Convex Finance Market Value
| CVX Crypto | USD 2.27 0.04 1.79% |
| Symbol | Convex |
Convex Finance '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 Convex Finance'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 Convex Finance.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Convex Finance on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Convex Finance or generate 0.0% return on investment in Convex Finance over 30 days. Convex Finance is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, Tokocrypto, and DIA. Convex Finance is peer-to-peer digital currency powered by the Blockchain technology.
Convex Finance 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 Convex Finance'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 Convex Finance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.26 | |||
| Information Ratio | 0.0136 | |||
| Maximum Drawdown | 66.76 | |||
| Value At Risk | (15.26) | |||
| Potential Upside | 20.65 |
Convex Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Convex Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Convex Finance's standard deviation. In reality, there are many statistical measures that can use Convex Finance historical prices to predict the future Convex Finance's volatility.| Risk Adjusted Performance | 0.0185 | |||
| Jensen Alpha | 0.0862 | |||
| Total Risk Alpha | 0.4976 | |||
| Sortino Ratio | 0.017 | |||
| Treynor Ratio | (0.06) |
Convex Finance Backtested Returns
Convex Finance secures Sharpe Ratio (or Efficiency) of -0.088, which signifies that digital coin had a -0.088 % return per unit of risk over the last 3 months. Convex Finance exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Convex Finance's Mean Deviation of 8.24, downside deviation of 9.26, and Risk Adjusted Performance of 0.0185 to double-check the risk estimate we provide. The crypto shows a Beta (market volatility) of -2.11, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Convex Finance are expected to decrease by larger amounts. On the other hand, during market turmoil, Convex Finance is expected to outperform it.
Auto-correlation | -0.7 |
Very good reverse predictability
Convex Finance has very good reverse predictability. Overlapping area represents the amount of predictability between Convex Finance time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd of March 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 Convex Finance price movement. The serial correlation of -0.7 indicates that around 70.0% of current Convex Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Convex Finance lagged returns against current returns
Autocorrelation, which is Convex Finance 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 Convex Finance's crypto coin expected returns. We can calculate the autocorrelation of Convex Finance returns to help us make a trade decision. For example, suppose you find that Convex Finance 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 |
Convex Finance 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 Convex Finance crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Convex Finance crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Convex Finance crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Convex Finance Lagged Returns
When evaluating Convex Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Convex Finance crypto coin have on its future price. Convex Finance 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, Convex Finance autocorrelation shows the relationship between Convex Finance crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Convex Finance.
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 Convex Finance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Convex Finance'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 Convex Finance Crypto.Check out Convex Finance Correlation, Convex Finance Volatility and Investing Opportunities module to complement your research on Convex Finance. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Convex Finance 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.