XCP Market Value
| XCP Crypto | USD 7.72 0.08 1.03% |
| Symbol | XCP |
XCP '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 XCP'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 XCP.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in XCP on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding XCP or generate 0.0% return on investment in XCP over 30 days. XCP is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. XCP is peer-to-peer digital currency powered by the Blockchain technology.
XCP 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 XCP'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 XCP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.53 | |||
| Information Ratio | 0.0741 | |||
| Maximum Drawdown | 58.92 | |||
| Value At Risk | (9.68) | |||
| Potential Upside | 8.47 |
XCP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XCP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XCP's standard deviation. In reality, there are many statistical measures that can use XCP historical prices to predict the future XCP's volatility.| Risk Adjusted Performance | 0.081 | |||
| Jensen Alpha | 0.4555 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | 0.0668 | |||
| Treynor Ratio | 0.4599 |
XCP Backtested Returns
XCP appears to be unusually volatile, given 3 months investment horizon. XCP shows Sharpe Ratio of 0.1, which attests that digital coin had a 0.1% return per unit of standard deviation over the last 3 months. By reviewing XCP's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize XCP's Mean Deviation of 3.57, risk adjusted performance of 0.081, and Downside Deviation of 7.53 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 1.37, which attests to 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, XCP will likely underperform.
Auto-correlation | 0.37 |
Below average predictability
XCP has below average predictability. Overlapping area represents the amount of predictability between XCP time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 XCP price movement. The serial correlation of 0.37 indicates that just about 37.0% of current XCP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
XCP lagged returns against current returns
Autocorrelation, which is XCP 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 XCP's crypto coin expected returns. We can calculate the autocorrelation of XCP returns to help us make a trade decision. For example, suppose you find that XCP 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 |
XCP 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 XCP crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XCP crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XCP crypto coin over time.
Current vs Lagged Prices |
| Timeline |
XCP Lagged Returns
When evaluating XCP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XCP crypto coin have on its future price. XCP 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, XCP autocorrelation shows the relationship between XCP crypto coin current value and its past values and can show if there is a momentum factor associated with investing in XCP.
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 XCP offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of XCP'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 Xcp Crypto.Check out XCP Correlation, XCP Volatility and Investing Opportunities module to complement your research on XCP. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
XCP 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.