LCX Market Value
| LCX Crypto | USD 0.29 0.01 3.33% |
| Symbol | LCX |
LCX '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 LCX'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 LCX.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in LCX on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding LCX or generate 0.0% return on investment in LCX over 180 days. LCX is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. LCX is peer-to-peer digital currency powered by the Blockchain technology.
LCX 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 LCX'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 LCX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.08 | |||
| Information Ratio | 0.1309 | |||
| Maximum Drawdown | 71.43 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 20.0 |
LCX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LCX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LCX's standard deviation. In reality, there are many statistical measures that can use LCX historical prices to predict the future LCX's volatility.| Risk Adjusted Performance | 0.1176 | |||
| Jensen Alpha | 1.54 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.1405 | |||
| Treynor Ratio | 0.8303 |
LCX Backtested Returns
LCX is abnormally risky given 3 months investment horizon. LCX has Sharpe Ratio of 0.16, which conveys that digital coin had a 0.16% return per unit of standard deviation over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.08% are justified by taking the suggested risk. Use LCX mean deviation of 7.97, and Downside Deviation of 12.08 to evaluate coin specific risk that cannot be diversified away. The entity secures a Beta (Market Risk) of 2.2, which conveys 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, LCX will likely underperform.
Auto-correlation | -0.17 |
Insignificant reverse predictability
LCX has insignificant reverse predictability. Overlapping area represents the amount of predictability between LCX 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 LCX price movement. The serial correlation of -0.17 indicates that over 17.0% of current LCX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LCX lagged returns against current returns
Autocorrelation, which is LCX 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 LCX's crypto coin expected returns. We can calculate the autocorrelation of LCX returns to help us make a trade decision. For example, suppose you find that LCX 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 |
LCX 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 LCX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LCX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LCX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
LCX Lagged Returns
When evaluating LCX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LCX crypto coin have on its future price. LCX 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, LCX autocorrelation shows the relationship between LCX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in LCX.
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 LCX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LCX'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 Lcx Crypto.Check out LCX Correlation, LCX Volatility and Investing Opportunities module to complement your research on LCX. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
LCX 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.