VeChain Market Value
| VET Crypto | USD 0.04 0 3.95% |
| Symbol | VeChain |
VeChain '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 VeChain'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 VeChain.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in VeChain on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding VeChain or generate 0.0% return on investment in VeChain over 30 days. VeChain is peer-to-peer digital currency powered by the Blockchain technology.
VeChain 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 VeChain'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 VeChain upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.0 | |||
| Information Ratio | 0.0995 | |||
| Maximum Drawdown | 41.47 | |||
| Value At Risk | (8.69) | |||
| Potential Upside | 9.89 |
VeChain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VeChain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VeChain's standard deviation. In reality, there are many statistical measures that can use VeChain historical prices to predict the future VeChain's volatility.| Risk Adjusted Performance | 0.0776 | |||
| Jensen Alpha | 0.7209 | |||
| Total Risk Alpha | 0.0869 | |||
| Sortino Ratio | 0.1192 | |||
| Treynor Ratio | (0.58) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VeChain'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.
VeChain Backtested Returns
VeChain appears to be unusually risky, given 3 months investment horizon. VeChain retains Efficiency (Sharpe Ratio) of 0.13, which indicates digital coin had a 0.13% return per unit of volatility over the last 3 months. By reviewing VeChain's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please review VeChain's downside deviation of 5.0, and Risk Adjusted Performance of 0.0776 to confirm if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of -1.13, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning VeChain are expected to decrease slowly. On the other hand, during market turmoil, VeChain is expected to outperform it slightly.
Auto-correlation | 0.34 |
Below average predictability
VeChain has below average predictability. Overlapping area represents the amount of predictability between VeChain time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 VeChain price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current VeChain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
VeChain lagged returns against current returns
Autocorrelation, which is VeChain 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 VeChain's crypto coin expected returns. We can calculate the autocorrelation of VeChain returns to help us make a trade decision. For example, suppose you find that VeChain 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 |
VeChain 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 VeChain crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VeChain crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VeChain crypto coin over time.
Current vs Lagged Prices |
| Timeline |
VeChain Lagged Returns
When evaluating VeChain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VeChain crypto coin have on its future price. VeChain 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, VeChain autocorrelation shows the relationship between VeChain crypto coin current value and its past values and can show if there is a momentum factor associated with investing in VeChain.
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 VeChain 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.
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.When determining whether VeChain offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VeChain'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 Vechain Crypto.Check out VeChain Correlation, VeChain Volatility and Investing Opportunities module to complement your research on VeChain. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
VeChain 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.