BounceBit Market Value
| BB Crypto | 0.31 0.01 3.13% |
| Symbol | BounceBit |
Please note, there is a significant difference between BounceBit's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine BounceBit 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, BounceBit's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.
BounceBit '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 BounceBit'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 BounceBit.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in BounceBit on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding BounceBit or generate 0.0% return on investment in BounceBit over 390 days. BounceBit is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. BounceBit is peer-to-peer digital currency powered by the Blockchain technology.
BounceBit 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 BounceBit'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 BounceBit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.25 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 34.94 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.71 |
BounceBit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BounceBit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BounceBit's standard deviation. In reality, there are many statistical measures that can use BounceBit historical prices to predict the future BounceBit's volatility.| Risk Adjusted Performance | 0.0109 | |||
| Jensen Alpha | 0.0422 | |||
| Total Risk Alpha | (1.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BounceBit'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.
BounceBit Backtested Returns
BounceBit appears to be unusually volatile, given 3 months investment horizon. BounceBit secures Sharpe Ratio (or Efficiency) of 0.056, which signifies that digital coin had a 0.056% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for BounceBit, which you can use to evaluate the volatility of coin. Please makes use of BounceBit's Downside Deviation of 8.25, risk adjusted performance of 0.0109, and Mean Deviation of 5.02 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BounceBit are expected to decrease at a much lower rate. During the bear market, BounceBit is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
BounceBit has no correlation between past and present. Overlapping area represents the amount of predictability between BounceBit time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 BounceBit price movement. The serial correlation of 0.0 indicates that just 0.0% of current BounceBit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
BounceBit lagged returns against current returns
Autocorrelation, which is BounceBit 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 BounceBit's crypto coin expected returns. We can calculate the autocorrelation of BounceBit returns to help us make a trade decision. For example, suppose you find that BounceBit 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 |
BounceBit 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 BounceBit crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BounceBit crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BounceBit crypto coin over time.
Current vs Lagged Prices |
| Timeline |
BounceBit Lagged Returns
When evaluating BounceBit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BounceBit crypto coin have on its future price. BounceBit 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, BounceBit autocorrelation shows the relationship between BounceBit crypto coin current value and its past values and can show if there is a momentum factor associated with investing in BounceBit.
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 BounceBit offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BounceBit'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 Bouncebit Crypto.Check out BounceBit Correlation, BounceBit Volatility and Investing Opportunities module to complement your research on BounceBit. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
BounceBit 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.