XDN Market Value
| XDN Crypto | USD 0.000039 0.000001 2.63% |
| Symbol | XDN |
XDN '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 XDN'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 XDN.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in XDN on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding XDN or generate 0.0% return on investment in XDN over 180 days. XDN is related to or competes with Decred. XDN is peer-to-peer digital currency powered by the Blockchain technology.
XDN 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 XDN'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 XDN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.75 | |||
| Information Ratio | 0.1317 | |||
| Maximum Drawdown | 159.65 | |||
| Value At Risk | (10.34) | |||
| Potential Upside | 16.0 |
XDN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XDN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XDN's standard deviation. In reality, there are many statistical measures that can use XDN historical prices to predict the future XDN's volatility.| Risk Adjusted Performance | 0.1164 | |||
| Jensen Alpha | 2.9 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.135 | |||
| Treynor Ratio | (0.60) |
XDN Backtested Returns
XDN is abnormally risky given 3 months investment horizon. XDN shows Sharpe Ratio of 0.15, which attests that digital coin had a 0.15% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-four different technical indicators, which can help you to evaluate if expected returns of 2.52% are justified by taking the suggested risk. Use XDN Mean Deviation of 7.17, downside deviation of 16.75, and Risk Adjusted Performance of 0.1164 to evaluate coin specific risk that cannot be diversified away. The entity maintains a market beta of -3.99, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning XDN are expected to decrease by larger amounts. On the other hand, during market turmoil, XDN is expected to outperform it.
Auto-correlation | -0.28 |
Weak reverse predictability
XDN has weak reverse predictability. Overlapping area represents the amount of predictability between XDN time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 XDN price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current XDN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
XDN lagged returns against current returns
Autocorrelation, which is XDN 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 XDN's crypto coin expected returns. We can calculate the autocorrelation of XDN returns to help us make a trade decision. For example, suppose you find that XDN 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 |
XDN 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 XDN crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XDN crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XDN crypto coin over time.
Current vs Lagged Prices |
| Timeline |
XDN Lagged Returns
When evaluating XDN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XDN crypto coin have on its future price. XDN 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, XDN autocorrelation shows the relationship between XDN crypto coin current value and its past values and can show if there is a momentum factor associated with investing in XDN.
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 XDN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of XDN'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 Xdn Crypto.Check out XDN Correlation, XDN Volatility and Investing Opportunities module to complement your research on XDN. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
XDN 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.