XDC Network Market Value
| XDC Crypto | USD 0.06 0.0001 0.18% |
| Symbol | XDC |
XDC Network '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 XDC Network'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 XDC Network.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in XDC Network on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding XDC Network or generate 0.0% return on investment in XDC Network over 30 days. XDC Network is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. XDC Network is peer-to-peer digital currency powered by the Blockchain technology.
XDC Network 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 XDC Network'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 XDC Network upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.1677 | |||
| Maximum Drawdown | 67.75 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 6.42 |
XDC Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XDC Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XDC Network's standard deviation. In reality, there are many statistical measures that can use XDC Network historical prices to predict the future XDC Network's volatility.| Risk Adjusted Performance | 0.1501 | |||
| Jensen Alpha | 1.37 | |||
| Total Risk Alpha | 0.2466 | |||
| Sortino Ratio | 0.4471 | |||
| Treynor Ratio | 5.39 |
XDC Network Backtested Returns
XDC Network is unreasonably risky given 3 months investment horizon. XDC Network retains Efficiency (Sharpe Ratio) of 0.18, which attests that digital coin had a 0.18% return per unit of volatility over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.41% are justified by taking the suggested risk. Use XDC Network Market Risk Adjusted Performance of 5.4, standard deviation of 7.65, and Mean Deviation of 3.13 to evaluate coin specific risk that cannot be diversified away. The entity owns a Beta (Systematic Risk) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, XDC Network's returns are expected to increase less than the market. However, during the bear market, the loss of holding XDC Network is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
XDC Network has good predictability. Overlapping area represents the amount of predictability between XDC Network time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 XDC Network price movement. The serial correlation of 0.74 indicates that around 74.0% of current XDC Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
XDC Network lagged returns against current returns
Autocorrelation, which is XDC Network 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 XDC Network's crypto coin expected returns. We can calculate the autocorrelation of XDC Network returns to help us make a trade decision. For example, suppose you find that XDC Network 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 |
XDC Network 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 XDC Network crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XDC Network crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XDC Network crypto coin over time.
Current vs Lagged Prices |
| Timeline |
XDC Network Lagged Returns
When evaluating XDC Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XDC Network crypto coin have on its future price. XDC Network 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, XDC Network autocorrelation shows the relationship between XDC Network crypto coin current value and its past values and can show if there is a momentum factor associated with investing in XDC Network.
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 XDC Network offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of XDC Network'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 Xdc Network Crypto.Check out XDC Network Correlation, XDC Network Volatility and Investing Opportunities module to complement your research on XDC Network. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
XDC Network 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.