Bitcoin Well Stock Market Value
| BCNWF Stock | USD 0.16 0.03 23.08% |
| Symbol | Bitcoin |
Bitcoin Well '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 Bitcoin Well's otc stock 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 Bitcoin Well.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Bitcoin Well on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Bitcoin Well or generate 0.0% return on investment in Bitcoin Well over 90 days. Bitcoin Well is related to or competes with OFX Group, Armada Mercantile, and ABS CBN. Bitcoin Well Inc. acquires, owns, and operates cryptocurrency ATM machines More
Bitcoin Well 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 Bitcoin Well's otc stock 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 Bitcoin Well upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.67 | |||
| Information Ratio | 0.1559 | |||
| Maximum Drawdown | 74.19 | |||
| Value At Risk | (18.11) | |||
| Potential Upside | 33.65 |
Bitcoin Well Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitcoin Well's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitcoin Well's standard deviation. In reality, there are many statistical measures that can use Bitcoin Well historical prices to predict the future Bitcoin Well's volatility.| Risk Adjusted Performance | 0.1361 | |||
| Jensen Alpha | 2.38 | |||
| Total Risk Alpha | 0.0988 | |||
| Sortino Ratio | 0.1624 | |||
| Treynor Ratio | (6.66) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bitcoin Well'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.
Bitcoin Well Backtested Returns
Bitcoin Well is out of control given 3 months investment horizon. Bitcoin Well secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We are able to interpolate and break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.99% are justified by taking the suggested risk. Use Bitcoin Well Mean Deviation of 10.01, risk adjusted performance of 0.1361, and Downside Deviation of 13.67 to evaluate company specific risk that cannot be diversified away. Bitcoin Well holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bitcoin Well are expected to decrease at a much lower rate. During the bear market, Bitcoin Well is likely to outperform the market. Use Bitcoin Well maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to analyze future returns on Bitcoin Well.
Auto-correlation | -0.1 |
Very weak reverse predictability
Bitcoin Well has very weak reverse predictability. Overlapping area represents the amount of predictability between Bitcoin Well time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 Bitcoin Well price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Bitcoin Well price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bitcoin Well lagged returns against current returns
Autocorrelation, which is Bitcoin Well otc stock'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 Bitcoin Well's otc stock expected returns. We can calculate the autocorrelation of Bitcoin Well returns to help us make a trade decision. For example, suppose you find that Bitcoin Well has exhibited high autocorrelation historically, and you observe that the otc stock 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 |
Bitcoin Well 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 Bitcoin Well otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitcoin Well otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitcoin Well otc stock over time.
Current vs Lagged Prices |
| Timeline |
Bitcoin Well Lagged Returns
When evaluating Bitcoin Well's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitcoin Well otc stock have on its future price. Bitcoin Well 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, Bitcoin Well autocorrelation shows the relationship between Bitcoin Well otc stock current value and its past values and can show if there is a momentum factor associated with investing in Bitcoin Well.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bitcoin OTC Stock
Bitcoin Well financial ratios help investors to determine whether Bitcoin OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bitcoin with respect to the benefits of owning Bitcoin Well security.