BCDN Market Value
| BCDN Crypto | USD 0.0003 0.000007 2.78% |
| Symbol | BCDN |
BCDN '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 BCDN'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 BCDN.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in BCDN on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding BCDN or generate 0.0% return on investment in BCDN over 180 days. BCDN is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. BCDN is peer-to-peer digital currency powered by the Blockchain technology.
BCDN 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 BCDN'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 BCDN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.47 | |||
| Information Ratio | 0.0186 | |||
| Maximum Drawdown | 29.52 | |||
| Value At Risk | (10.33) | |||
| Potential Upside | 11.44 |
BCDN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BCDN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BCDN's standard deviation. In reality, there are many statistical measures that can use BCDN historical prices to predict the future BCDN's volatility.| Risk Adjusted Performance | 0.0405 | |||
| Jensen Alpha | 0.2043 | |||
| Total Risk Alpha | (0.76) | |||
| Sortino Ratio | 0.0172 | |||
| Treynor Ratio | 0.8847 |
BCDN Backtested Returns
BCDN appears to be unusually risky, given 3 months investment horizon. BCDN secures Sharpe Ratio (or Efficiency) of 0.0469, which signifies that digital coin had a 0.0469% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for BCDN, which you can use to evaluate the volatility of coin. Please makes use of BCDN's mean deviation of 4.29, and Coefficient Of Variation of 2406.74 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BCDN's returns are expected to increase less than the market. However, during the bear market, the loss of holding BCDN is expected to be smaller as well.
Auto-correlation | -0.32 |
Poor reverse predictability
BCDN has poor reverse predictability. Overlapping area represents the amount of predictability between BCDN time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 BCDN price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current BCDN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BCDN lagged returns against current returns
Autocorrelation, which is BCDN 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 BCDN's crypto coin expected returns. We can calculate the autocorrelation of BCDN returns to help us make a trade decision. For example, suppose you find that BCDN 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 |
BCDN 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 BCDN crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BCDN crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BCDN crypto coin over time.
Current vs Lagged Prices |
| Timeline |
BCDN Lagged Returns
When evaluating BCDN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BCDN crypto coin have on its future price. BCDN 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, BCDN autocorrelation shows the relationship between BCDN crypto coin current value and its past values and can show if there is a momentum factor associated with investing in BCDN.
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 BCDN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BCDN'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 Bcdn Crypto.Check out BCDN Correlation, BCDN Volatility and Investing Opportunities module to complement your research on BCDN. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
BCDN 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.