Dogecoin Market Value

DOGE
 Crypto
  

USD 0.06  0.0012  1.89%   

Dogecoin's market value is the price at which a share of Dogecoin stock trades on a public exchange. It measures the collective expectations of Dogecoin investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Dogecoin and determine expected loss or profit from investing in Dogecoin over a given investment horizon. Continue to Dogecoin Correlation, Dogecoin Volatility and Investing Opportunities module to complement your research on Dogecoin.
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Please note, there is a significant difference between Dogecoin's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Dogecoin 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, Dogecoin's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

Dogecoin '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 Dogecoin'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 Dogecoin.
0.00
08/08/2022
No Change 0.00  0.0 
In 2 months and 1 day
10/07/2022
0.00
If you would invest  0.00  in Dogecoin on August 8, 2022 and sell it all today you would earn a total of 0.00 from holding Dogecoin or generate 0.0% return on investment in Dogecoin over 60 days. Dogecoin is related to or competes with Bitcoin, Litecoin, Ethereum Classic, Monero, Bitcoin Cash, Bitcoin SV, and IOTA. Dogecoin is peer-to-peer digital currency powered by the Blockchain technology.

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

Dogecoin Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dogecoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dogecoin's standard deviation. In reality, there are many statistical measures that can use Dogecoin historical prices to predict the future Dogecoin's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Dogecoin'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 Dogecoin in the context of predictive analytics.
Hype
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LowEstimated ValueHigh
0.000.064.60
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Intrinsic
Valuation
LowReal ValueHigh
0.000.064.60
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dogecoin. Your research has to be compared to or analyzed against Dogecoin's peers to derive any actionable benefits. When done correctly, Dogecoin'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 Dogecoin.

Dogecoin Backtested Returns

Dogecoin appears to be very risky, given 3 months investment horizon. Dogecoin secures Sharpe Ratio (or Efficiency) of 0.0431, which denotes digital coin had 0.0431% 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 Dogecoin, which you can use to evaluate the future volatility of coin. Please utilize Dogecoin's coefficient of variation of (10,622), and Mean Deviation of 3.29 to check if our risk estimates are consistent with your expectations.
The crypto shows a Beta (market volatility) of 0.6641, which means possible diversification benefits within a given portfolio. Let's try to break down what Dogecoin's beta means in this case. As returns on the market increase, Dogecoin returns are expected to increase less than the market. However, during the bear market, the loss on holding Dogecoin will be expected to be smaller as well. Although it is important to respect Dogecoin 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 Dogecoin technical indicators, you can presently evaluate if the expected return of 0.2% will be sustainable into the future.

Auto-correlation

    
  -0.37  

Poor reverse predictability

Dogecoin has poor reverse predictability. Overlapping area represents the amount of predictability between Dogecoin time series from 8th of August 2022 to 7th of September 2022 and 7th of September 2022 to 7th of October 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 Dogecoin price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Dogecoin price fluctuation can be explain by its past prices.
Correlation Coefficient-0.37
Spearman Rank Test-0.27
Residual Average0.0
Price Variance0.0

Dogecoin lagged returns against current returns

Autocorrelation, which is Dogecoin 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 Dogecoin's crypto coin expected returns. We can calculate the autocorrelation of Dogecoin returns to help us make a trade decision. For example, suppose you find that Dogecoin 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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Dogecoin 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 Dogecoin crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dogecoin crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dogecoin crypto coin over time.
   Current vs Lagged Prices   
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Dogecoin Lagged Returns

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

Dogecoin Investors Sentiment

The influence of Dogecoin's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dogecoin. The overall investor sentiment generally increases the direction of a crypto movement in a one-year investment horizon. However, the impact of investor sentiment on the entire crypto markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Dogecoin's public news can be used to forecast risks associated with investment in Dogecoin. The trend in average sentiment can be used to explain how an investor holding Dogecoin can time the market purely based on public headlines and social activities around Dogecoin. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Dogecoin's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dogecoin's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dogecoin's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Dogecoin.
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 Dogecoin 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.

Pair Trading with Dogecoin

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 Dogecoin 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 Dogecoin will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dogecoin

+0.83BTCBitcoinPairCorr
The ability to find closely correlated positions to Dogecoin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dogecoin 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 Dogecoin - 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 Dogecoin to buy it.
The correlation of Dogecoin 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 Dogecoin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dogecoin 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 Dogecoin 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 Dogecoin Correlation, Dogecoin Volatility and Investing Opportunities module to complement your research on Dogecoin. Note that the Dogecoin information on this page should be used as a complementary analysis to other Dogecoin'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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Other Tools for Dogecoin Crypto Coin

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