Polygon Market Value

MATIC
  

USD 0.84  0.01  1.18%   

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


Please note, there is a significant difference between Polygon's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Polygon 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, Polygon's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

Polygon '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 Polygon'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 Polygon.
0.00
10/30/2022
No Change 0.00  0.0 
In 31 days
11/29/2022
0.00
If you would invest  0.00  in Polygon on October 30, 2022 and sell it all today you would earn a total of 0.00 from holding Polygon or generate 0.0% return on investment in Polygon over 30 days. Polygon is related to or competes with XRP, Solana, Chainlink, Polkadot, Avalanche, Uniswap Protocol, and Aptos. Polygon is peer-to-peer digital currency powered by the Blockchain technology.

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

Polygon Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Polygon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polygon's standard deviation. In reality, there are many statistical measures that can use Polygon historical prices to predict the future Polygon's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Polygon'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 Polygon in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.040.878.65
Details
Intrinsic
Valuation
LowReal ValueHigh
0.040.768.54
Details
Naive
Forecast
LowNext ValueHigh
0.016060.808.58
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.760.931.11
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Polygon. Your research has to be compared to or analyzed against Polygon's peers to derive any actionable benefits. When done correctly, Polygon'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 Polygon.

Polygon Backtested Returns

Polygon appears to be unreasonably risky, given 3 months investment horizon. Polygon maintains Sharpe Ratio (i.e., Efficiency) of 0.0262, which implies digital coin had 0.0262% of return per unit of risk over the last 3 months. Our standpoint towards forecasting 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 Polygon, which you can use to evaluate the future volatility of coin. Please evaluate Polygon's Semi Deviation of 5.94, coefficient of variation of 2638.98, and Risk Adjusted Performance of 0.062 to confirm if our risk estimates are consistent with your expectations.
The crypto holds a Beta of -0.7282, which implies possible diversification benefits within a given portfolio. Let's try to break down what Polygon's beta means in this case. As returns on the market increase, returns on owning Polygon are expected to decrease at a much lower rate. During the bear market, Polygon is likely to outperform the market. Although it is important to respect Polygon current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The philosophy towards forecasting 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 analyzing Polygon technical indicators, you can presently evaluate if the expected return of 0.2% will be sustainable into the future.

Auto-correlation

    
  -0.25  

Weak reverse predictability

Polygon has weak reverse predictability. Overlapping area represents the amount of predictability between Polygon time series from 30th of October 2022 to 14th of November 2022 and 14th of November 2022 to 29th 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 Polygon price movement. The serial correlation of -0.25 indicates that over 25.0% of current Polygon price fluctuation can be explain by its past prices.
Correlation Coefficient-0.25
Spearman Rank Test0.07
Residual Average0.0
Price Variance0.0

Polygon lagged returns against current returns

Autocorrelation, which is Polygon 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 Polygon's crypto coin expected returns. We can calculate the autocorrelation of Polygon returns to help us make a trade decision. For example, suppose you find that Polygon 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  

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

Polygon Lagged Returns

When evaluating Polygon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polygon crypto coin have on its future price. Polygon 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, Polygon autocorrelation shows the relationship between Polygon crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Polygon.
   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 Polygon 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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Additionally, see Polygon Correlation, Polygon Volatility and Investing Opportunities module to complement your research on Polygon. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Other Tools for Polygon Crypto Coin

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