Cardano Market Value

ADA
 Crypto
  

USD 0.50  0.03  6.38%   

Cardano's market value is the price at which a share of Cardano stock trades on a public exchange. It measures the collective expectations of Cardano investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Cardano and determine expected loss or profit from investing in Cardano over a given investment horizon. Please continue to Bitcoin Browser, Cardano Correlation, Portfolio Optimization, Cardano Volatility, as well as analyze Investing Opportunities and Cardano Performance.
Symbol
Backtest


Please note, there is a significant difference between Cardano's value and its price as these two are different measures arrived at by different means. Investors typically determine Cardano value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardano's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Cardano '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 Cardano'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 Cardano.
0.00
05/29/2022
No Change 0.00  0.0 
In 31 days
06/28/2022
0.00
If you would invest  0.00  in Cardano on May 29, 2022 and sell it all today you would earn a total of 0.00 from holding Cardano or generate 0.0% return on investment in Cardano over 30 days. Cardano is related to or competes with Avalanche, Cronos, Internet Computer, Near, Algorand, Cosmos, and PayProtocol Paycoin. Cardano is peer-to-peer digital currency powered by the Blockchain technologyMore

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

Cardano Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Cardano's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cardano's standard deviation. In reality, there are many statistical measures that can use Cardano historical prices to predict the future Cardano's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Cardano'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 Cardano in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.020.498.77
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Intrinsic
Valuation
LowReal ValueHigh
0.020.488.76
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cardano. Your research has to be compared to or analyzed against Cardano's peers to derive any actionable benefits. When done correctly, Cardano'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 Cardano.

Cardano Backtested Returns

Cardano secures Sharpe Ratio (or Efficiency) of -0.0909, which signifies that digital coin had -0.0909% of return per unit of risk over the last 24 months. Macroaxis standpoint towards foreseeing 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. Cardano exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Cardano mean deviation of 4.84, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide.
The crypto shows a Beta (market volatility) of 0.7267, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Cardano's beta means in this case. As returns on the market increase, Cardano returns are expected to increase less than the market. However, during the bear market, the loss on holding Cardano will be expected to be smaller as well. Even though it is essential to pay attention to Cardano historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing 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. Cardano exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.24  

Weak reverse predictability

Cardano has weak reverse predictability. Overlapping area represents the amount of predictability between Cardano time series from 29th of May 2022 to 13th of June 2022 and 13th of June 2022 to 28th of June 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 Cardano price movement. The serial correlation of -0.24 indicates that over 24.0% of current Cardano price fluctuation can be explain by its past prices.
Correlation Coefficient-0.24
Spearman Rank Test0.06
Residual Average0.0
Price Variance0.0

Cardano lagged returns against current returns

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

Cardano Lagged Returns

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

Cardano Investors Sentiment

The influence of Cardano'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 Cardano. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cardano in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cardano's short interest history, or implied volatility extrapolated from Cardano options trading.

Current Sentiment - ADA

Cardano Investor Sentiment

Most of Macroaxis users are presently bullish on Cardano. What is your opinion about investing in Cardano? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Cardano

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

Cardano Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Cardano could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cardano 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 Cardano - 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 Cardano to buy it.
The correlation of Cardano 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 Cardano moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cardano 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 Cardano 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
Please continue to Bitcoin Browser, Cardano Correlation, Portfolio Optimization, Cardano Volatility, as well as analyze Investing Opportunities and Cardano Performance. Note that the Cardano information on this page should be used as a complementary analysis to other Cardano'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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Other Tools for Cardano Crypto Coin

When running Cardano price analysis, check to measure Cardano's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cardano is operating at the current time. Most of Cardano's value examination focuses on studying past and present price action to predict the probability of Cardano's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cardano's price. Additionally, you may evaluate how the addition of Cardano to your portfolios can decrease your overall portfolio volatility.
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