Endexx Corp Stock Market Value
| EDXC Stock | USD 0.02 0.0003 1.36% |
| Symbol | Endexx |
Endexx Corp '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 Endexx Corp's pink sheet 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 Endexx Corp.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Endexx Corp on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Endexx Corp or generate 0.0% return on investment in Endexx Corp over 60 days. Endexx Corp is related to or competes with CbdMD, Evolus, Biofrontera, and Eagle Pharmaceuticals. Endexx Corporation engages in the manufacturing and sale of cannabidiol -based products for the health and wellness mark... More
Endexx Corp 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 Endexx Corp's pink sheet 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 Endexx Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.1 | |||
| Information Ratio | 0.1128 | |||
| Maximum Drawdown | 58.23 | |||
| Value At Risk | (18.50) | |||
| Potential Upside | 24.81 |
Endexx Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Endexx Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Endexx Corp's standard deviation. In reality, there are many statistical measures that can use Endexx Corp historical prices to predict the future Endexx Corp's volatility.| Risk Adjusted Performance | 0.0838 | |||
| Jensen Alpha | 1.24 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.1391 | |||
| Treynor Ratio | 0.9777 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Endexx Corp'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.
Endexx Corp Backtested Returns
Endexx Corp appears to be out of control, given 3 months investment horizon. Endexx Corp secures Sharpe Ratio (or Efficiency) of 0.0875, which denotes the company had a 0.0875% return per unit of standard deviation over the last 3 months. By reviewing Endexx Corp's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please utilize Endexx Corp's Downside Deviation of 9.1, mean deviation of 7.67, and Semi Deviation of 7.92 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Endexx Corp holds a performance score of 6. The firm shows a Beta (market volatility) of 1.38, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Endexx Corp will likely underperform. Please check Endexx Corp's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Endexx Corp's price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Endexx Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Endexx Corp time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Endexx Corp price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Endexx Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Endexx Corp lagged returns against current returns
Autocorrelation, which is Endexx Corp pink sheet'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 Endexx Corp's pink sheet expected returns. We can calculate the autocorrelation of Endexx Corp returns to help us make a trade decision. For example, suppose you find that Endexx Corp has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Endexx Corp 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 Endexx Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Endexx Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Endexx Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Endexx Corp Lagged Returns
When evaluating Endexx Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Endexx Corp pink sheet have on its future price. Endexx Corp 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, Endexx Corp autocorrelation shows the relationship between Endexx Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Endexx Corp.
Regressed Prices |
| Timeline |
Pair Trading with Endexx Corp
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 Endexx Corp 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 Endexx Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Endexx Pink Sheet
| 0.87 | ESALY | Eisai Co | PairCorr |
| 0.78 | AAPL | Apple Inc Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Endexx Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endexx Corp 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 Endexx Corp - 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 Endexx Corp to buy it.
The correlation of Endexx Corp is a statistical measure of how it moves in relation to other instruments. 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 Endexx Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endexx Corp 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 Endexx Corp 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.Check out Endexx Corp Correlation, Endexx Corp Volatility and Endexx Corp Alpha and Beta module to complement your research on Endexx Corp. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Endexx Pink Sheet analysis
When running Endexx Corp's price analysis, check to measure Endexx Corp'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 Endexx Corp is operating at the current time. Most of Endexx Corp's value examination focuses on studying past and present price action to predict the probability of Endexx Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endexx Corp's price. Additionally, you may evaluate how the addition of Endexx Corp to your portfolios can decrease your overall portfolio volatility.
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Endexx Corp technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.