CTXC Market Value
| CTXC Crypto | USD 0.66 0.02 2.94% |
| Symbol | CTXC |
CTXC '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 CTXC'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 CTXC.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in CTXC on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding CTXC or generate 0.0% return on investment in CTXC over 180 days. CTXC is related to or competes with XRP, Solana, Staked Ether, Toncoin, Worldcoin, Sui, and Stellar. CTXC is peer-to-peer digital currency powered by the Blockchain technology.
CTXC 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 CTXC'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 CTXC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.38 | |||
| Information Ratio | 0.2879 | |||
| Maximum Drawdown | 37.5 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 15.79 |
CTXC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CTXC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CTXC's standard deviation. In reality, there are many statistical measures that can use CTXC historical prices to predict the future CTXC's volatility.| Risk Adjusted Performance | 0.2418 | |||
| Jensen Alpha | 2.46 | |||
| Total Risk Alpha | 1.13 | |||
| Sortino Ratio | 0.3232 | |||
| Treynor Ratio | 5.93 |
CTXC Backtested Returns
CTXC is exceptionally volatile given 3 months investment horizon. CTXC secures Sharpe Ratio (or Efficiency) of 0.31, which signifies that digital coin had a 0.31% return per unit of volatility 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 2.56% are justified by taking the suggested risk. Use CTXC risk adjusted performance of 0.2418, and Mean Deviation of 5.64 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CTXC's returns are expected to increase less than the market. However, during the bear market, the loss of holding CTXC is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
CTXC has poor reverse predictability. Overlapping area represents the amount of predictability between CTXC time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 CTXC price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current CTXC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
CTXC lagged returns against current returns
Autocorrelation, which is CTXC 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 CTXC's crypto coin expected returns. We can calculate the autocorrelation of CTXC returns to help us make a trade decision. For example, suppose you find that CTXC 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 |
CTXC 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 CTXC crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CTXC crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CTXC crypto coin over time.
Current vs Lagged Prices |
| Timeline |
CTXC Lagged Returns
When evaluating CTXC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CTXC crypto coin have on its future price. CTXC 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, CTXC autocorrelation shows the relationship between CTXC crypto coin current value and its past values and can show if there is a momentum factor associated with investing in CTXC.
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 CTXC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CTXC'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 Ctxc Crypto.Check out CTXC Correlation, CTXC Volatility and Investing Opportunities module to complement your research on CTXC. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
CTXC 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.