Sui Market Value
| SUI Crypto | USD 1.98 0.01 0.51% |
| Symbol | Sui |
Sui '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 Sui'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 Sui.
| 10/03/2024 |
| 11/02/2024 |
If you would invest 0.00 in Sui on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Sui or generate 0.0% return on investment in Sui over 30 days. Sui is related to or competes with Staked Ether, Synapse, EigenLayer, Highstreet, Tokocrypto, and DIA. Sui is peer-to-peer digital currency powered by the Blockchain technology.
Sui 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 Sui'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 Sui upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.94 | |||
| Information Ratio | 0.2432 | |||
| Maximum Drawdown | 53.76 | |||
| Value At Risk | (9.68) | |||
| Potential Upside | 15.64 |
Sui Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sui's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sui's standard deviation. In reality, there are many statistical measures that can use Sui historical prices to predict the future Sui's volatility.| Risk Adjusted Performance | 0.2002 | |||
| Jensen Alpha | 1.98 | |||
| Total Risk Alpha | 1.42 | |||
| Sortino Ratio | 0.3292 | |||
| Treynor Ratio | 3.75 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sui'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.
Sui Backtested Returns
Sui is exceptionally volatile given 3 months investment horizon. Sui owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates digital coin had a 0.27% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.15% are justified by taking the suggested risk. Use Sui Semi Deviation of 4.7, risk adjusted performance of 0.2002, and Coefficient Of Variation of 397.85 to evaluate coin specific risk that cannot be diversified away. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sui's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sui is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
Sui has poor predictability. Overlapping area represents the amount of predictability between Sui 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 Sui price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Sui price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sui lagged returns against current returns
Autocorrelation, which is Sui 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 Sui's crypto coin expected returns. We can calculate the autocorrelation of Sui returns to help us make a trade decision. For example, suppose you find that Sui 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 |
Sui 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 Sui crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sui crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sui crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Sui Lagged Returns
When evaluating Sui's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sui crypto coin have on its future price. Sui 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, Sui autocorrelation shows the relationship between Sui crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Sui.
Regressed Prices |
| Timeline |
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Check out Sui Correlation, Sui Volatility and Investing Opportunities module to complement your research on Sui. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Sui 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.