IDEX Market Value
| IDEX Crypto | USD 0.05 0.0002 0.44% |
| Symbol | IDEX |
IDEX '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 IDEX'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 IDEX.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in IDEX on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding IDEX or generate 0.0% return on investment in IDEX over 30 days. IDEX is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. IDEX is peer-to-peer digital currency powered by the Blockchain technology.
IDEX 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 IDEX'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 IDEX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 27.37 | |||
| Value At Risk | (8.80) | |||
| Potential Upside | 5.97 |
IDEX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IDEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IDEX's standard deviation. In reality, there are many statistical measures that can use IDEX historical prices to predict the future IDEX's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | (0.18) |
IDEX Backtested Returns
IDEX appears to be very risky, given 3 months investment horizon. IDEX holds Efficiency (Sharpe) Ratio of 0.0593, which attests that digital coin had a 0.0593% return per unit of return volatility over the last 3 months. We have found twenty-three technical indicators for IDEX, which you can use to evaluate the volatility of coin. Please utilize IDEX's Risk Adjusted Performance of (0.02), coefficient of variation of (2,478), and Market Risk Adjusted Performance of (0.17) to validate if our risk estimates are consistent with your expectations. The crypto retains a Market Volatility (i.e., Beta) of 1.15, which attests to a somewhat significant risk relative to the market. IDEX returns are very sensitive to returns on the market. As the market goes up or down, IDEX is expected to follow.
Auto-correlation | 0.56 |
Modest predictability
IDEX has modest predictability. Overlapping area represents the amount of predictability between IDEX 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 IDEX price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current IDEX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
IDEX lagged returns against current returns
Autocorrelation, which is IDEX 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 IDEX's crypto coin expected returns. We can calculate the autocorrelation of IDEX returns to help us make a trade decision. For example, suppose you find that IDEX 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 |
IDEX 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 IDEX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IDEX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IDEX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
IDEX Lagged Returns
When evaluating IDEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IDEX crypto coin have on its future price. IDEX 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, IDEX autocorrelation shows the relationship between IDEX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in IDEX.
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 IDEX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IDEX'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 Idex Crypto.Check out IDEX Correlation, IDEX Volatility and Investing Opportunities module to complement your research on IDEX. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
IDEX 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.