Solana Market Value
| SOL Crypto | USD 183.29 11.46 6.67% |
| Symbol | Solana |
Solana '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 Solana'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 Solana.
| 04/27/2024 |
| 07/26/2024 |
If you would invest 0.00 in Solana on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Solana or generate 0.0% return on investment in Solana over 90 days. Solana is related to or competes with Staked Ether, Wrapped Bitcoin, XMR, Tether, Chainlink, USD Coin, and FTX Token. Solana is peer-to-peer digital currency powered by the Blockchain technology.
Solana 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 Solana'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 Solana upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.47 | |||
| Information Ratio | 0.1333 | |||
| Maximum Drawdown | 595.38 | |||
| Value At Risk | (7.86) | |||
| Potential Upside | 12.58 |
Solana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solana's standard deviation. In reality, there are many statistical measures that can use Solana historical prices to predict the future Solana's volatility.| Risk Adjusted Performance | 0.098 | |||
| Jensen Alpha | 9.34 | |||
| Total Risk Alpha | 3.32 | |||
| Sortino Ratio | 2.15 | |||
| Treynor Ratio | 1.6 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Solana'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.
Solana Backtested Returns
Solana appears to be very risky, given 3 months investment horizon. Solana owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0604, which indicates digital coin had a 0.0604% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Solana, which you can use to evaluate the volatility of coin. Please review Solana's Risk Adjusted Performance of 0.098, coefficient of variation of 745.03, and Semi Deviation of 2.62 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 6.05, which indicates 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, Solana will likely underperform.
Auto-correlation | 0.00 |
No correlation between past and present
Solana has no correlation between past and present. Overlapping area represents the amount of predictability between Solana time series from 27th of April 2024 to 11th of June 2024 and 11th of June 2024 to 26th of July 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 Solana price movement. The serial correlation of 0.0 indicates that just 0.0% of current Solana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 44.91 |
Solana lagged returns against current returns
Autocorrelation, which is Solana 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 Solana's crypto coin expected returns. We can calculate the autocorrelation of Solana returns to help us make a trade decision. For example, suppose you find that Solana 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 |
Solana 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 Solana crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solana crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solana crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Solana Lagged Returns
When evaluating Solana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solana crypto coin have on its future price. Solana 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, Solana autocorrelation shows the relationship between Solana crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Solana.
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 Solana Crypto Coin
When determining whether Solana offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Solana'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 Solana Crypto.Check out Solana Correlation, Solana Volatility and Investing Opportunities module to complement your research on Solana. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Solana 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.