Pixels Market Value
| PIXEL Crypto | USD 0.24 0.02 9.09% |
| Symbol | Pixels |
Pixels '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 Pixels' 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 Pixels.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Pixels on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Pixels or generate 0.0% return on investment in Pixels over 30 days. Pixels is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. Pixels is peer-to-peer digital currency powered by the Blockchain technology.
Pixels 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 Pixels' 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 Pixels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.0 | |||
| Information Ratio | 0.106 | |||
| Maximum Drawdown | 34.84 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 20.0 |
Pixels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pixels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pixels' standard deviation. In reality, there are many statistical measures that can use Pixels historical prices to predict the future Pixels' volatility.| Risk Adjusted Performance | 0.102 | |||
| Jensen Alpha | 0.8894 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.1105 | |||
| Treynor Ratio | 1.05 |
Pixels Backtested Returns
Pixels is exceptionally volatile given 3 months investment horizon. Pixels maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies digital coin had a 0.15% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.3% are justified by taking the suggested risk. Use Pixels Semi Deviation of 5.5, coefficient of variation of 822.34, and Risk Adjusted Performance of 0.102 to evaluate coin specific risk that cannot be diversified away. The crypto holds a Beta of 0.96, which implies possible diversification benefits within a given portfolio. Pixels returns are very sensitive to returns on the market. As the market goes up or down, Pixels is expected to follow.
Auto-correlation | 0.62 |
Good predictability
Pixels has good predictability. Overlapping area represents the amount of predictability between Pixels 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 Pixels price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Pixels price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pixels lagged returns against current returns
Autocorrelation, which is Pixels 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 Pixels' crypto coin expected returns. We can calculate the autocorrelation of Pixels returns to help us make a trade decision. For example, suppose you find that Pixels 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 |
Pixels 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 Pixels crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pixels crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pixels crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Pixels Lagged Returns
When evaluating Pixels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pixels crypto coin have on its future price. Pixels 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, Pixels autocorrelation shows the relationship between Pixels crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Pixels.
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 Pixels offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Pixels' 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 Pixels Crypto.Check out Pixels Correlation, Pixels Volatility and Investing Opportunities module to complement your research on Pixels. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Pixels 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.