Bitcoin Market Value

Cryptocurrencies . .CC . 
Crypto . Bitcoin
BTC Crypto  USD 27,493  1.70  0.006184%   
Bitcoin's market value is the price at which a share of Bitcoin stock trades on a public exchange. It measures the collective expectations of Bitcoin investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Bitcoin and determine expected loss or profit from investing in Bitcoin over a given investment horizon. Check out Bitcoin Correlation, Bitcoin Volatility and Investing Opportunities module to complement your research on Bitcoin. For information on how to trade Bitcoin Crypto Coin refer to our How to Trade Bitcoin Crypto Coin guide.
Symbol

Buy or Sell
Advice
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Technical
Analysis
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Please note, there is a significant difference between Bitcoin's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Bitcoin value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Bitcoin's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

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 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 Bitcoin.
0.00
02/25/2023
No Change 0.00  0.0 
In 31 days
03/27/2023
0.00
If you would invest  0.00  in Bitcoin on February 25, 2023 and sell it all today you would earn a total of 0.00 from holding Bitcoin or generate 0.0% return on investment in Bitcoin over 30 days. Bitcoin is related to or competes with Litecoin, Monero, Ethereum Classic, Bitcoin Cash, Conflux Network, Bitcoin SV, and ZCash. Bitcoin is peer-to-peer digital currency powered by the Blockchain technology.

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 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 Bitcoin upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation2.1
Information Ratio0.2169
Maximum Drawdown23.21
Value At Risk(3.28)
Potential Upside7.56

Bitcoin Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitcoin's standard deviation. In reality, there are many statistical measures that can use Bitcoin historical prices to predict the future Bitcoin's volatility.
Risk Adjusted Performance0.2104
Jensen Alpha0.7968
Total Risk Alpha0.8988
Sortino Ratio0.3936
Treynor Ratio(2.99)
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of 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. Please use the tools below to analyze the current value of Bitcoin in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
27,28127,28430,243
Details
Intrinsic
Valuation
LowReal ValueHigh
24,69524,69930,243
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bitcoin. Your research has to be compared to or analyzed against Bitcoin's peers to derive any actionable benefits. When done correctly, Bitcoin's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Bitcoin.

Bitcoin Backtested Returns

Bitcoin appears to be very volatile, given 3 months investment horizon. Bitcoin secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that digital coin had 0.22% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a crypto is to use all available market data together with crypto-specific technical indicators that cannot be diversified away. By analyzing Bitcoin technical indicators you can presently evaluate if the expected return of 0.85% is justified by implied risk. Please makes use of Bitcoin's Mean Deviation of 2.47, risk adjusted performance of 0.2104, and Downside Deviation of 2.1 to double-check if our risk estimates are consistent with your expectations.
The crypto shows a Beta (market volatility) of -0.269, which signifies not very significant fluctuations relative to the market. Let's try to break down what Bitcoin's beta means in this case. As returns on the market increase, returns on owning Bitcoin are expected to decrease at a much lower rate. During the bear market, Bitcoin is likely to outperform the market. Although it is vital to follow Bitcoin historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any crypto is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-one technical indicators for Bitcoin, which you can use to evaluate the performance of the entity.

Auto-correlation

    
  -0.55  

Good reverse predictability

Bitcoin has good reverse predictability. Overlapping area represents the amount of predictability between Bitcoin time series from 25th of February 2023 to 12th of March 2023 and 12th of March 2023 to 27th of March 2023. 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 price movement. The serial correlation of -0.55 indicates that about 55.0% of current Bitcoin price fluctuation can be explain by its past prices.
Correlation Coefficient-0.55
Spearman Rank Test-0.58
Residual Average0.0
Price Variance1.8 M

Bitcoin lagged returns against current returns

Autocorrelation, which is 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 Bitcoin's crypto coin expected returns. We can calculate the autocorrelation of Bitcoin returns to help us make a trade decision. For example, suppose you find that Bitcoin crypto coin 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 stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

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 Bitcoin crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 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 Bitcoin crypto coin over time.
   Current vs Lagged Prices   
       Timeline  

Bitcoin Lagged Returns

When evaluating Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitcoin crypto coin have on its future price. 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, Bitcoin autocorrelation shows the relationship between Bitcoin crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Bitcoin.
   Regressed Prices   
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bitcoin without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Bitcoin

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 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 will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bitcoin

+0.66LTCLitecoinPairCorr
+0.84BCHBitcoin CashPairCorr

Moving against Bitcoin

-0.64BTCPBTCPPairCorr
The ability to find closely correlated positions to Bitcoin 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 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 - 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 to buy it.
The correlation of Bitcoin is a statistical measure of how it moves in relation to other equities. 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitcoin 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 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.
Pair CorrelationCorrelation Matching
Check out Bitcoin Correlation, Bitcoin Volatility and Investing Opportunities module to complement your research on Bitcoin. For information on how to trade Bitcoin Crypto Coin refer to our How to Trade Bitcoin Crypto Coin guide. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for analysis

When running Bitcoin price analysis, check to measure Bitcoin's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Bitcoin is operating at the current time. Most of Bitcoin's value examination focuses on studying past and present price actions to predict the probability of Bitcoin's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Bitcoin's coin price. Additionally, you may evaluate how adding Bitcoin to your portfolios can decrease your overall portfolio volatility.
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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.
Overlap Analysis
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Forecast Models
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Price Shifting
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Volatility Indicators
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Value Movement
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A focus of Bitcoin technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bitcoin trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
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