PIVX Market Value
| PIVX Crypto | USD 0.26 0.01 4.00% |
| Symbol | PIVX |
PIVX '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 PIVX'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 PIVX.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in PIVX on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding PIVX or generate 0.0% return on investment in PIVX over 60 days. PIVX is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. PIVX is peer-to-peer digital currency powered by the Blockchain technology.
PIVX 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 PIVX'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 PIVX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.99 | |||
| Information Ratio | 0.0517 | |||
| Maximum Drawdown | 24.16 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 10.0 |
PIVX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIVX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIVX's standard deviation. In reality, there are many statistical measures that can use PIVX historical prices to predict the future PIVX's volatility.| Risk Adjusted Performance | 0.0696 | |||
| Jensen Alpha | 0.271 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0395 | |||
| Treynor Ratio | 0.5006 |
PIVX Backtested Returns
PIVX appears to be very risky, given 3 months investment horizon. PIVX maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies digital coin had a 0.11% return per unit of standard deviation over the last 3 months. By inspecting PIVX's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please evaluate PIVX's Risk Adjusted Performance of 0.0696, market risk adjusted performance of 0.5106, and Semi Deviation of 3.29 to confirm if our risk estimates are consistent with your expectations. The crypto holds a Beta of 0.71, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PIVX's returns are expected to increase less than the market. However, during the bear market, the loss of holding PIVX is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
PIVX has very weak predictability. Overlapping area represents the amount of predictability between PIVX 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 PIVX price movement. The serial correlation of 0.16 indicates that over 16.0% of current PIVX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PIVX lagged returns against current returns
Autocorrelation, which is PIVX 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 PIVX's crypto coin expected returns. We can calculate the autocorrelation of PIVX returns to help us make a trade decision. For example, suppose you find that PIVX 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 |
PIVX 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 PIVX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIVX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIVX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
PIVX Lagged Returns
When evaluating PIVX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIVX crypto coin have on its future price. PIVX 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, PIVX autocorrelation shows the relationship between PIVX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in PIVX.
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 PIVX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PIVX'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 Pivx Crypto.Check out PIVX Correlation, PIVX Volatility and Investing Opportunities module to complement your research on PIVX. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
PIVX 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.