MIX Market Value
| MIX Crypto | USD 0 0.000093 5.28% |
| Symbol | MIX |
MIX '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 MIX'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 MIX.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in MIX on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding MIX or generate 0.0% return on investment in MIX over 90 days. MIX is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. MIX is peer-to-peer digital currency powered by the Blockchain technology.
MIX 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 MIX'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 MIX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.54 | |||
| Information Ratio | 0.0645 | |||
| Maximum Drawdown | 80.35 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 4.85 |
MIX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MIX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MIX's standard deviation. In reality, there are many statistical measures that can use MIX historical prices to predict the future MIX's volatility.| Risk Adjusted Performance | 0.0687 | |||
| Jensen Alpha | 0.6148 | |||
| Total Risk Alpha | (0.94) | |||
| Sortino Ratio | 0.1481 | |||
| Treynor Ratio | 0.5521 |
MIX Backtested Returns
MIX is abnormally risky given 3 months investment horizon. MIX has Sharpe Ratio of 0.12, which conveys that digital coin had a 0.12% return per unit of standard deviation over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.18% are justified by taking the suggested risk. Use MIX Mean Deviation of 3.78, market risk adjusted performance of 0.5621, and Risk Adjusted Performance of 0.0687 to evaluate coin specific risk that cannot be diversified away. The crypto secures a Beta (Market Risk) of 1.45, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MIX will likely underperform.
Auto-correlation | -0.62 |
Very good reverse predictability
MIX has very good reverse predictability. Overlapping area represents the amount of predictability between MIX time series from 1st of September 2024 to 16th of October 2024 and 16th of October 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 MIX price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current MIX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MIX lagged returns against current returns
Autocorrelation, which is MIX 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 MIX's crypto coin expected returns. We can calculate the autocorrelation of MIX returns to help us make a trade decision. For example, suppose you find that MIX 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 |
MIX 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 MIX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MIX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MIX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
MIX Lagged Returns
When evaluating MIX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MIX crypto coin have on its future price. MIX 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, MIX autocorrelation shows the relationship between MIX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in MIX.
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 MIX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MIX'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 Mix Crypto.Check out MIX Correlation, MIX Volatility and Investing Opportunities module to complement your research on MIX. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
MIX 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.