Binance Coin Market Value
| BNB Crypto | USD 644.00 0.85 0.13% |
| Symbol | Binance |
Binance Coin '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 Binance Coin'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 Binance Coin.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Binance Coin on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Binance Coin or generate 0.0% return on investment in Binance Coin over 720 days. Binance Coin is related to or competes with Staked Ether, Cronos, Wrapped Bitcoin, XMR, Tether, Chainlink, and USD Coin. Binance Coin is peer-to-peer digital currency powered by the Blockchain technology.
Binance Coin 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 Binance Coin'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 Binance Coin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.0731 | |||
| Maximum Drawdown | 13.75 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 4.49 |
Binance Coin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Binance Coin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Binance Coin's standard deviation. In reality, there are many statistical measures that can use Binance Coin historical prices to predict the future Binance Coin's volatility.| Risk Adjusted Performance | 0.1013 | |||
| Jensen Alpha | 0.2425 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0726 | |||
| Treynor Ratio | 0.614 |
Binance Coin Backtested Returns
Binance Coin appears to be risky, given 3 months investment horizon. Binance Coin 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. We have found twenty-nine technical indicators for Binance Coin, which you can use to evaluate the volatility of coin. Please makes use of Binance Coin's Downside Deviation of 2.52, risk adjusted performance of 0.1013, and Mean Deviation of 1.91 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Binance Coin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Binance Coin is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Binance Coin has good reverse predictability. Overlapping area represents the amount of predictability between Binance Coin 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 Binance Coin price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Binance Coin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1890.12 |
Binance Coin lagged returns against current returns
Autocorrelation, which is Binance Coin 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 Binance Coin's crypto coin expected returns. We can calculate the autocorrelation of Binance Coin returns to help us make a trade decision. For example, suppose you find that Binance Coin 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 |
Binance Coin 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 Binance Coin crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Binance Coin crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Binance Coin crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Binance Coin Lagged Returns
When evaluating Binance Coin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Binance Coin crypto coin have on its future price. Binance Coin 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, Binance Coin autocorrelation shows the relationship between Binance Coin crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Binance Coin.
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 Binance Coin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Binance Coin'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 Binance Coin Crypto.Check out Binance Coin Correlation, Binance Coin Volatility and Investing Opportunities module to complement your research on Binance Coin. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Binance Coin 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.