Balancer Market Value
| BAL Crypto | USD 2.62 0.10 3.97% |
| Symbol | Balancer |
Balancer '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 Balancer'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 Balancer.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Balancer on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Balancer or generate 0.0% return on investment in Balancer over 30 days. Balancer is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. Balancer is peer-to-peer digital currency powered by the Blockchain technology.
Balancer 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 Balancer'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 Balancer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.33 | |||
| Information Ratio | 0.0447 | |||
| Maximum Drawdown | 20.53 | |||
| Value At Risk | (6.63) | |||
| Potential Upside | 8.06 |
Balancer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Balancer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Balancer's standard deviation. In reality, there are many statistical measures that can use Balancer historical prices to predict the future Balancer's volatility.| Risk Adjusted Performance | 0.064 | |||
| Jensen Alpha | 0.2109 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0487 | |||
| Treynor Ratio | 0.332 |
Balancer Backtested Returns
Balancer appears to be very risky, given 3 months investment horizon. Balancer secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that digital coin had a 0.13% return per unit of risk over the last 3 months. By analyzing Balancer's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of Balancer's Mean Deviation of 3.41, downside deviation of 4.33, and Risk Adjusted Performance of 0.064 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 1.0, which signifies possible diversification benefits within a given portfolio. Balancer returns are very sensitive to returns on the market. As the market goes up or down, Balancer is expected to follow.
Auto-correlation | 0.70 |
Good predictability
Balancer has good predictability. Overlapping area represents the amount of predictability between Balancer time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Balancer price movement. The serial correlation of 0.7 indicates that around 70.0% of current Balancer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Balancer lagged returns against current returns
Autocorrelation, which is Balancer 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 Balancer's crypto coin expected returns. We can calculate the autocorrelation of Balancer returns to help us make a trade decision. For example, suppose you find that Balancer 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 |
Balancer 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 Balancer crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Balancer crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Balancer crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Balancer Lagged Returns
When evaluating Balancer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Balancer crypto coin have on its future price. Balancer 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, Balancer autocorrelation shows the relationship between Balancer crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Balancer.
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 Balancer offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Balancer'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 Balancer Crypto.Check out Balancer Correlation, Balancer Volatility and Investing Opportunities module to complement your research on Balancer. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Balancer 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.