Immutable Market Value
| IMX Crypto | USD 1.75 0.01 0.57% |
| Symbol | Immutable |
Immutable '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 Immutable'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 Immutable.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Immutable on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Immutable X or generate 0.0% return on investment in Immutable over 60 days. Immutable is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. Immutable X is peer-to-peer digital currency powered by the Blockchain technology.
Immutable 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 Immutable'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 Immutable X upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.3 | |||
| Information Ratio | 0.0547 | |||
| Maximum Drawdown | 23.21 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 8.62 |
Immutable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Immutable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Immutable's standard deviation. In reality, there are many statistical measures that can use Immutable historical prices to predict the future Immutable's volatility.| Risk Adjusted Performance | 0.0669 | |||
| Jensen Alpha | 0.2131 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.051 | |||
| Treynor Ratio | 0.2254 |
Immutable X Backtested Returns
Immutable appears to be unusually risky, given 3 months investment horizon. Immutable X holds Efficiency (Sharpe) Ratio of 0.0954, which attests that digital coin had a 0.0954% return per unit of risk over the last 3 months. By evaluating Immutable's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Immutable's Market Risk Adjusted Performance of 0.2354, downside deviation of 6.3, and Risk Adjusted Performance of 0.0669 to validate if our risk estimates are consistent with your expectations. The crypto retains a Market Volatility (i.e., Beta) of 1.94, which attests to 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, Immutable will likely underperform.
Auto-correlation | -0.58 |
Good reverse predictability
Immutable X has good reverse predictability. Overlapping area represents the amount of predictability between Immutable time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Immutable X price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Immutable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Immutable X lagged returns against current returns
Autocorrelation, which is Immutable 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 Immutable's crypto coin expected returns. We can calculate the autocorrelation of Immutable returns to help us make a trade decision. For example, suppose you find that Immutable 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 |
Immutable 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 Immutable crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Immutable crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Immutable crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Immutable Lagged Returns
When evaluating Immutable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Immutable crypto coin have on its future price. Immutable 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, Immutable autocorrelation shows the relationship between Immutable crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Immutable X.
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 Immutable X offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Immutable'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 Immutable X Crypto.Check out Immutable Correlation, Immutable Volatility and Investing Opportunities module to complement your research on Immutable. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Immutable 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.