XMX Market Value
| XMX Crypto | USD 0.000013 0.000001 7.14% |
| Symbol | XMX |
XMX '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 XMX'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 XMX.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in XMX on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding XMX or generate 0.0% return on investment in XMX over 90 days. XMX is related to or competes with Solana, XRP, Open Network, Staked Ether, Chainlink, Avalanche, and Ondo. XMX is peer-to-peer digital currency powered by the Blockchain technology.
XMX 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 XMX'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 XMX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 29.71 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 6.67 |
XMX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XMX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XMX's standard deviation. In reality, there are many statistical measures that can use XMX historical prices to predict the future XMX's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.84) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | 0.5445 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of XMX'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.
XMX Backtested Returns
XMX shows Sharpe Ratio of -0.12, which attests that digital coin had a -0.12% return per unit of risk over the last 3 months. XMX exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out XMX's Market Risk Adjusted Performance of 0.5545, standard deviation of 5.84, and Mean Deviation of 4.23 to validate the risk estimate we provide. The entity maintains a market beta of -1.52, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning XMX are expected to decrease by larger amounts. On the other hand, during market turmoil, XMX is expected to outperform it.
Auto-correlation | 0.13 |
Insignificant predictability
XMX has insignificant predictability. Overlapping area represents the amount of predictability between XMX time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 XMX price movement. The serial correlation of 0.13 indicates that less than 13.0% of current XMX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
XMX lagged returns against current returns
Autocorrelation, which is XMX 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 XMX's crypto coin expected returns. We can calculate the autocorrelation of XMX returns to help us make a trade decision. For example, suppose you find that XMX has exhibited high autocorrelation historically, and you observe that the crypto coin 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 |
XMX 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 XMX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XMX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XMX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
XMX Lagged Returns
When evaluating XMX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XMX crypto coin have on its future price. XMX 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, XMX autocorrelation shows the relationship between XMX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in XMX.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in XMX Crypto Coin
When determining whether XMX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of XMX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Xmx Crypto.Check out XMX Correlation, XMX Volatility and Investing Opportunities module to complement your research on XMX. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
XMX technical crypto coin 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, crypto market cycles, or different charting patterns.