Bitcoin Gold Market Value
| BTG Crypto | USD 30.61 2.16 6.59% |
| Symbol | Bitcoin |
Bitcoin Gold '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 Gold'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 Bitcoin Gold.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Bitcoin Gold on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Bitcoin Gold or generate 0.0% return on investment in Bitcoin Gold over 690 days. Bitcoin Gold is related to or competes with Bitcoin, Dogecoin, Bitcoin Cash, Litecoin, Ethereum Classic, Bitcoin SV, and Arweave. Bitcoin Gold is peer-to-peer digital currency powered by the Blockchain technology.
Bitcoin Gold 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 Gold'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 Bitcoin Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.92 | |||
| Information Ratio | 0.1207 | |||
| Maximum Drawdown | 24.16 | |||
| Value At Risk | (6.61) | |||
| Potential Upside | 9.54 |
Bitcoin Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitcoin Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitcoin Gold's standard deviation. In reality, there are many statistical measures that can use Bitcoin Gold historical prices to predict the future Bitcoin Gold's volatility.| Risk Adjusted Performance | 0.1216 | |||
| Jensen Alpha | 0.6256 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1443 | |||
| Treynor Ratio | 1.39 |
Bitcoin Gold Backtested Returns
Bitcoin Gold appears to be very risky, given 3 months investment horizon. Bitcoin Gold 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. By analyzing Bitcoin Gold's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please makes use of Bitcoin Gold's Mean Deviation of 3.47, downside deviation of 3.92, and Risk Adjusted Performance of 0.1216 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, Bitcoin Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bitcoin Gold is expected to be smaller as well.
Auto-correlation | 0.11 |
Insignificant predictability
Bitcoin Gold has insignificant predictability. Overlapping area represents the amount of predictability between Bitcoin Gold time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Gold price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Bitcoin Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 15.08 |
Bitcoin Gold lagged returns against current returns
Autocorrelation, which is Bitcoin Gold 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 Bitcoin Gold's crypto coin expected returns. We can calculate the autocorrelation of Bitcoin Gold returns to help us make a trade decision. For example, suppose you find that Bitcoin Gold 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 |
Bitcoin Gold 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 Gold crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitcoin Gold crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitcoin Gold crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Bitcoin Gold Lagged Returns
When evaluating Bitcoin Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitcoin Gold crypto coin have on its future price. Bitcoin Gold 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 Gold autocorrelation shows the relationship between Bitcoin Gold crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Bitcoin Gold.
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 Bitcoin Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bitcoin Gold'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 Bitcoin Gold Crypto.Check out Bitcoin Gold Correlation, Bitcoin Gold Volatility and Investing Opportunities module to complement your research on Bitcoin Gold. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Bitcoin Gold 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.