DGTX Market Value
| DGTX Crypto | USD 0.000028 0.000039 58.21% |
| Symbol | DGTX |
DGTX '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 DGTX'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 DGTX.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in DGTX on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding DGTX or generate 0.0% return on investment in DGTX over 90 days. DGTX is related to or competes with Staked Ether, XCAD Network, Phala Network, BLZ, Highstreet, Tokocrypto, and DIA. DGTX is peer-to-peer digital currency powered by the Blockchain technology.
DGTX 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 DGTX'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 DGTX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 36.46 | |||
| Information Ratio | 0.2085 | |||
| Maximum Drawdown | 196.14 | |||
| Value At Risk | (53.97) | |||
| Potential Upside | 113.33 |
DGTX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DGTX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DGTX's standard deviation. In reality, there are many statistical measures that can use DGTX historical prices to predict the future DGTX's volatility.| Risk Adjusted Performance | 0.1403 | |||
| Jensen Alpha | 11.23 | |||
| Total Risk Alpha | 10.93 | |||
| Sortino Ratio | 0.309 | |||
| Treynor Ratio | 1.11 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DGTX'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.
DGTX Backtested Returns
DGTX is abnormally risky given 3 months investment horizon. DGTX secures Sharpe Ratio (or Efficiency) of 0.21, which denotes digital coin had a 0.21% return per unit of volatility over the last 3 months. We were able to interpolate twenty-six different technical indicators, which can help you to evaluate if expected returns of 11.28% are justified by taking the suggested risk. Use DGTX Mean Deviation of 40.33, market risk adjusted performance of 1.12, and Downside Deviation of 36.46 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 10.15, which means 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, DGTX will likely underperform.
Auto-correlation | 0.01 |
Virtually no predictability
DGTX has virtually no predictability. Overlapping area represents the amount of predictability between DGTX time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 DGTX price movement. The serial correlation of 0.01 indicates that just 1.0% of current DGTX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DGTX lagged returns against current returns
Autocorrelation, which is DGTX 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 DGTX's crypto coin expected returns. We can calculate the autocorrelation of DGTX returns to help us make a trade decision. For example, suppose you find that DGTX 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 |
DGTX 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 DGTX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DGTX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DGTX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
DGTX Lagged Returns
When evaluating DGTX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DGTX crypto coin have on its future price. DGTX 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, DGTX autocorrelation shows the relationship between DGTX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in DGTX.
Regressed Prices |
| Timeline |
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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 DGTX Crypto Coin
When determining whether DGTX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DGTX'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 Dgtx Crypto.Check out DGTX Correlation, DGTX Volatility and Investing Opportunities module to complement your research on DGTX. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
DGTX 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.