Btcs Inc Stock Market Value
| BTCS Stock | USD 1.49 0.04 2.61% |
| Symbol | BTCS |
BTCS Inc Price To Book Ratio
Is BTCS's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BTCS. If investors know BTCS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BTCS listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.55 | Revenue Per Share 0.095 | Quarterly Revenue Growth 0.204 | Return On Assets (0.13) | Return On Equity 0.4405 |
The market value of BTCS Inc is measured differently than its book value, which is the value of BTCS that is recorded on the company's balance sheet. Investors also form their own opinion of BTCS's value that differs from its market value or its book value, called intrinsic value, which is BTCS's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BTCS's market value can be influenced by many factors that don't directly affect BTCS's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BTCS's value and its price as these two are different measures arrived at by different means. Investors typically determine if BTCS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BTCS's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
BTCS '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 BTCS's 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 BTCS.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in BTCS on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding BTCS Inc or generate 0.0% return on investment in BTCS over 30 days. BTCS is related to or competes with Scully Royalty, Mercurity Fintech, Oppenheimer Holdings, Perella Weinberg, Stifel Financial, Piper Sandler, and Stifel Financial. BTCS Inc. focuses on digital assets and blockchain technologies More
BTCS 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 BTCS's 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 BTCS Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.7 | |||
| Information Ratio | 0.0045 | |||
| Maximum Drawdown | 28.01 | |||
| Value At Risk | (7.86) | |||
| Potential Upside | 9.84 |
BTCS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BTCS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BTCS's standard deviation. In reality, there are many statistical measures that can use BTCS historical prices to predict the future BTCS's volatility.| Risk Adjusted Performance | 0.0217 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | 0.0057 | |||
| Treynor Ratio | 0.0396 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BTCS'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.
BTCS Inc Backtested Returns
BTCS Inc retains Efficiency (Sharpe Ratio) of -0.0094, which signifies that the company had a -0.0094% return per unit of risk over the last 3 months. BTCS exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BTCS's coefficient of variation of 4903.11, and Market Risk Adjusted Performance of 0.0496 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 2.84, which signifies 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, BTCS will likely underperform. BTCS Inc has an expected return of -0.0528%. Please make sure to confirm BTCS Inc coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if BTCS Inc performance from the past will be repeated in the future.
Auto-correlation | -0.53 |
Good reverse predictability
BTCS Inc has good reverse predictability. Overlapping area represents the amount of predictability between BTCS time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 BTCS Inc price movement. The serial correlation of -0.53 indicates that about 53.0% of current BTCS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BTCS Inc lagged returns against current returns
Autocorrelation, which is BTCS 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 BTCS's stock expected returns. We can calculate the autocorrelation of BTCS returns to help us make a trade decision. For example, suppose you find that BTCS has exhibited high autocorrelation historically, and you observe that the 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 |
BTCS 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 BTCS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BTCS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BTCS stock over time.
Current vs Lagged Prices |
| Timeline |
BTCS Lagged Returns
When evaluating BTCS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BTCS stock have on its future price. BTCS 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, BTCS autocorrelation shows the relationship between BTCS stock current value and its past values and can show if there is a momentum factor associated with investing in BTCS Inc.
Regressed Prices |
| Timeline |
Pair Trading with BTCS
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BTCS position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BTCS will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to BTCS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BTCS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BTCS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BTCS Inc to buy it.
The correlation of BTCS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BTCS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BTCS Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BTCS can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out BTCS Correlation, BTCS Volatility and BTCS Alpha and Beta module to complement your research on BTCS. Note that the BTCS Inc information on this page should be used as a complementary analysis to other BTCS's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for BTCS Stock analysis
When running BTCS's price analysis, check to measure BTCS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BTCS is operating at the current time. Most of BTCS's value examination focuses on studying past and present price action to predict the probability of BTCS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BTCS's price. Additionally, you may evaluate how the addition of BTCS to your portfolios can decrease your overall portfolio volatility.
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BTCS technical stock 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, stock market cycles, or different charting patterns.