WXT Market Value
| WXT Crypto | USD 0 0.000019 1.01% |
| Symbol | WXT |
WXT '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 WXT'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 WXT.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in WXT on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding WXT or generate 0.0% return on investment in WXT over 90 days. WXT is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, and DIA. WXT is peer-to-peer digital currency powered by the Blockchain technology.
WXT 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 WXT'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 WXT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 84.13 | |||
| Value At Risk | (5.66) | |||
| Potential Upside | 3.52 |
WXT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WXT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WXT's standard deviation. In reality, there are many statistical measures that can use WXT historical prices to predict the future WXT's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (2.32) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.4718 |
WXT Backtested Returns
WXT shows Sharpe Ratio of -0.19, which attests that digital coin had a -0.19 % return per unit of risk over the last 3 months. WXT exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WXT's Market Risk Adjusted Performance of 0.4818, mean deviation of 3.86, and Standard Deviation of 10.54 to validate the risk estimate we provide. The entity maintains a market beta of -3.99, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning WXT are expected to decrease by larger amounts. On the other hand, during market turmoil, WXT is expected to outperform it.
Auto-correlation | 0.63 |
Good predictability
WXT has good predictability. Overlapping area represents the amount of predictability between WXT time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 WXT price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current WXT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WXT lagged returns against current returns
Autocorrelation, which is WXT 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 WXT's crypto coin expected returns. We can calculate the autocorrelation of WXT returns to help us make a trade decision. For example, suppose you find that WXT 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 |
WXT 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 WXT crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WXT crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WXT crypto coin over time.
Current vs Lagged Prices |
| Timeline |
WXT Lagged Returns
When evaluating WXT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WXT crypto coin have on its future price. WXT 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, WXT autocorrelation shows the relationship between WXT crypto coin current value and its past values and can show if there is a momentum factor associated with investing in WXT.
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 WXT offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WXT'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 Wxt Crypto.Check out WXT Correlation, WXT Volatility and Investing Opportunities module to complement your research on WXT. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
WXT 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.