i.e., Efficiency) of 0.0416, which implies digital coin had a 0.0416% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Power Ledger, which you can use to evaluate the volatility of coin. Please evaluate Power Ledger's Risk Adjusted Performance of 0.0262, coefficient of variation of 3644.87, and Semi Deviation of 5.93 to confirm if our risk estimates are consistent with your expectations. The crypto holds a Beta of 1.44, which implies 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, Power Ledger will likely underperform.
Auto-correlation | -0.09 |
Very weak reverse predictability
Power Ledger has very weak reverse predictability. Overlapping area represents the amount of predictability between Power Ledger time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th 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 Power Ledger price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Power Ledger price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Power Ledger lagged returns against current returns
Autocorrelation, which is Power Ledger 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 Power Ledger's crypto coin expected returns. We can calculate the autocorrelation of Power Ledger returns to help us make a trade decision. For example, suppose you find that Power Ledger 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 |
Power Ledger 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 Power Ledger crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Ledger crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Power Ledger crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Power Ledger Lagged Returns
When evaluating Power Ledger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Ledger crypto coin have on its future price. Power Ledger 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, Power Ledger autocorrelation shows the relationship between Power Ledger crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Power Ledger.
Regressed Prices |
| Timeline |
Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Power Ledger in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.
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Check out Power Ledger Correlation, Power Ledger Volatility and Investing Opportunities module to complement your research on Power Ledger. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Power Ledger 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.