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.
| 02/16/2024 |
| 05/16/2024 |
If you would invest 0.00 in XMX on February 16, 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, Avalanche, Chainlink, and Starknet. 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.
| Downside Deviation | 8.15 | |||
| Information Ratio | 0.0537 | |||
| Maximum Drawdown | 29.71 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 11.11 |
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 | 0.0517 | |||
| Jensen Alpha | 0.4086 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0413 | |||
| Treynor Ratio | 3.79 |
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 appears to be unusually volatile, given 3 months investment horizon. XMX shows Sharpe Ratio of 0.0511, which attests that digital coin had a 0.0511% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for XMX, which you can use to evaluate the volatility of coin. Please utilize XMX's Downside Deviation of 8.15, mean deviation of 4.53, and Market Risk Adjusted Performance of 3.8 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, XMX's returns are expected to increase less than the market. However, during the bear market, the loss of holding XMX is expected to be smaller as well.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
XMX has almost perfect reverse predictability. Overlapping area represents the amount of predictability between XMX time series from 16th of February 2024 to 1st of April 2024 and 1st of April 2024 to 16th of May 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 -0.72 indicates that around 72.0% of current XMX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.39 | |
| 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.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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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.