CoinEx Token Market Value
| CET Crypto | USD 0.09 0.0001 0.11% |
| Symbol | CoinEx |
CoinEx Token '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 CoinEx Token'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 CoinEx Token.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in CoinEx Token on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding CoinEx Token or generate 0.0% return on investment in CoinEx Token over 180 days. CoinEx Token is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. CoinEx Token is peer-to-peer digital currency powered by the Blockchain technology.
CoinEx Token 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 CoinEx Token'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 CoinEx Token upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | 0.122 | |||
| Maximum Drawdown | 14.05 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.61 |
CoinEx Token Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoinEx Token's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoinEx Token's standard deviation. In reality, there are many statistical measures that can use CoinEx Token historical prices to predict the future CoinEx Token's volatility.| Risk Adjusted Performance | 0.138 | |||
| Jensen Alpha | 0.4519 | |||
| Total Risk Alpha | 0.0014 | |||
| Sortino Ratio | 0.1339 | |||
| Treynor Ratio | 3.22 |
CoinEx Token Backtested Returns
CoinEx Token appears to be risky, given 3 months investment horizon. CoinEx Token secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that digital coin had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CoinEx Token, which you can use to evaluate the volatility of coin. Please makes use of CoinEx Token's Risk Adjusted Performance of 0.138, downside deviation of 2.56, and Mean Deviation of 2.0 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CoinEx Token's returns are expected to increase less than the market. However, during the bear market, the loss of holding CoinEx Token is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
CoinEx Token has poor predictability. Overlapping area represents the amount of predictability between CoinEx Token time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 CoinEx Token price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current CoinEx Token price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CoinEx Token lagged returns against current returns
Autocorrelation, which is CoinEx Token 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 CoinEx Token's crypto coin expected returns. We can calculate the autocorrelation of CoinEx Token returns to help us make a trade decision. For example, suppose you find that CoinEx Token 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 |
CoinEx Token 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 CoinEx Token crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoinEx Token crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoinEx Token crypto coin over time.
Current vs Lagged Prices |
| Timeline |
CoinEx Token Lagged Returns
When evaluating CoinEx Token's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoinEx Token crypto coin have on its future price. CoinEx Token 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, CoinEx Token autocorrelation shows the relationship between CoinEx Token crypto coin current value and its past values and can show if there is a momentum factor associated with investing in CoinEx Token.
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 CoinEx Token offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CoinEx Token'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 Coinex Token Crypto.Check out CoinEx Token Correlation, CoinEx Token Volatility and Investing Opportunities module to complement your research on CoinEx Token. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
CoinEx Token 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.