Celer Network Market Value
| CELR Crypto | USD 0.01 0.0002 1.74% |
| Symbol | Celer |
Celer Network '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 Celer Network'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 Celer Network.
| 10/03/2024 |
| 11/02/2024 |
If you would invest 0.00 in Celer Network on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Celer Network or generate 0.0% return on investment in Celer Network over 30 days. Celer Network is related to or competes with Solana, XRP, Toncoin, Staked Ether, Sui, TRON, and Avalanche. Celer Network is peer-to-peer digital currency powered by the Blockchain technology.
Celer Network 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 Celer Network'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 Celer Network upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.48 | |||
| Information Ratio | 0.031 | |||
| Maximum Drawdown | 31.99 | |||
| Value At Risk | (8.67) | |||
| Potential Upside | 11.65 |
Celer Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Celer Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Celer Network's standard deviation. In reality, there are many statistical measures that can use Celer Network historical prices to predict the future Celer Network's volatility.| Risk Adjusted Performance | 0.0407 | |||
| Jensen Alpha | 0.1461 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0338 | |||
| Treynor Ratio | 0.1413 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Celer Network'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.
Celer Network Backtested Returns
Celer Network appears to be unusually risky, given 3 months investment horizon. Celer Network secures Sharpe Ratio (or Efficiency) of 0.0667, which signifies that digital coin had a 0.0667% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Celer Network, which you can use to evaluate the volatility of coin. Please makes use of Celer Network's Mean Deviation of 4.38, risk adjusted performance of 0.0407, and Downside Deviation of 5.48 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 1.7, which signifies 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, Celer Network will likely underperform.
Auto-correlation | 0.02 |
Virtually no predictability
Celer Network has virtually no predictability. Overlapping area represents the amount of predictability between Celer Network time series from 3rd of October 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of November 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 Celer Network price movement. The serial correlation of 0.02 indicates that only 2.0% of current Celer Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Celer Network lagged returns against current returns
Autocorrelation, which is Celer Network 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 Celer Network's crypto coin expected returns. We can calculate the autocorrelation of Celer Network returns to help us make a trade decision. For example, suppose you find that Celer Network 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 |
Celer Network 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 Celer Network crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Celer Network crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Celer Network crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Celer Network Lagged Returns
When evaluating Celer Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Celer Network crypto coin have on its future price. Celer Network 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, Celer Network autocorrelation shows the relationship between Celer Network crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Celer Network.
Regressed Prices |
| Timeline |
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Check out Celer Network Correlation, Celer Network Volatility and Investing Opportunities module to complement your research on Celer Network. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Celer Network 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.