Wrapped Bitcoin Market Value
| WBTC Crypto | USD 67,789 307.07 0.46% |
| Symbol | Wrapped |
Wrapped 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 Wrapped Bitcoin'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 Wrapped Bitcoin.
| 05/04/2024 |
| 06/03/2024 |
If you would invest 0.00 in Wrapped Bitcoin on May 4, 2024 and sell it all today you would earn a total of 0.00 from holding Wrapped Bitcoin or generate 0.0% return on investment in Wrapped Bitcoin over 30 days. Wrapped Bitcoin is related to or competes with Solana, XRP, Staked Ether, Open Network, Chainlink, Avalanche, and Ethena. Wrapped Bitcoin is peer-to-peer digital currency powered by the Blockchain technology.
Wrapped 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 Wrapped Bitcoin'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 Wrapped Bitcoin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.0433 | |||
| Maximum Drawdown | 15.74 | |||
| Value At Risk | (4.68) | |||
| Potential Upside | 6.3 |
Wrapped Bitcoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wrapped Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wrapped Bitcoin's standard deviation. In reality, there are many statistical measures that can use Wrapped Bitcoin historical prices to predict the future Wrapped Bitcoin's volatility.| Risk Adjusted Performance | 0.0438 | |||
| Jensen Alpha | 0.1776 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0472 | |||
| Treynor Ratio | (15.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wrapped 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.
Wrapped Bitcoin Backtested Returns
We consider Wrapped Bitcoin very volatile. Wrapped Bitcoin shows Sharpe Ratio of 0.0262, which attests that digital coin had a 0.0262% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wrapped Bitcoin, which you can use to evaluate the volatility of coin. Please check out Wrapped Bitcoin's Market Risk Adjusted Performance of (15.01), mean deviation of 2.47, and Downside Deviation of 3.01 to validate if the risk estimate we provide is consistent with the expected return of 0.0852%. The entity maintains a market beta of -0.0118, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wrapped Bitcoin are expected to decrease at a much lower rate. During the bear market, Wrapped Bitcoin is likely to outperform the market.
Auto-correlation | -0.68 |
Very good reverse predictability
Wrapped Bitcoin has very good reverse predictability. Overlapping area represents the amount of predictability between Wrapped Bitcoin time series from 4th of May 2024 to 19th of May 2024 and 19th of May 2024 to 3rd of June 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 Wrapped Bitcoin price movement. The serial correlation of -0.68 indicates that around 68.0% of current Wrapped Bitcoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 658.8 K |
Wrapped Bitcoin lagged returns against current returns
Autocorrelation, which is Wrapped Bitcoin 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 Wrapped Bitcoin's crypto coin expected returns. We can calculate the autocorrelation of Wrapped Bitcoin returns to help us make a trade decision. For example, suppose you find that Wrapped Bitcoin 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 |
Wrapped 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 Wrapped Bitcoin crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wrapped Bitcoin crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wrapped Bitcoin crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Wrapped Bitcoin Lagged Returns
When evaluating Wrapped Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wrapped Bitcoin crypto coin have on its future price. Wrapped 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, Wrapped Bitcoin autocorrelation shows the relationship between Wrapped Bitcoin crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Wrapped Bitcoin.
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 Wrapped Bitcoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wrapped Bitcoin'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 Wrapped Bitcoin Crypto.Check out Wrapped Bitcoin Correlation, Wrapped Bitcoin Volatility and Investing Opportunities module to complement your research on Wrapped Bitcoin. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Wrapped Bitcoin 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.