BCD Market Value

BCD Crypto  USD 0.08  0.01  13.98%   
BCD's market value is the price at which a share of BCD trades on a public exchange. It measures the collective expectations of BCD investors about its performance. BCD is trading at 0.0807 as of the 22nd of November 2024, a 13.98 percent increase since the beginning of the trading day. With this module, you can estimate the performance of a buy and hold strategy of BCD and determine expected loss or profit from investing in BCD over a given investment horizon. Check out BCD Correlation, BCD Volatility and Investing Opportunities module to complement your research on BCD.
Symbol

Please note, there is a significant difference between BCD's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine BCD 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, BCD's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

BCD '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 BCD'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 BCD.
0.00
10/23/2024
No Change 0.00  0.0 
In 30 days
11/22/2024
0.00
If you would invest  0.00  in BCD on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding BCD or generate 0.0% return on investment in BCD over 30 days. BCD is related to or competes with Decred. BCD is peer-to-peer digital currency powered by the Blockchain technology.

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

BCD Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for BCD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BCD's standard deviation. In reality, there are many statistical measures that can use BCD historical prices to predict the future BCD's volatility.
Hype
Prediction
LowEstimatedHigh
0.000.087.94
Details
Intrinsic
Valuation
LowRealHigh
0.000.067.92
Details
Naive
Forecast
LowNextHigh
00.087.94
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.050.070.09
Details

BCD Backtested Returns

BCD appears to be unreasonably risky, given 3 months investment horizon. BCD secures Sharpe Ratio (or Efficiency) of 0.0772, which signifies that digital coin had a 0.0772% return per unit of risk over the last 3 months. By evaluating BCD's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of BCD's mean deviation of 4.1, and Coefficient Of Variation of 2026.89 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BCD's returns are expected to increase less than the market. However, during the bear market, the loss of holding BCD is expected to be smaller as well.

Auto-correlation

    
  0.03  

Virtually no predictability

BCD has virtually no predictability. Overlapping area represents the amount of predictability between BCD time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 BCD price movement. The serial correlation of 0.03 indicates that only 3.0% of current BCD price fluctuation can be explain by its past prices.
Correlation Coefficient0.03
Spearman Rank Test-0.41
Residual Average0.0
Price Variance0.0

BCD lagged returns against current returns

Autocorrelation, which is BCD 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 BCD's crypto coin expected returns. We can calculate the autocorrelation of BCD returns to help us make a trade decision. For example, suppose you find that BCD 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  

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

BCD Lagged Returns

When evaluating BCD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BCD crypto coin have on its future price. BCD 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, BCD autocorrelation shows the relationship between BCD crypto coin current value and its past values and can show if there is a momentum factor associated with investing in BCD.
   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 BCD offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BCD'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 Bcd Crypto.
Check out BCD Correlation, BCD Volatility and Investing Opportunities module to complement your research on BCD.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
BCD 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.
A focus of BCD technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of BCD trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...