XMR Market Value
| XMR Crypto | USD 159.02 4.90 3.18% |
| Symbol | XMR |
XMR '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 XMR'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 XMR.
| 10/05/2024 |
| 11/04/2024 |
If you would invest 0.00 in XMR on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding XMR or generate 0.0% return on investment in XMR over 30 days. XMR is related to or competes with Staked Ether, Wrapped Bitcoin, Tether, Chainlink, USD Coin, and FTX Token. XMR is peer-to-peer digital currency powered by the Blockchain technology.
XMR 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 XMR'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 XMR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | 0.0086 | |||
| Maximum Drawdown | 17.14 | |||
| Value At Risk | (4.28) | |||
| Potential Upside | 4.54 |
XMR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XMR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XMR's standard deviation. In reality, there are many statistical measures that can use XMR historical prices to predict the future XMR's volatility.| Risk Adjusted Performance | 0.0309 | |||
| Jensen Alpha | 0.0614 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0083 | |||
| Treynor Ratio | 0.2305 |
XMR Backtested Returns
At this point, XMR is risky. XMR shows Sharpe Ratio of 0.0589, which attests that digital coin had a 0.0589% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for XMR, which you can use to evaluate the volatility of coin. Please check out XMR's Mean Deviation of 2.15, market risk adjusted performance of 0.2405, and Downside Deviation of 3.04 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The entity maintains a market beta of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, XMR's returns are expected to increase less than the market. However, during the bear market, the loss of holding XMR is expected to be smaller as well.
Auto-correlation | -0.36 |
Poor reverse predictability
XMR has poor reverse predictability. Overlapping area represents the amount of predictability between XMR time series from 5th of October 2024 to 20th of October 2024 and 20th of October 2024 to 4th 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 XMR price movement. The serial correlation of -0.36 indicates that just about 36.0% of current XMR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 7.0 |
XMR lagged returns against current returns
Autocorrelation, which is XMR 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 XMR's crypto coin expected returns. We can calculate the autocorrelation of XMR returns to help us make a trade decision. For example, suppose you find that XMR 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 |
XMR 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 XMR crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XMR crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XMR crypto coin over time.
Current vs Lagged Prices |
| Timeline |
XMR Lagged Returns
When evaluating XMR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XMR crypto coin have on its future price. XMR 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, XMR autocorrelation shows the relationship between XMR crypto coin current value and its past values and can show if there is a momentum factor associated with investing in XMR.
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 XMR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of XMR'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 Xmr Crypto.Check out XMR Correlation, XMR Volatility and Investing Opportunities module to complement your research on XMR. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
XMR 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.