Predictive Strength

Negligible
Monero historically had 2.53% 30 days returns when Reddit Sentiment was▆ Low (0.2 - 0.4). It indicates average expected returns.
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XMR Price with Reddit Sentiment

Factor Plot

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▆ Very Low▆ Low▆ Moderate▆ High▆ Very High

Predictive Strength

Negligible

Measures the ratio of positive to negative mentions on Reddit.

Potential Edge

Reflexive Feedback Loops

Crypto markets exhibit stronger reflexivity than traditional assets due to retail dominance and transparent blockchain data. Bullish Reddit sentiment → increased visibility → FOMO buying → price appreciation → reinforced sentiment. This self-reinforcing cycle creates momentum that technical analysis alone might miss.

Data Collection Methodology

Reddit sentiment data is sourced through automated scraping of posts/comments from specified subreddits, followed by preprocessing and analysis via machine learning models. The raw sentiment scores are then normalized against historical averages to create a relative index.

Read more about our methodology

Backtest (Strategy Performance) - Strategy

100.00%
1.00
100.00%
1.00
35.00%

To understand a predictive factors predictive power, we create a simple long/short strategy and simulate its past performance (with daily rebalancing):

  • Long when the predictive factor is above 0, with a position size equivalent to the predictive factor value.
  • Short when the predictive factor is below 0, with a position size equivalent to the predictive factor value.

The strategy is rebalanced daily, on a continuous basis. There are 0.5% transaction costs applied on each position adjustment.

Track this predictive factor on your dashboard

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Scatter plot - Reddit Sentiment and XMR 30 and 90 Day Average Returns

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Our Methodology