BitMart Token Statistic Functions Beta
| BMX Crypto | USD 0.39 0.02 5.41% |
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The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on BitMart Token correlated with the market. If Beta is less than 0 BitMart Token generally moves in the opposite direction as compared to the market. If BitMart Token Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one BitMart Token is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of BitMart Token is generally in the same direction as the market. If Beta > 1 BitMart Token moves generally in the same direction as, but more than the movement of the benchmark.
BitMart Token Technical Analysis Modules
Most technical analysis of BitMart Token help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for BitMart from various momentum indicators to cycle indicators. When you analyze BitMart charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About BitMart Token Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BitMart Token. We use our internally-developed statistical techniques to arrive at the intrinsic value of BitMart Token based on widely used predictive technical indicators. In general, we focus on analyzing BitMart Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build BitMart Token's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of BitMart Token's intrinsic value. In addition to deriving basic predictive indicators for BitMart Token, we also check how macroeconomic factors affect BitMart Token price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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BitMart Token pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BitMart Token position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BitMart Token will appreciate offsetting losses from the drop in the long position's value.BitMart Token Pair Trading
BitMart Token Pair Trading Analysis
The ability to find closely correlated positions to BitMart Token could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BitMart Token when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BitMart Token - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BitMart Token to buy it.
The correlation of BitMart Token is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BitMart Token moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BitMart Token moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BitMart Token can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BitMart Token. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in inflation. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.