Bitcoin SV Market Value
BSV Crypto | USD 71.28 3.50 5.16% |
Symbol | Bitcoin |
Bitcoin SV '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 Bitcoin SV'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 Bitcoin SV.
03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Bitcoin SV on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Bitcoin SV or generate 0.0% return on investment in Bitcoin SV over 30 days. Bitcoin SV is related to or competes with Bitcoin, Dogecoin, Bitcoin Cash, Litecoin, Ethereum Classic, Monero, and Arweave. Bitcoin SV is peer-to-peer digital currency powered by the Blockchain technology.
Bitcoin SV 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 Bitcoin SV'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 Bitcoin SV upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 6.85 | |||
Information Ratio | 0.0172 | |||
Maximum Drawdown | 48.53 | |||
Value At Risk | (12.06) | |||
Potential Upside | 7.81 |
Bitcoin SV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitcoin SV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitcoin SV's standard deviation. In reality, there are many statistical measures that can use Bitcoin SV historical prices to predict the future Bitcoin SV's volatility.Risk Adjusted Performance | 0.0283 | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.75) | |||
Sortino Ratio | 0.0176 | |||
Treynor Ratio | 0.0661 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bitcoin SV'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.
Bitcoin SV Backtested Returns
Bitcoin SV appears to be unreasonably risky, given 3 months investment horizon. Bitcoin SV secures Sharpe Ratio (or Efficiency) of 0.0345, which signifies that digital coin had a 0.0345% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bitcoin SV, which you can use to evaluate the volatility of coin. Please makes use of Bitcoin SV's Downside Deviation of 6.85, risk adjusted performance of 0.0283, and Mean Deviation of 4.64 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 3.11, 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, Bitcoin SV will likely underperform.
Auto-correlation | -0.3 |
Weak reverse predictability
Bitcoin SV has weak reverse predictability. Overlapping area represents the amount of predictability between Bitcoin SV time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Bitcoin SV price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Bitcoin SV price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.3 | |
Spearman Rank Test | 0.09 | |
Residual Average | 0.0 | |
Price Variance | 93.02 |
Bitcoin SV lagged returns against current returns
Autocorrelation, which is Bitcoin SV 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 Bitcoin SV's crypto coin expected returns. We can calculate the autocorrelation of Bitcoin SV returns to help us make a trade decision. For example, suppose you find that Bitcoin SV 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 |
Bitcoin SV 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 Bitcoin SV crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitcoin SV crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitcoin SV crypto coin over time.
Current vs Lagged Prices |
Timeline |
Bitcoin SV Lagged Returns
When evaluating Bitcoin SV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitcoin SV crypto coin have on its future price. Bitcoin SV 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, Bitcoin SV autocorrelation shows the relationship between Bitcoin SV crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Bitcoin SV.
Regressed Prices |
Timeline |
Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bitcoin SV in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.
Pair Trading with Bitcoin SV
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 Bitcoin SV 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 Bitcoin SV will appreciate offsetting losses from the drop in the long position's value.Moving together with Bitcoin Crypto Coin
0.65 | BTC | Bitcoin | PairCorr |
0.61 | DOGE | Dogecoin | PairCorr |
0.72 | LTC | Litecoin | PairCorr |
0.94 | ETC | Ethereum Classic | PairCorr |
The ability to find closely correlated positions to Bitcoin SV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitcoin SV 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 Bitcoin SV - 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 Bitcoin SV to buy it.
The correlation of Bitcoin SV 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 Bitcoin SV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitcoin SV 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 Bitcoin SV 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 Bitcoin SV Correlation, Bitcoin SV Volatility and Investing Opportunities module to complement your research on Bitcoin SV. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Bitcoin SV 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.