Dogecoin Market Value

DOGE
 Crypto
  

USD 0.07  0.0008  1.15%   

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 Bitcoin Browser, Dogecoin Correlation, Portfolio Optimization, Dogecoin Volatility, as well as analyze Investing Opportunities and Dogecoin Performance.
Symbol


Please note, there is a significant difference between Dogecoin's value and its price as these two are different measures arrived at by different means. Investors typically determine Dogecoin value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dogecoin'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.

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
07/09/2022
No Change 0.00  0.0 
In 31 days
08/08/2022
0.00
If you would invest  0.00  in Dogecoin on July 9, 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 30 days. Dogecoin is related to or competes with Bitcoin, Ethereum, Litecoin, Monero, Bitcoin Cash, Bitcoin SV, and Arweave. Dogecoin is peer-to-peer digital currency powered by the Blockchain technologyMore

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
Prediction
LowEstimated ValueHigh
0.000.076.15
Details
Intrinsic
Valuation
LowReal ValueHigh
0.000.066.14
Details
Naive
Forecast
LowNext ValueHigh
0.0014210.076.15
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.060.070.07
Details
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 secures Sharpe Ratio (or Efficiency) of -0.022, which denotes digital coin had -0.022% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting 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. Dogecoin exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Dogecoin coefficient of variation of (969.23), and Mean Deviation of 4.64 to check the risk estimate we provide.
The crypto shows a Beta (market volatility) of 1.1734, which means a somewhat significant risk relative to the market. Let's try to break down what Dogecoin's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dogecoin will likely underperform. Even though it is essential to pay attention to Dogecoin historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting 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. Dogecoin exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.16  

Very weak predictability

Dogecoin has very weak predictability. Overlapping area represents the amount of predictability between Dogecoin time series from 9th of July 2022 to 24th of July 2022 and 24th of July 2022 to 8th of August 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 0.16 indicates that over 16.0% of current Dogecoin price fluctuation can be explain by its past prices.
Correlation Coefficient0.16
Spearman Rank Test0.29
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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       Timeline  

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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       Timeline  

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 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 Dogecoin 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, Dogecoin's short interest history, or implied volatility extrapolated from Dogecoin options trading.

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

0.86BTCBitcoinPairCorr
0.88ETHEthereumPairCorr
0.91LTCLitecoinPairCorr
0.69XMRMoneroPairCorr
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 Bitcoin Browser, Dogecoin Correlation, Portfolio Optimization, Dogecoin Volatility, as well as analyze Investing Opportunities and Dogecoin Performance. 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Other Tools for Dogecoin Crypto Coin

When running Dogecoin price analysis, check to measure Dogecoin'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 Dogecoin is operating at the current time. Most of Dogecoin's value examination focuses on studying past and present price action to predict the probability of Dogecoin's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dogecoin's price. Additionally, you may evaluate how the addition of Dogecoin to your portfolios can decrease your overall portfolio volatility.
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