DeXe Market Value
| DEXE Crypto | USD 8.56 0.01 0.12% |
| Symbol | DeXe |
DeXe '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 DeXe'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 DeXe.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in DeXe on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding DeXe or generate 0.0% return on investment in DeXe over 30 days. DeXe is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. DeXe is peer-to-peer digital currency powered by the Blockchain technology.
DeXe 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 DeXe'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 DeXe upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.12 | |||
| Information Ratio | 0.0054 | |||
| Maximum Drawdown | 23.86 | |||
| Value At Risk | (5.85) | |||
| Potential Upside | 5.65 |
DeXe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DeXe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DeXe's standard deviation. In reality, there are many statistical measures that can use DeXe historical prices to predict the future DeXe's volatility.| Risk Adjusted Performance | 0.0373 | |||
| Jensen Alpha | 0.0491 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0052 | |||
| Treynor Ratio | 0.1842 |
DeXe Backtested Returns
DeXe appears to be very risky, given 3 months investment horizon. DeXe secures Sharpe Ratio (or Efficiency) of 0.0814, which denotes digital coin had a 0.0814% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for DeXe, which you can use to evaluate the volatility of coin. Please utilize DeXe's Downside Deviation of 4.12, mean deviation of 2.83, and Market Risk Adjusted Performance of 0.1942 to check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.77, which means possible diversification benefits within a given portfolio. As returns on the market increase, DeXe's returns are expected to increase less than the market. However, during the bear market, the loss of holding DeXe is expected to be smaller as well.
Auto-correlation | -0.62 |
Very good reverse predictability
DeXe has very good reverse predictability. Overlapping area represents the amount of predictability between DeXe time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 DeXe price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current DeXe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
DeXe lagged returns against current returns
Autocorrelation, which is DeXe 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 DeXe's crypto coin expected returns. We can calculate the autocorrelation of DeXe returns to help us make a trade decision. For example, suppose you find that DeXe 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 |
DeXe 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 DeXe crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DeXe crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DeXe crypto coin over time.
Current vs Lagged Prices |
| Timeline |
DeXe Lagged Returns
When evaluating DeXe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DeXe crypto coin have on its future price. DeXe 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, DeXe autocorrelation shows the relationship between DeXe crypto coin current value and its past values and can show if there is a momentum factor associated with investing in DeXe.
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 DeXe offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DeXe'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 Dexe Crypto.Check out DeXe Correlation, DeXe Volatility and Investing Opportunities module to complement your research on DeXe. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
DeXe 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.