Biconomy Market Value
| BICO Crypto | USD 0.13 0.01 8.33% |
| Symbol | Biconomy |
Biconomy '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 Biconomy'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 Biconomy.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Biconomy on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Biconomy or generate 0.0% return on investment in Biconomy over 90 days. Biconomy is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, and DIA. Biconomy is peer-to-peer digital currency powered by the Blockchain technology.
Biconomy 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 Biconomy'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 Biconomy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 32.47 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 10.34 |
Biconomy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biconomy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biconomy's standard deviation. In reality, there are many statistical measures that can use Biconomy historical prices to predict the future Biconomy's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (1.49) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 1.99 |
Biconomy Backtested Returns
Biconomy secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that digital coin had a -0.17 % return per unit of standard deviation over the last 3 months. Biconomy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biconomy's risk adjusted performance of (0.17), and Mean Deviation of 5.66 to double-check the risk estimate we provide. The crypto shows a Beta (market volatility) of -0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Biconomy are expected to decrease at a much lower rate. During the bear market, Biconomy is likely to outperform the market.
Auto-correlation | 0.74 |
Good predictability
Biconomy has good predictability. Overlapping area represents the amount of predictability between Biconomy time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Biconomy price movement. The serial correlation of 0.74 indicates that around 74.0% of current Biconomy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Biconomy lagged returns against current returns
Autocorrelation, which is Biconomy 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 Biconomy's crypto coin expected returns. We can calculate the autocorrelation of Biconomy returns to help us make a trade decision. For example, suppose you find that Biconomy 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 |
Biconomy 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 Biconomy crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biconomy crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biconomy crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Biconomy Lagged Returns
When evaluating Biconomy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biconomy crypto coin have on its future price. Biconomy 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, Biconomy autocorrelation shows the relationship between Biconomy crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Biconomy.
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 Biconomy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Biconomy'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 Biconomy Crypto.Check out Biconomy Correlation, Biconomy Volatility and Investing Opportunities module to complement your research on Biconomy. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Biconomy 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.