Bluesky Digital Assets Stock Market Value
| BTCWF Stock | USD 0.30 0.10 25.00% |
| Symbol | Bluesky |
Bluesky Digital '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 Bluesky Digital's otc stock 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 Bluesky Digital.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Bluesky Digital on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Bluesky Digital Assets or generate 0.0% return on investment in Bluesky Digital over 360 days. Bluesky Digital is related to or competes with Dmg Blockchain, BIG Blockchain, Cypherpunk Holdings, Neptune Digital, DeFi Technologies, and Galaxy Digital. Bluesky Digital Assets Corp. operates as a digital assets mining company in Canada More
Bluesky Digital 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 Bluesky Digital's otc stock 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 Bluesky Digital Assets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.07 | |||
| Information Ratio | 0.1988 | |||
| Maximum Drawdown | 221.94 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 80.77 |
Bluesky Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bluesky Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bluesky Digital's standard deviation. In reality, there are many statistical measures that can use Bluesky Digital historical prices to predict the future Bluesky Digital's volatility.| Risk Adjusted Performance | 0.1648 | |||
| Jensen Alpha | 7.34 | |||
| Total Risk Alpha | 1.21 | |||
| Sortino Ratio | 0.4467 | |||
| Treynor Ratio | (1.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bluesky Digital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bluesky Digital Assets Backtested Returns
Bluesky Digital is out of control given 3 months investment horizon. Bluesky Digital Assets secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. We are able to interpolate and break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 7.15% are justified by taking the suggested risk. Use Bluesky Digital Mean Deviation of 18.63, downside deviation of 15.07, and Risk Adjusted Performance of 0.1648 to evaluate company specific risk that cannot be diversified away. Bluesky Digital holds a performance score of 16 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.79, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Bluesky Digital are expected to decrease by larger amounts. On the other hand, during market turmoil, Bluesky Digital is expected to outperform it. Use Bluesky Digital maximum drawdown and the relationship between the semi variance and day typical price , to analyze future returns on Bluesky Digital.
Auto-correlation | -0.35 |
Poor reverse predictability
Bluesky Digital Assets has poor reverse predictability. Overlapping area represents the amount of predictability between Bluesky Digital time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Bluesky Digital Assets price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Bluesky Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bluesky Digital Assets lagged returns against current returns
Autocorrelation, which is Bluesky Digital otc stock'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 Bluesky Digital's otc stock expected returns. We can calculate the autocorrelation of Bluesky Digital returns to help us make a trade decision. For example, suppose you find that Bluesky Digital has exhibited high autocorrelation historically, and you observe that the otc stock 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 |
Bluesky Digital 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 Bluesky Digital otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bluesky Digital otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bluesky Digital otc stock over time.
Current vs Lagged Prices |
| Timeline |
Bluesky Digital Lagged Returns
When evaluating Bluesky Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bluesky Digital otc stock have on its future price. Bluesky Digital 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, Bluesky Digital autocorrelation shows the relationship between Bluesky Digital otc stock current value and its past values and can show if there is a momentum factor associated with investing in Bluesky Digital Assets.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bluesky OTC Stock
Bluesky Digital financial ratios help investors to determine whether Bluesky OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bluesky with respect to the benefits of owning Bluesky Digital security.