BLZ Market Value
| BLZ Crypto | USD 0.16 0.01 6.67% |
| Symbol | BLZ |
BLZ '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 BLZ'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 BLZ.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in BLZ on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding BLZ or generate 0.0% return on investment in BLZ over 180 days. BLZ is related to or competes with Staked Ether, EigenLayer, Highstreet, Tokocrypto, and DIA. BLZ is peer-to-peer digital currency powered by the Blockchain technology.
BLZ 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 BLZ'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 BLZ upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.09 | |||
| Information Ratio | 0.029 | |||
| Maximum Drawdown | 29.09 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
BLZ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BLZ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BLZ's standard deviation. In reality, there are many statistical measures that can use BLZ historical prices to predict the future BLZ's volatility.| Risk Adjusted Performance | 0.0471 | |||
| Jensen Alpha | 0.2937 | |||
| Total Risk Alpha | (0.77) | |||
| Sortino Ratio | 0.0207 | |||
| Treynor Ratio | 1.8 |
BLZ Backtested Returns
BLZ appears to be unusually volatile, given 3 months investment horizon. BLZ secures Sharpe Ratio (or Efficiency) of 0.0908, which signifies that digital coin had a 0.0908% return per unit of volatility over the last 3 months. By analyzing BLZ's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of BLZ's risk adjusted performance of 0.0471, and Mean Deviation of 4.65 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BLZ's returns are expected to increase less than the market. However, during the bear market, the loss of holding BLZ is expected to be smaller as well.
Auto-correlation | 0.34 |
Below average predictability
BLZ has below average predictability. Overlapping area represents the amount of predictability between BLZ 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 BLZ price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current BLZ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BLZ lagged returns against current returns
Autocorrelation, which is BLZ 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 BLZ's crypto coin expected returns. We can calculate the autocorrelation of BLZ returns to help us make a trade decision. For example, suppose you find that BLZ 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 |
BLZ 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 BLZ crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BLZ crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BLZ crypto coin over time.
Current vs Lagged Prices |
| Timeline |
BLZ Lagged Returns
When evaluating BLZ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BLZ crypto coin have on its future price. BLZ 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, BLZ autocorrelation shows the relationship between BLZ crypto coin current value and its past values and can show if there is a momentum factor associated with investing in BLZ.
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 BLZ offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BLZ'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 Blz Crypto.Check out BLZ Correlation, BLZ Volatility and Investing Opportunities module to complement your research on BLZ. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
BLZ 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.