Beldex Market Value
| BDX Crypto | USD 0.08 0.0002 0.25% |
| Symbol | Beldex |
Beldex '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 Beldex'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 Beldex.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Beldex on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Beldex or generate 0.0% return on investment in Beldex over 720 days. Beldex is related to or competes with Ethereum, Cardano, Avalanche, Near, Hedera Hashgraph, Internet Computer, and Cronos. Beldex is peer-to-peer digital currency powered by the Blockchain technology.
Beldex 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 Beldex'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 Beldex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.1689 | |||
| Maximum Drawdown | 22.25 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 5.58 |
Beldex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beldex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beldex's standard deviation. In reality, there are many statistical measures that can use Beldex historical prices to predict the future Beldex's volatility.| Risk Adjusted Performance | 0.1663 | |||
| Jensen Alpha | 0.6974 | |||
| Total Risk Alpha | 0.1755 | |||
| Sortino Ratio | 0.2095 | |||
| Treynor Ratio | (2.83) |
Beldex Backtested Returns
Beldex appears to be very volatile, given 3 months investment horizon. Beldex secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that digital coin had a 0.23% return per unit of risk over the last 3 months. By analyzing Beldex's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please makes use of Beldex's Downside Deviation of 2.65, risk adjusted performance of 0.1663, and Mean Deviation of 2.13 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Beldex are expected to decrease at a much lower rate. During the bear market, Beldex is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Beldex has no correlation between past and present. Overlapping area represents the amount of predictability between Beldex time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Beldex price movement. The serial correlation of 0.0 indicates that just 0.0% of current Beldex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Beldex lagged returns against current returns
Autocorrelation, which is Beldex 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 Beldex's crypto coin expected returns. We can calculate the autocorrelation of Beldex returns to help us make a trade decision. For example, suppose you find that Beldex 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 |
Beldex 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 Beldex crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beldex crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beldex crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Beldex Lagged Returns
When evaluating Beldex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beldex crypto coin have on its future price. Beldex 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, Beldex autocorrelation shows the relationship between Beldex crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Beldex.
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 Beldex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Beldex'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 Beldex Crypto.Check out Beldex Correlation, Beldex Volatility and Investing Opportunities module to complement your research on Beldex. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Beldex 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.