OAX Market Value
| OAX Crypto | USD 0.03 0.02 139.67% |
| Symbol | OAX |
OAX '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 OAX'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 OAX.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in OAX on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding OAX or generate 0.0% return on investment in OAX over 90 days. OAX is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, and DIA. OAX is peer-to-peer digital currency powered by the Blockchain technology.
OAX 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 OAX'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 OAX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.44 | |||
| Information Ratio | 0.0417 | |||
| Maximum Drawdown | 64.55 | |||
| Value At Risk | (15.44) | |||
| Potential Upside | 14.71 |
OAX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OAX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OAX's standard deviation. In reality, there are many statistical measures that can use OAX historical prices to predict the future OAX's volatility.| Risk Adjusted Performance | 0.0416 | |||
| Jensen Alpha | 0.2709 | |||
| Total Risk Alpha | 3.27 | |||
| Sortino Ratio | 0.0739 | |||
| Treynor Ratio | (0.17) |
OAX Backtested Returns
OAX appears to be abnormally risky, given 3 months investment horizon. OAX maintains Sharpe Ratio (i.e., Efficiency) of 0.0368, which implies digital coin had a 0.0368 % return per unit of standard deviation over the last 3 months. By inspecting OAX's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please evaluate OAX's Coefficient Of Variation of 2714.08, mean deviation of 8.67, and Market Risk Adjusted Performance of (0.16) to confirm if our risk estimates are consistent with your expectations. The entity holds a Beta of -4.26, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning OAX are expected to decrease by larger amounts. On the other hand, during market turmoil, OAX is expected to outperform it.
Auto-correlation | 0.13 |
Insignificant predictability
OAX has insignificant predictability. Overlapping area represents the amount of predictability between OAX time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 OAX price movement. The serial correlation of 0.13 indicates that less than 13.0% of current OAX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OAX lagged returns against current returns
Autocorrelation, which is OAX 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 OAX's crypto coin expected returns. We can calculate the autocorrelation of OAX returns to help us make a trade decision. For example, suppose you find that OAX 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 |
OAX 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 OAX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OAX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OAX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
OAX Lagged Returns
When evaluating OAX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OAX crypto coin have on its future price. OAX 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, OAX autocorrelation shows the relationship between OAX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in OAX.
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 OAX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OAX'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 Oax Crypto.Check out OAX Correlation, OAX Volatility and Investing Opportunities module to complement your research on OAX. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
OAX 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.