ApeCoin Market Value

APE
 Crypto
  

USD 5.66  1.00  21.46%   

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


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

ApeCoin '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 ApeCoin'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 ApeCoin.
0.00
07/26/2022
No Change 0.00  0.0 
In 2 months and 2 days
09/24/2022
0.00
If you would invest  0.00  in ApeCoin on July 26, 2022 and sell it all today you would earn a total of 0.00 from holding ApeCoin or generate 0.0% return on investment in ApeCoin over 60 days. ApeCoin is related to or competes with XRP, Solana, Polkadot, Polygon, FTX Token, Avalanche, and Chainlink. ApeCoin is peer-to-peer digital currency powered by the Blockchain technology.

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

ApeCoin Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ApeCoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ApeCoin's standard deviation. In reality, there are many statistical measures that can use ApeCoin historical prices to predict the future ApeCoin's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ApeCoin'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 ApeCoin in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.285.5412.79
Details
Intrinsic
Valuation
LowReal ValueHigh
0.244.8312.08
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ApeCoin. Your research has to be compared to or analyzed against ApeCoin's peers to derive any actionable benefits. When done correctly, ApeCoin'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 ApeCoin.

ApeCoin Backtested Returns

ApeCoin appears to be unreasonably risky, given 3 months investment horizon. ApeCoin secures Sharpe Ratio (or Efficiency) of 0.0666, which signifies that digital coin had 0.0666% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing 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 ApeCoin, which you can use to evaluate the future volatility of coin. Please makes use of ApeCoin's mean deviation of 5.15, and Risk Adjusted Performance of 0.1513 to double-check if our risk estimates are consistent with your expectations.
The crypto shows a Beta (market volatility) of -1.7414, which signifies a somewhat significant risk relative to the market. Let's try to break down what ApeCoin's beta means in this case. As returns on the market increase, returns on owning ApeCoin are expected to decrease by larger amounts. On the other hand, during market turmoil, ApeCoin is expected to outperform it. Although it is vital to follow ApeCoin historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy in foreseeing 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 ApeCoin technical indicators, you can presently evaluate if the expected return of 0.48% will be sustainable into the future.

Auto-correlation

    
  -0.73  

Almost perfect reverse predictability

ApeCoin has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ApeCoin time series from 26th of July 2022 to 25th of August 2022 and 25th of August 2022 to 24th of September 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 ApeCoin price movement. The serial correlation of -0.73 indicates that around 73.0% of current ApeCoin price fluctuation can be explain by its past prices.
Correlation Coefficient-0.73
Spearman Rank Test0.26
Residual Average0.0
Price Variance0.12

ApeCoin lagged returns against current returns

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

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

ApeCoin Lagged Returns

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

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 ApeCoin 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 ApeCoin

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

Moving together with ApeCoin

+0.81XRPXRPPairCorr
The ability to find closely correlated positions to ApeCoin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ApeCoin 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 ApeCoin - 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 ApeCoin to buy it.
The correlation of ApeCoin 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 ApeCoin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ApeCoin 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 ApeCoin 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 ApeCoin Correlation, ApeCoin Volatility and Investing Opportunities module to complement your research on ApeCoin. You can also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Other Tools for ApeCoin Crypto Coin

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