Xtra Bitcoin Stock Market Value
| CBTC Stock | USD 0 0.0002 12.50% |
| Symbol | XTRA |
XTRA Bitcoin '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 XTRA Bitcoin's pink sheet 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 XTRA Bitcoin.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in XTRA Bitcoin on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding XTRA Bitcoin or generate 0.0% return on investment in XTRA Bitcoin over 720 days. XTRA Bitcoin is related to or competes with Lion Group, and Galaxy Digital. The company was formerly known as Therapy Cells, Inc More
XTRA Bitcoin 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 XTRA Bitcoin's pink sheet 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 XTRA Bitcoin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.43 | |||
| Information Ratio | 0.0434 | |||
| Maximum Drawdown | 57.21 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 18.18 |
XTRA Bitcoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XTRA Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XTRA Bitcoin's standard deviation. In reality, there are many statistical measures that can use XTRA Bitcoin historical prices to predict the future XTRA Bitcoin's volatility.| Risk Adjusted Performance | 0.0516 | |||
| Jensen Alpha | 0.4201 | |||
| Total Risk Alpha | (1.31) | |||
| Sortino Ratio | 0.0442 | |||
| Treynor Ratio | 0.3797 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of XTRA Bitcoin'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.
XTRA Bitcoin Backtested Returns
XTRA Bitcoin is out of control given 3 months investment horizon. XTRA Bitcoin shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.29% are justified by taking the suggested risk. Use XTRA Bitcoin Downside Deviation of 11.43, mean deviation of 8.96, and Market Risk Adjusted Performance of 0.3897 to evaluate company specific risk that cannot be diversified away. XTRA Bitcoin holds a performance score of 8 on a scale of zero to a hundred. The firm maintains a market beta of 1.67, which attests to 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, XTRA Bitcoin will likely underperform. Use XTRA Bitcoin semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to analyze future returns on XTRA Bitcoin.
Auto-correlation | 0.26 |
Poor predictability
XTRA Bitcoin has poor predictability. Overlapping area represents the amount of predictability between XTRA Bitcoin time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 XTRA Bitcoin price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current XTRA Bitcoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
XTRA Bitcoin lagged returns against current returns
Autocorrelation, which is XTRA Bitcoin pink sheet'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 XTRA Bitcoin's pink sheet expected returns. We can calculate the autocorrelation of XTRA Bitcoin returns to help us make a trade decision. For example, suppose you find that XTRA Bitcoin has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
XTRA Bitcoin 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 XTRA Bitcoin pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XTRA Bitcoin pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XTRA Bitcoin pink sheet over time.
Current vs Lagged Prices |
| Timeline |
XTRA Bitcoin Lagged Returns
When evaluating XTRA Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XTRA Bitcoin pink sheet have on its future price. XTRA Bitcoin 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, XTRA Bitcoin autocorrelation shows the relationship between XTRA Bitcoin pink sheet current value and its past values and can show if there is a momentum factor associated with investing in XTRA Bitcoin.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in XTRA Pink Sheet
XTRA Bitcoin financial ratios help investors to determine whether XTRA Pink Sheet 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 XTRA with respect to the benefits of owning XTRA Bitcoin security.