Alchemix Market Value

ALCX
 Crypto
  

USD 27.97  0.35  1.27%   

Alchemix's market value is the price at which a share of Alchemix stock trades on a public exchange. It measures the collective expectations of Alchemix investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Alchemix and determine expected loss or profit from investing in Alchemix over a given investment horizon. Please continue to Bitcoin Browser, Alchemix Correlation, Portfolio Optimization, Alchemix Volatility, as well as analyze Investing Opportunities and Alchemix Performance.
Symbol
Backtest


Please note, there is a significant difference between Alchemix's value and its price as these two are different measures arrived at by different means. Investors typically determine Alchemix value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alchemix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Alchemix '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 Alchemix'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 Alchemix.
0.00
07/06/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
06/26/2022
0.00
If you would invest  0.00  in Alchemix on July 6, 2020 and sell it all today you would earn a total of 0.00 from holding Alchemix or generate 0.0% return on investment in Alchemix over 720 days. Alchemix is related to or competes with XRP, Solana, Polkadot, FTX Token, Avalanche, Chainlink, and Dai. Alchemix is peer-to-peer digital currency powered by the Blockchain technologyMore

Alchemix 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 Alchemix'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 Alchemix upside and downside potential and time the market with a certain degree of confidence.

Alchemix Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alchemix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alchemix's standard deviation. In reality, there are many statistical measures that can use Alchemix historical prices to predict the future Alchemix's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Alchemix's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Alchemix in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
12.5122.2231.93
Details
Intrinsic
Valuation
LowReal ValueHigh
17.1426.8536.56
Details
Naive
Forecast
LowNext ValueHigh
12.2421.9431.65
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.1526.4335.71
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alchemix. Your research has to be compared to or analyzed against Alchemix's peers to derive any actionable benefits. When done correctly, Alchemix's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Alchemix.

Alchemix Backtested Returns

Alchemix secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that digital coin had -0.17% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in foreseeing the risk of any crypto is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Alchemix exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alchemix risk adjusted performance of (0.24), and Mean Deviation of 7.0 to double-check the risk estimate we provide.
The crypto shows a Beta (market volatility) of 0.8354, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Alchemix's beta means in this case. As returns on the market increase, Alchemix returns are expected to increase less than the market. However, during the bear market, the loss on holding Alchemix will be expected to be smaller as well. Even though it is essential to pay attention to Alchemix historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in foreseeing any crypto's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Alchemix exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.00  

No correlation between past and present

Alchemix has no correlation between past and present. Overlapping area represents the amount of predictability between Alchemix time series from 6th of July 2020 to 1st of July 2021 and 1st of July 2021 to 26th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alchemix price movement. The serial correlation of 0.0 indicates that just 0.0% of current Alchemix price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.78
Residual Average0.0
Price Variance5597.87

Alchemix lagged returns against current returns

Autocorrelation, which is Alchemix 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 Alchemix's crypto coin expected returns. We can calculate the autocorrelation of Alchemix returns to help us make a trade decision. For example, suppose you find that Alchemix crypto coin has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Alchemix 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 Alchemix crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alchemix crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alchemix crypto coin over time.
 Current vs Lagged Prices 
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      Timeline 

Alchemix Lagged Returns

When evaluating Alchemix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alchemix crypto coin have on its future price. Alchemix 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, Alchemix autocorrelation shows the relationship between Alchemix crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Alchemix.
 Regressed Prices 
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      Timeline 

Alchemix Investors Sentiment

The influence of Alchemix's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alchemix. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alchemix in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alchemix's short interest history, or implied volatility extrapolated from Alchemix options trading.

Current Sentiment - ALCX

Alchemix Investor Sentiment

Macroaxis portfolio users are unresponsive in their sentiment towards investing in Alchemix. What is your sentiment towards investing in Alchemix? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Pair Trading with Alchemix

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alchemix position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alchemix will appreciate offsetting losses from the drop in the long position's value.

Alchemix Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Alchemix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alchemix when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alchemix - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alchemix to buy it.
The correlation of Alchemix is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alchemix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alchemix moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alchemix can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Bitcoin Browser, Alchemix Correlation, Portfolio Optimization, Alchemix Volatility, as well as analyze Investing Opportunities and Alchemix Performance. Note that the Alchemix information on this page should be used as a complementary analysis to other Alchemix's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bond Directory module to find actively traded corporate debentures issued by US companies.

Other Tools for Alchemix Crypto Coin

When running Alchemix price analysis, check to measure Alchemix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alchemix is operating at the current time. Most of Alchemix's value examination focuses on studying past and present price action to predict the probability of Alchemix's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alchemix's price. Additionally, you may evaluate how the addition of Alchemix to your portfolios can decrease your overall portfolio volatility.
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