Xtra Bitcoin Stock Market Value
| CBTC Stock | USD 0 0.0002 12.50% |
| Symbol | XTRA |
XTRA Bitcoin '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 XTRA Bitcoin's pink sheet 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 XTRA Bitcoin.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in XTRA Bitcoin on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding XTRA Bitcoin or generate 0.0% return on investment in XTRA Bitcoin over 30 days. XTRA Bitcoin is related to or competes with Apple, Microsoft, Alphabet, and Meta Platforms. The company was formerly known as Therapy Cells, Inc More
XTRA Bitcoin 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 XTRA Bitcoin's pink sheet 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 XTRA Bitcoin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.38 | |||
| Information Ratio | 0.0709 | |||
| Maximum Drawdown | 57.21 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 18.18 |
XTRA Bitcoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XTRA Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XTRA Bitcoin's standard deviation. In reality, there are many statistical measures that can use XTRA Bitcoin historical prices to predict the future XTRA Bitcoin's volatility.| Risk Adjusted Performance | 0.0722 | |||
| Jensen Alpha | 0.757 | |||
| Total Risk Alpha | (0.88) | |||
| Sortino Ratio | 0.0719 | |||
| Treynor Ratio | 0.6224 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of XTRA Bitcoin'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.
XTRA Bitcoin Backtested Returns
XTRA Bitcoin appears to be out of control, given 3 months investment horizon. XTRA Bitcoin shows Sharpe Ratio of 0.0833, which attests that the company had a 0.0833% return per unit of risk over the last 3 months. By analyzing XTRA Bitcoin's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please utilize XTRA Bitcoin's Mean Deviation of 8.96, downside deviation of 11.38, and Market Risk Adjusted Performance of 0.6324 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, XTRA Bitcoin holds a performance score of 6. The firm maintains a market beta of 1.51, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, XTRA Bitcoin will likely underperform. Please check XTRA Bitcoin's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether XTRA Bitcoin's historical returns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
XTRA Bitcoin has very good reverse predictability. Overlapping area represents the amount of predictability between XTRA Bitcoin time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 XTRA Bitcoin price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current XTRA Bitcoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
XTRA Bitcoin lagged returns against current returns
Autocorrelation, which is XTRA Bitcoin pink sheet'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 XTRA Bitcoin's pink sheet expected returns. We can calculate the autocorrelation of XTRA Bitcoin returns to help us make a trade decision. For example, suppose you find that XTRA Bitcoin has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
XTRA Bitcoin 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 XTRA Bitcoin pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XTRA Bitcoin pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XTRA Bitcoin pink sheet over time.
Current vs Lagged Prices |
| Timeline |
XTRA Bitcoin Lagged Returns
When evaluating XTRA Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XTRA Bitcoin pink sheet have on its future price. XTRA Bitcoin 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, XTRA Bitcoin autocorrelation shows the relationship between XTRA Bitcoin pink sheet current value and its past values and can show if there is a momentum factor associated with investing in XTRA Bitcoin.
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.Other Information on Investing in XTRA Pink Sheet
XTRA Bitcoin financial ratios help investors to determine whether XTRA Pink Sheet 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 XTRA with respect to the benefits of owning XTRA Bitcoin security.