BIX Market Value
| BIX Crypto | USD 0.01 0.0005 4.95% |
| Symbol | BIX |
BIX '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 BIX'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 BIX.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in BIX on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding BIX or generate 0.0% return on investment in BIX over 30 days. BIX is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. BIX is peer-to-peer digital currency powered by the Blockchain technology.
BIX 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 BIX'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 BIX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.1843 | |||
| Maximum Drawdown | 20.36 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 6.43 |
BIX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BIX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BIX's standard deviation. In reality, there are many statistical measures that can use BIX historical prices to predict the future BIX's volatility.| Risk Adjusted Performance | 0.1788 | |||
| Jensen Alpha | 0.6693 | |||
| Total Risk Alpha | 0.2088 | |||
| Sortino Ratio | 0.2343 | |||
| Treynor Ratio | 1.49 |
BIX Backtested Returns
BIX appears to be very volatile, given 3 months investment horizon. BIX secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that digital coin had a 0.24% return per unit of volatility over the last 3 months. By analyzing BIX's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please makes use of BIX's risk adjusted performance of 0.1788, and Mean Deviation of 2.14 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BIX's returns are expected to increase less than the market. However, during the bear market, the loss of holding BIX is expected to be smaller as well.
Auto-correlation | 0.48 |
Average predictability
BIX has average predictability. Overlapping area represents the amount of predictability between BIX time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 BIX price movement. The serial correlation of 0.48 indicates that about 48.0% of current BIX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BIX lagged returns against current returns
Autocorrelation, which is BIX 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 BIX's crypto coin expected returns. We can calculate the autocorrelation of BIX returns to help us make a trade decision. For example, suppose you find that BIX 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 |
BIX 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 BIX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BIX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BIX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
BIX Lagged Returns
When evaluating BIX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BIX crypto coin have on its future price. BIX 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, BIX autocorrelation shows the relationship between BIX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in BIX.
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 BIX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BIX'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 Bix Crypto.Check out BIX Correlation, BIX Volatility and Investing Opportunities module to complement your research on BIX. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
BIX 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.