Synthetix Market Value
| SNX Crypto | USD 0.89 0.01 1.11% |
| Symbol | Synthetix |
Synthetix '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 Synthetix'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 Synthetix.
| 11/27/2024 |
| 02/25/2025 |
If you would invest 0.00 in Synthetix on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Synthetix or generate 0.0% return on investment in Synthetix over 90 days. Synthetix is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, Tokocrypto, and DIA. Synthetix is peer-to-peer digital currency powered by the Blockchain technology.
Synthetix 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 Synthetix'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 Synthetix upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 37.34 | |||
| Value At Risk | (12.75) | |||
| Potential Upside | 10.5 |
Synthetix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synthetix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synthetix's standard deviation. In reality, there are many statistical measures that can use Synthetix historical prices to predict the future Synthetix's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.04) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | 0.6538 |
Synthetix Backtested Returns
Synthetix owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates digital coin had a -0.17 % return per unit of risk over the last 3 months. Synthetix exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Synthetix's Variance of 53.56, coefficient of variation of (718.34), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -1.57, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Synthetix are expected to decrease by larger amounts. On the other hand, during market turmoil, Synthetix is expected to outperform it.
Auto-correlation | 0.80 |
Very good predictability
Synthetix has very good predictability. Overlapping area represents the amount of predictability between Synthetix time series from 27th of November 2024 to 11th of January 2025 and 11th of January 2025 to 25th of February 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 Synthetix price movement. The serial correlation of 0.8 indicates that around 80.0% of current Synthetix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Synthetix lagged returns against current returns
Autocorrelation, which is Synthetix 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 Synthetix's crypto coin expected returns. We can calculate the autocorrelation of Synthetix returns to help us make a trade decision. For example, suppose you find that Synthetix 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 |
Synthetix 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 Synthetix crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synthetix crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synthetix crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Synthetix Lagged Returns
When evaluating Synthetix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synthetix crypto coin have on its future price. Synthetix 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, Synthetix autocorrelation shows the relationship between Synthetix crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Synthetix.
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 Synthetix offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Synthetix'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 Synthetix Crypto.Check out Synthetix Correlation, Synthetix Volatility and Investing Opportunities module to complement your research on Synthetix. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Synthetix 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.