GNX Market Value
| GNX Crypto | USD 0.01 0.000075 1.26% |
| Symbol | GNX |
GNX '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 GNX'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 GNX.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in GNX on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding GNX or generate 0.0% return on investment in GNX over 270 days. GNX is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. GNX is peer-to-peer digital currency powered by the Blockchain technology.
GNX 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 GNX'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 GNX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 51.19 | |||
| Information Ratio | 0.3709 | |||
| Maximum Drawdown | 1499.95 | |||
| Value At Risk | (91.69) | |||
| Potential Upside | 1238.94 |
GNX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GNX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GNX's standard deviation. In reality, there are many statistical measures that can use GNX historical prices to predict the future GNX's volatility.| Risk Adjusted Performance | 0.2947 | |||
| Jensen Alpha | 146.58 | |||
| Total Risk Alpha | 89.41 | |||
| Sortino Ratio | 3.03 | |||
| Treynor Ratio | 2.15 |
GNX Backtested Returns
GNX is abnormally risky given 3 months investment horizon. GNX holds Efficiency (Sharpe) Ratio of 0.38, which attests that digital coin had a 0.38% return per unit of volatility over the last 3 months. We have analyzed and interpolated twenty-eight different technical indicators, which can help you to evaluate if expected returns of 132.58% are justified by taking the suggested risk. Use GNX market risk adjusted performance of 2.16, and Risk Adjusted Performance of 0.2947 to evaluate coin specific risk that cannot be diversified away. The crypto retains a Market Volatility (i.e., Beta) of 72.28, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GNX will likely underperform.
Auto-correlation | 0.13 |
Insignificant predictability
GNX has insignificant predictability. Overlapping area represents the amount of predictability between GNX time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 GNX price movement. The serial correlation of 0.13 indicates that less than 13.0% of current GNX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GNX lagged returns against current returns
Autocorrelation, which is GNX 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 GNX's crypto coin expected returns. We can calculate the autocorrelation of GNX returns to help us make a trade decision. For example, suppose you find that GNX 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 |
GNX 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 GNX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GNX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GNX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
GNX Lagged Returns
When evaluating GNX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GNX crypto coin have on its future price. GNX 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, GNX autocorrelation shows the relationship between GNX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in GNX.
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 GNX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GNX'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 Gnx Crypto.Check out GNX Correlation, GNX Volatility and Investing Opportunities module to complement your research on GNX. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
GNX 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.