DX Market Value
| DX Crypto | USD 0.000017 0.000003 21.43% |
| Symbol | DX |
DX '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 DX'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 DX.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in DX on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding DX or generate 0.0% return on investment in DX over 90 days. DX is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, and DIA. DX is peer-to-peer digital currency powered by the Blockchain technology.
DX 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 DX'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 DX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 29.43 | |||
| Value At Risk | (13.04) | |||
| Potential Upside | 10.0 |
DX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DX's standard deviation. In reality, there are many statistical measures that can use DX historical prices to predict the future DX's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (1.08) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.5182 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DX's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
DX Backtested Returns
DX secures Sharpe Ratio (or Efficiency) of -0.13, which denotes digital coin had a -0.13 % return per unit of standard deviation over the last 3 months. DX exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DX's Mean Deviation of 5.11, coefficient of variation of (784.96), and Risk Adjusted Performance of (0.10) to check the risk estimate we provide. The crypto shows a Beta (market volatility) of -1.73, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning DX are expected to decrease by larger amounts. On the other hand, during market turmoil, DX is expected to outperform it.
Auto-correlation | 0.66 |
Good predictability
DX has good predictability. Overlapping area represents the amount of predictability between DX time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 DX price movement. The serial correlation of 0.66 indicates that around 66.0% of current DX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DX lagged returns against current returns
Autocorrelation, which is DX 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 DX's crypto coin expected returns. We can calculate the autocorrelation of DX returns to help us make a trade decision. For example, suppose you find that DX 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 |
DX 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 DX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
DX Lagged Returns
When evaluating DX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DX crypto coin have on its future price. DX 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, DX autocorrelation shows the relationship between DX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in DX.
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 DX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DX'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 Dx Crypto.Check out DX Correlation, DX Volatility and Investing Opportunities module to complement your research on DX. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
DX 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.