BOX Market Value
| BOX Crypto | USD 0.0002 0.000045 22.84% |
| Symbol | BOX |
BOX '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 BOX'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 BOX.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in BOX on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding BOX or generate 0.0% return on investment in BOX over 180 days. BOX is related to or competes with Ethereum, Solana, XRP, Sui, Cardano, Staked Ether, and Toncoin. BOX is peer-to-peer digital currency powered by the Blockchain technology.
BOX 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 BOX'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 BOX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.64 | |||
| Information Ratio | 0.0117 | |||
| Maximum Drawdown | 98.17 | |||
| Value At Risk | (8.08) | |||
| Potential Upside | 6.13 |
BOX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BOX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BOX's standard deviation. In reality, there are many statistical measures that can use BOX historical prices to predict the future BOX's volatility.| Risk Adjusted Performance | 0.0249 | |||
| Jensen Alpha | 0.1147 | |||
| Total Risk Alpha | (1.00) | |||
| Sortino Ratio | 0.0108 | |||
| Treynor Ratio | 0.1873 |
BOX Backtested Returns
BOX appears to be abnormally risky, given 3 months investment horizon. BOX secures Sharpe Ratio (or Efficiency) of 0.028, which signifies that digital coin had a 0.028% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for BOX, which you can use to evaluate the volatility of coin. Please makes use of BOX's mean deviation of 4.28, and Risk Adjusted Performance of 0.0249 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 1.13, which signifies a somewhat significant risk relative to the market. BOX returns are very sensitive to returns on the market. As the market goes up or down, BOX is expected to follow.
Auto-correlation | 0.20 |
Weak predictability
BOX has weak predictability. Overlapping area represents the amount of predictability between BOX time series from 26th of May 2024 to 24th of August 2024 and 24th of August 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 BOX price movement. The serial correlation of 0.2 indicates that over 20.0% of current BOX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BOX lagged returns against current returns
Autocorrelation, which is BOX 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 BOX's crypto coin expected returns. We can calculate the autocorrelation of BOX returns to help us make a trade decision. For example, suppose you find that BOX 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 |
BOX 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 BOX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BOX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BOX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
BOX Lagged Returns
When evaluating BOX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BOX crypto coin have on its future price. BOX 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, BOX autocorrelation shows the relationship between BOX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in BOX.
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 BOX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BOX'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 Box Crypto.Check out BOX Correlation, BOX Volatility and Investing Opportunities module to complement your research on BOX. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
BOX 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.