EVX Market Value
| EVX Crypto | USD 0 0.000002 0.08% |
| Symbol | EVX |
EVX '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 EVX'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 EVX.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in EVX on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding EVX or generate 0.0% return on investment in EVX over 30 days. EVX is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. EVX is peer-to-peer digital currency powered by the Blockchain technology.
EVX 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 EVX'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 EVX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 35.4 | |||
| Information Ratio | 0.1801 | |||
| Maximum Drawdown | 841.39 | |||
| Value At Risk | (53.57) | |||
| Potential Upside | 102.03 |
EVX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EVX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EVX's standard deviation. In reality, there are many statistical measures that can use EVX historical prices to predict the future EVX's volatility.| Risk Adjusted Performance | 0.1485 | |||
| Jensen Alpha | 22.37 | |||
| Total Risk Alpha | 1.81 | |||
| Sortino Ratio | 0.6489 | |||
| Treynor Ratio | 4.03 |
EVX Backtested Returns
EVX is abnormally risky given 3 months investment horizon. EVX secures Sharpe Ratio (or Efficiency) of 0.18, which denotes digital coin had a 0.18% return per unit of volatility over the last 3 months. We have analyzed and interpolated twenty-seven different technical indicators, which can help you to evaluate if expected returns of 23.47% are justified by taking the suggested risk. Use EVX Mean Deviation of 53.97, downside deviation of 35.4, and Market Risk Adjusted Performance of 4.04 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 5.73, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, EVX will likely underperform.
Auto-correlation | 0.13 |
Insignificant predictability
EVX has insignificant predictability. Overlapping area represents the amount of predictability between EVX time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 EVX price movement. The serial correlation of 0.13 indicates that less than 13.0% of current EVX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EVX lagged returns against current returns
Autocorrelation, which is EVX 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 EVX's crypto coin expected returns. We can calculate the autocorrelation of EVX returns to help us make a trade decision. For example, suppose you find that EVX 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 |
EVX 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 EVX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EVX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EVX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
EVX Lagged Returns
When evaluating EVX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EVX crypto coin have on its future price. EVX 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, EVX autocorrelation shows the relationship between EVX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in EVX.
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 EVX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EVX'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 Evx Crypto.Check out EVX Correlation, EVX Volatility and Investing Opportunities module to complement your research on EVX. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
EVX 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.