0x Volatility

ZRX Crypto  USD 1.07  0.02  1.90%   
0x is abnormally risky given 3 months investment horizon. 0x secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that digital coin had a 0.2% return per unit of risk 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 2.27% are justified by taking the suggested risk. Use 0x Semi Deviation of 6.26, mean deviation of 6.33, and Risk Adjusted Performance of 0.1185 to evaluate coin specific risk that cannot be diversified away. Key indicators related to 0x's volatility include:
60 Days Market Risk
Risk of Devaluation
60 Days Economic Sensitivity
0x Crypto Coin volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of 0x daily returns, and it is calculated using variance and standard deviation. We also use 0x's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of 0x volatility.
  
Since volatility provides cryptocurrency investors with entry points to take advantage of coin prices, investors in projects such as 0x can benefit from it. Downward market volatility can be a perfect environment for traders who play the long game. Here, they may buy additional 0x shares at lower prices. For example, an investor can purchase 0x coin that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of 0x's crypto rise, investors can sell out and invest the proceeds in other coins with better opportunities. Investing in volatile markets will allow investors in evolving Defi or crypto projects such as 0x to generate better long-term returns.

Moving together with 0x Crypto Coin

  0.91SOL SolanaPairCorr
  0.65XRP XRPPairCorr
  0.75STETH Staked EtherPairCorr
  0.9AVAX AvalanchePairCorr
  0.85APT AptosPairCorr

0x Market Sensitivity And Downside Risk

0x's beta coefficient measures the volatility of 0x crypto coin compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents 0x crypto coin's returns against your selected market. In other words, 0x's beta of -2.35 provides an investor with an approximation of how much risk 0x crypto coin can potentially add to one of your existing portfolios. 0x is showing large volatility of returns over the selected time horizon. We encourage all cryptocurrency investors to investigate this coin further to make sure related market timing strategies are aligned with all the expectations about 0x implied risk. Please note that many cryptocurrencies are speculative and subject to artificial price hype. Ensure you understand the upside potential and downside risk of investing in 0x. We encourage all cryptocurrency investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before the public announcements. Please also check the biographies and work history of current and past project contributors before investing in high-volatility crypto coins. You can indeed make money on 0x if you perfectly time your entry and exit. However, remember that cryptos that have been the subject of artificial hype usually cannot maintain its increased price for more than a few days. The price of a promoted high-volatility instrument will almost always revert. The only way to increase coin holder value is through legitimate performance analysis backed up by solid fundamentals of the project the coin represents. Understanding different market volatility trends often help investors time the market. Properly using volatility indicators enable traders to measure 0x's crypto coin risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact 0x's price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different cryptos as prices fall or investing in DeFi projects.
3 Months Beta |Analyze 0x Demand Trend
Check current 90 days 0x correlation with market (NYSE Composite)

0x Beta

    
  -2.35  
0x standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  11.51  
It is essential to understand the difference between upside risk (as represented by 0x's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of 0x's daily returns or price. Since the actual investment returns on holding a position in 0x crypto coin tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in 0x.

0x Crypto Coin Volatility Analysis

Volatility refers to the frequency at which 0x crypto price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with 0x's price changes. Investors will then calculate the volatility of 0x's crypto coin to predict their future moves. A crypto that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A crypto coin with relatively stable price changes has low volatility. A highly volatile crypto is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of 0x's volatility:

Historical Volatility

This type of crypto volatility measures 0x's fluctuations based on previous trends. It's commonly used to predict 0x's future behavior based on its past. However, it cannot conclusively determine the future direction of the crypto coin.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for 0x's current market price. This means that the crypto will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on 0x's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. 0x Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.

0x Projected Return Density Against Market

Assuming the 90 days trading horizon 0x has a beta of -2.3507 . This usually means as returns on its benchmark rise, returns on holding 0x are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, 0x is expected to outperform its benchmark.
Most traded cryptocurrencies are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or coin-specific or project-specific) risk. Unsystematic risk is the risk that events specific to 0x project will adversely affect the coin's price. This type of risk can be diversified away by owning several different digital assets on different exchanges whose coin prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that 0x's price will be affected by overall cryptocurrency market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a 0x crypto's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
0x has an alpha of 2.4895, implying that it can generate a 2.49 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Predicted Return Density   
       Returns  
0x's volatility of a cryptocurrency is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how 0x crypto coin's price will differ from the historical average after some time. There is a big difference when you buy 0x from a government-approved cryptocurrency exchange like Coinbase or a marketplace managed by a foreign entity. Using a local, USA-based marketplace will be less exposed to price manipulation. However, just like with stock markets, cryptocurrencies fluctuate because it is influenced by constant media hype, basic supply and demand laws, investor sentiments, and government regulations. These factors work together to add to 0x's price volatility.

0x Crypto Coin Risk Measures

Assuming the 90 days trading horizon the coefficient of variation of 0x is 507.26. The daily returns are distributed with a variance of 132.41 and standard deviation of 11.51. The mean deviation of 0x is currently at 6.57. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.
α
Alpha over NYSE Composite
2.49
β
Beta against NYSE Composite-2.35
σ
Overall volatility
11.51
Ir
Information ratio 0.18

0x Crypto Coin Return Volatility

0x historical daily return volatility represents how much of 0x crypto's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. Keep in mind that cryptocurrencies such as 0x have only been around for a short time and are still in the price discovery phase. This means that prices will continue to change as investors and governments work through the initial concerns until prices stabilize, provided a stable point can be reached. 0x assumes 11.5071% volatility of returns over the 90 days investment horizon. By contrast, NYSE Composite accepts 0.5731% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About 0x Volatility

Volatility is a rate at which the price of 0x or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of 0x may increase or decrease. In other words, similar to 0x's beta indicator, it measures the risk of 0x and helps estimate the fluctuations that may happen in a short period of time. So if prices of 0x fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

3 ways to utilize 0x's volatility to invest better

Higher 0x's crypto volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of 0x crypto is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. 0x crypto volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of 0x investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in 0x's crypto can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of 0x's crypto relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

0x Investment Opportunity

0x has a volatility of 11.51 and is 20.19 times more volatile than NYSE Composite. 96 percent of all equities and portfolios are less risky than 0x. You can use 0x to enhance the returns of your portfolios. The crypto coin experiences a large bullish trend. Check odds of 0x to be traded at $1.177 in 90 days.

Good diversification

The correlation between 0x and NYA is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 0x and NYA in the same portfolio, assuming nothing else is changed. Please note that 0x is a digital instrument and cryptocurrency exchanges were notoriously volatile since the beginning of their establishment.

0x Additional Risk Indicators

The analysis of 0x's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in 0x's investment and either accepting that risk or mitigating it. Along with some common measures of 0x crypto coin's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential crypto coins, we recommend comparing similar cryptos with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

0x Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against 0x as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. 0x's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, 0x's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to 0x.
When determining whether 0x offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of 0x'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 0x Crypto.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in 0x. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for 0x Crypto Coin analysis

When running 0x's price analysis, check to measure 0x's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy 0x is operating at the current time. Most of 0x's value examination focuses on studying past and present price actions to predict the probability of 0x's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move 0x's coin price. Additionally, you may evaluate how adding 0x to your portfolios can decrease your overall portfolio volatility.
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Global Correlations
Find global opportunities by holding instruments from different markets
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Stocks Directory
Find actively traded stocks across global markets
Please note, there is a significant difference between 0x's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine 0x value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, 0x's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.