XIN Market Value
| XIN Crypto | USD 145.65 1.65 1.15% |
| Symbol | XIN |
XIN '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 XIN'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 XIN.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in XIN on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding XIN or generate 0.0% return on investment in XIN over 180 days. XIN is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. XIN is peer-to-peer digital currency powered by the Blockchain technology.
XIN 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 XIN'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 XIN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.74 | |||
| Information Ratio | 0.0725 | |||
| Maximum Drawdown | 26.98 | |||
| Value At Risk | (5.95) | |||
| Potential Upside | 6.64 |
XIN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XIN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XIN's standard deviation. In reality, there are many statistical measures that can use XIN historical prices to predict the future XIN's volatility.| Risk Adjusted Performance | 0.0864 | |||
| Jensen Alpha | 0.4721 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0901 | |||
| Treynor Ratio | (8.10) |
XIN Backtested Returns
XIN appears to be very risky, given 3 months investment horizon. XIN shows Sharpe Ratio of 0.1, which attests that digital coin had a 0.1% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for XIN, which you can use to evaluate the volatility of coin. Please utilize XIN's Mean Deviation of 3.08, risk adjusted performance of 0.0864, and Downside Deviation of 3.74 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of -0.0574, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning XIN are expected to decrease at a much lower rate. During the bear market, XIN is likely to outperform the market.
Auto-correlation | 0.06 |
Virtually no predictability
XIN has virtually no predictability. Overlapping area represents the amount of predictability between XIN time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 XIN price movement. The serial correlation of 0.06 indicates that barely 6.0% of current XIN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 58.65 |
XIN lagged returns against current returns
Autocorrelation, which is XIN 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 XIN's crypto coin expected returns. We can calculate the autocorrelation of XIN returns to help us make a trade decision. For example, suppose you find that XIN 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 |
XIN 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 XIN crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XIN crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XIN crypto coin over time.
Current vs Lagged Prices |
| Timeline |
XIN Lagged Returns
When evaluating XIN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XIN crypto coin have on its future price. XIN 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, XIN autocorrelation shows the relationship between XIN crypto coin current value and its past values and can show if there is a momentum factor associated with investing in XIN.
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 XIN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of XIN'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 Xin Crypto.Check out XIN Correlation, XIN Volatility and Investing Opportunities module to complement your research on XIN. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
XIN 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.