WAXP Market Value
| WAXP Crypto | USD 0.02 0.0002 0.84% |
| Symbol | WAXP |
WAXP '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 WAXP'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 WAXP.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in WAXP on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding WAXP or generate 0.0% return on investment in WAXP over 90 days. WAXP is related to or competes with Staked Ether, EigenLayer, Morpho, and DIA. WAXP is peer-to-peer digital currency powered by the Blockchain technology.
WAXP 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 WAXP'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 WAXP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.65 | |||
| Value At Risk | (6.96) | |||
| Potential Upside | 6.28 |
WAXP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WAXP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WAXP's standard deviation. In reality, there are many statistical measures that can use WAXP historical prices to predict the future WAXP's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 0.211 |
WAXP Backtested Returns
At this point, WAXP is very volatile. WAXP shows Sharpe Ratio of close to zero, which attests that digital coin had a close to zero % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for WAXP, which you can use to evaluate the volatility of coin. Please check out WAXP's Mean Deviation of 3.03, standard deviation of 3.94, and Market Risk Adjusted Performance of 0.221 to validate if the risk estimate we provide is consistent with the expected return of 0.0353%. The entity maintains a market beta of -0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WAXP are expected to decrease at a much lower rate. During the bear market, WAXP is likely to outperform the market.
Auto-correlation | -0.62 |
Very good reverse predictability
WAXP has very good reverse predictability. Overlapping area represents the amount of predictability between WAXP time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of WAXP price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current WAXP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WAXP lagged returns against current returns
Autocorrelation, which is WAXP 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 WAXP's crypto coin expected returns. We can calculate the autocorrelation of WAXP returns to help us make a trade decision. For example, suppose you find that WAXP 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 |
WAXP 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 WAXP crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WAXP crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WAXP crypto coin over time.
Current vs Lagged Prices |
| Timeline |
WAXP Lagged Returns
When evaluating WAXP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WAXP crypto coin have on its future price. WAXP 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, WAXP autocorrelation shows the relationship between WAXP crypto coin current value and its past values and can show if there is a momentum factor associated with investing in WAXP.
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 WAXP offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WAXP'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 Waxp Crypto.Check out WAXP Correlation, WAXP Volatility and Investing Opportunities module to complement your research on WAXP. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
WAXP 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.