REX Crypto's market value is the price at which a share of REX Crypto trades on a public exchange. It measures the collective expectations of REX Crypto Equity investors about its performance. REX Crypto is trading at 49.14 as of the 4th of January 2025. This is a 4.31 percent increase since the beginning of the trading day. The etf's open price was 47.11. With this module, you can estimate the performance of a buy and hold strategy of REX Crypto Equity and determine expected loss or profit from investing in REX Crypto over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Symbol
REX
REX Crypto '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 REX Crypto's etf 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 REX Crypto.
0.00
11/05/2024
No Change 0.00
0.0
In 2 months and 2 days
01/04/2025
0.00
If you would invest 0.00 in REX Crypto on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding REX Crypto Equity or generate 0.0% return on investment in REX Crypto over 60 days.
REX Crypto 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 REX Crypto's etf 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 REX Crypto Equity upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for REX Crypto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as REX Crypto's standard deviation. In reality, there are many statistical measures that can use REX Crypto historical prices to predict the future REX Crypto's volatility.
REX Crypto Equity maintains Sharpe Ratio (i.e., Efficiency) of -0.074, which implies the entity had a -0.074% return per unit of risk over the last 3 months. REX Crypto Equity exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check REX Crypto's Coefficient Of Variation of (1,351), variance of 4.97, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The etf holds a Beta of 0.63, which implies possible diversification benefits within a given portfolio. As returns on the market increase, REX Crypto's returns are expected to increase less than the market. However, during the bear market, the loss of holding REX Crypto is expected to be smaller as well.
Auto-correlation
-1
Near perfect reversele predictability
REX Crypto Equity has near perfect reversele predictability. Overlapping area represents the amount of predictability between REX Crypto time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of REX Crypto Equity price movement. The serial correlation of -1.0 indicates that 100.0% of current REX Crypto price fluctuation can be explain by its past prices.
Correlation Coefficient
-1.0
Spearman Rank Test
-1.0
Residual Average
0.0
Price Variance
0.24
REX Crypto Equity lagged returns against current returns
Autocorrelation, which is REX Crypto etf'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 REX Crypto's etf expected returns. We can calculate the autocorrelation of REX Crypto returns to help us make a trade decision. For example, suppose you find that REX Crypto has exhibited high autocorrelation historically, and you observe that the etf 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
REX Crypto 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 REX Crypto etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if REX Crypto etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in REX Crypto etf over time.
Current vs Lagged Prices
Timeline
REX Crypto Lagged Returns
When evaluating REX Crypto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of REX Crypto etf have on its future price. REX Crypto 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, REX Crypto autocorrelation shows the relationship between REX Crypto etf current value and its past values and can show if there is a momentum factor associated with investing in REX Crypto Equity.