Optimism Market Value

OP
 Crypto
  

USD 0.91  0.02  2.25%   

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


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

Optimism '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 Optimism'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 Optimism.
0.00
12/10/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/30/2022
0.00
If you would invest  0.00  in Optimism on December 10, 2020 and sell it all today you would earn a total of 0.00 from holding Optimism or generate 0.0% return on investment in Optimism over 720 days. Optimism is related to or competes with XRP, Solana, Polygon, Chainlink, Polkadot, Avalanche, and Uniswap Protocol. Optimism is peer-to-peer digital currency powered by the Blockchain technology.

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

Optimism Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Optimism's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optimism's standard deviation. In reality, there are many statistical measures that can use Optimism historical prices to predict the future Optimism's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Optimism'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 Optimism in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.050.9110.55
Details
Intrinsic
Valuation
LowReal ValueHigh
0.040.8210.46
Details
Naive
Forecast
LowNext ValueHigh
0.019750.9910.63
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.740.971.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Optimism. Your research has to be compared to or analyzed against Optimism's peers to derive any actionable benefits. When done correctly, Optimism'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 Optimism.

Optimism Backtested Returns

Optimism maintains Sharpe Ratio (i.e., Efficiency) of -0.0025, which implies digital coin had -0.0025% of return per unit of risk over the last 3 months. Macroaxis standpoint towards forecasting the risk of any crypto is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Optimism exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Optimism Risk Adjusted Performance of 0.0241, semi deviation of 7.79, and Coefficient Of Variation of 8820.37 to confirm the risk estimate we provide.
The crypto holds a Beta of -0.1513, which implies not very significant fluctuations relative to the market. Let's try to break down what Optimism's beta means in this case. As returns on the market increase, returns on owning Optimism are expected to decrease at a much lower rate. During the bear market, Optimism is likely to outperform the market. Even though it is essential to pay attention to Optimism current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any crypto's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Optimism exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.00  

No correlation between past and present

Optimism has no correlation between past and present. Overlapping area represents the amount of predictability between Optimism time series from 10th of December 2020 to 5th of December 2021 and 5th of December 2021 to 30th 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 Optimism price movement. The serial correlation of 0.0 indicates that just 0.0% of current Optimism price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.92
Residual Average0.0
Price Variance0.31

Optimism lagged returns against current returns

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

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

Optimism Lagged Returns

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

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Optimism using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check Optimism Correlation, Optimism Volatility and Investing Opportunities module to complement your research on Optimism. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Other Tools for Optimism Crypto Coin

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