Dai Market Value

DAI
 Crypto
  

USD 1.00  0.00  0.00%   

Dai's market value is the price at which a share of Dai stock trades on a public exchange. It measures the collective expectations of Dai investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Dai and determine expected loss or profit from investing in Dai over a given investment horizon. Continue to Dai Correlation, Dai Volatility and Investing Opportunities module to complement your research on Dai.
Symbol


Please note, there is a significant difference between Dai's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Dai value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Dai's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

Dai '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 Dai'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 Dai.
0.00
10/27/2022
No Change 0.00  0.0 
In 31 days
11/26/2022
0.00
If you would invest  0.00  in Dai on October 27, 2022 and sell it all today you would earn a total of 0.00 from holding Dai or generate 0.0% return on investment in Dai over 30 days. Dai is related to or competes with XRP, Solana, Polygon, Chainlink, Polkadot, Avalanche, and Uniswap Protocol. Dai is peer-to-peer digital currency powered by the Blockchain technology.

Dai 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 Dai'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 Dai upside and downside potential and time the market with a certain degree of confidence.

Dai Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dai's standard deviation. In reality, there are many statistical measures that can use Dai historical prices to predict the future Dai's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Dai'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. Please use the tools below to analyze the current value of Dai in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.821.001.18
Details
Intrinsic
Valuation
LowReal ValueHigh
0.821.001.18
Details
Naive
Forecast
LowNext ValueHigh
0.821.001.18
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.001.001.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dai. Your research has to be compared to or analyzed against Dai's peers to derive any actionable benefits. When done correctly, Dai's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Dai.

Dai Backtested Returns

We consider Dai relatively risky. Dai secures Sharpe Ratio (or Efficiency) of 9.0E-4, which denotes digital coin had 9.0E-4% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a crypto is to use all available market data together with crypto-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Dai, which you can use to evaluate the future volatility of coin. Please confirm Dai coefficient of variation of 116351.8, and Mean Deviation of 0.0303 to check if the risk estimate we provide is consistent with the expected return of 2.0E-4%.
The crypto shows a Beta (market volatility) of 0.0023, which means not very significant fluctuations relative to the market. Let's try to break down what Dai's beta means in this case. As returns on the market increase, Dai returns are expected to increase less than the market. However, during the bear market, the loss on holding Dai will be expected to be smaller as well. Although it is important to respect Dai historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards predicting future performance of any crypto is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Dai technical indicators, you can presently evaluate if the expected return of 2.0E-4% will be sustainable into the future.

Auto-correlation

    
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No correlation between past and present

Dai has no correlation between past and present. Overlapping area represents the amount of predictability between Dai time series from 27th of October 2022 to 11th of November 2022 and 11th of November 2022 to 26th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dai price movement. The serial correlation of 0.0 indicates that just 0.0% of current Dai price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.97
Residual Average0.0
Price Variance0.0

Dai lagged returns against current returns

Autocorrelation, which is Dai 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 Dai's crypto coin expected returns. We can calculate the autocorrelation of Dai returns to help us make a trade decision. For example, suppose you find that Dai crypto coin has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Dai 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 Dai crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dai crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dai crypto coin over time.
   Current vs Lagged Prices   
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       Timeline  

Dai Lagged Returns

When evaluating Dai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dai crypto coin have on its future price. Dai 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, Dai autocorrelation shows the relationship between Dai crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Dai.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dai without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Dai

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dai position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dai will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Dai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dai when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dai - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dai to buy it.
The correlation of Dai is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dai moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dai can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Dai Correlation, Dai Volatility and Investing Opportunities module to complement your research on Dai. Note that the Dai information on this page should be used as a complementary analysis to other Dai's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Other Tools for Dai Crypto Coin

When running Dai price analysis, check to measure Dai's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Dai is operating at the current time. Most of Dai's value examination focuses on studying past and present price actions to predict the probability of Dai's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Dai's coin price. Additionally, you may evaluate how adding Dai to your portfolios can decrease your overall portfolio volatility.
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