BCN Market Value
| BCN Crypto | USD 0.000026 0.000001 4.00% |
| Symbol | BCN |
BCN '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 BCN'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 BCN.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in BCN on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding BCN or generate 0.0% return on investment in BCN over 30 days. BCN is related to or competes with Staked Ether, EigenLayer, BLZ, Tokocrypto, and DIA. BCN is peer-to-peer digital currency powered by the Blockchain technology.
BCN 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 BCN'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 BCN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 54.66 | |||
| Information Ratio | 0.3073 | |||
| Maximum Drawdown | 1453.89 | |||
| Value At Risk | (92.08) | |||
| Potential Upside | 1178.95 |
BCN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BCN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BCN's standard deviation. In reality, there are many statistical measures that can use BCN historical prices to predict the future BCN's volatility.| Risk Adjusted Performance | 0.2451 | |||
| Jensen Alpha | 112.14 | |||
| Total Risk Alpha | 59.16 | |||
| Sortino Ratio | 2.1 | |||
| Treynor Ratio | 4.38 |
BCN Backtested Returns
BCN is abnormally risky given 3 months investment horizon. BCN secures Sharpe Ratio (or Efficiency) of 0.31, which signifies that digital coin had a 0.31% return per unit of risk over the last 3 months. We were able to interpolate twenty-three different technical indicators, which can help you to evaluate if expected returns of 96.97% are justified by taking the suggested risk. Use BCN Coefficient Of Variation of 325.01, semi deviation of 33.09, and Mean Deviation of 227.08 to evaluate coin specific risk that cannot be diversified away. The entity shows a Beta (market volatility) of 26.28, which signifies 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, BCN will likely underperform.
Auto-correlation | 0.14 |
Insignificant predictability
BCN has insignificant predictability. Overlapping area represents the amount of predictability between BCN time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 BCN price movement. The serial correlation of 0.14 indicates that less than 14.0% of current BCN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BCN lagged returns against current returns
Autocorrelation, which is BCN 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 BCN's crypto coin expected returns. We can calculate the autocorrelation of BCN returns to help us make a trade decision. For example, suppose you find that BCN 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 |
BCN 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 BCN crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BCN crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BCN crypto coin over time.
Current vs Lagged Prices |
| Timeline |
BCN Lagged Returns
When evaluating BCN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BCN crypto coin have on its future price. BCN 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, BCN autocorrelation shows the relationship between BCN crypto coin current value and its past values and can show if there is a momentum factor associated with investing in BCN.
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 BCN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BCN'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 Bcn Crypto.Check out BCN Correlation, BCN Volatility and Investing Opportunities module to complement your research on BCN. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
BCN 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.