Athena Bitcoin Global Stock Market Value
| ABIT Stock | USD 0.11 0.01 8.33% |
| Symbol | Athena |
Athena 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 Athena 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 Athena Bitcoin.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Athena Bitcoin on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Athena Bitcoin Global or generate 0.0% return on investment in Athena Bitcoin over 30 days. Athena Bitcoin is related to or competes with OFX Group, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High Yield, and Via Renewables. Athena Bitcoin Global develops, owns, and operates a network of Athena Bitcoin ATMs More
Athena 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 Athena 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 Athena Bitcoin Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.5 | |||
| Information Ratio | 0.1532 | |||
| Maximum Drawdown | 130.27 | |||
| Value At Risk | (21.21) | |||
| Potential Upside | 33.33 |
Athena Bitcoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Athena Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Athena Bitcoin's standard deviation. In reality, there are many statistical measures that can use Athena Bitcoin historical prices to predict the future Athena Bitcoin's volatility.| Risk Adjusted Performance | 0.1327 | |||
| Jensen Alpha | 2.94 | |||
| Total Risk Alpha | 2.39 | |||
| Sortino Ratio | 0.2346 | |||
| Treynor Ratio | 5.34 |
Athena Bitcoin Global Backtested Returns
Athena Bitcoin is out of control given 3 months investment horizon. Athena Bitcoin Global secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. We were able to collect and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.97% are justified by taking the suggested risk. Use Athena Bitcoin risk adjusted performance of 0.1327, and Mean Deviation of 11.32 to evaluate company specific risk that cannot be diversified away. Athena Bitcoin holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Athena Bitcoin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Athena Bitcoin is expected to be smaller as well. Use Athena Bitcoin jensen alpha and the relationship between the value at risk and day median price , to analyze future returns on Athena Bitcoin.
Auto-correlation | 0.37 |
Below average predictability
Athena Bitcoin Global has below average predictability. Overlapping area represents the amount of predictability between Athena Bitcoin time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Athena Bitcoin Global price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Athena Bitcoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Athena Bitcoin Global lagged returns against current returns
Autocorrelation, which is Athena 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 Athena Bitcoin's pink sheet expected returns. We can calculate the autocorrelation of Athena Bitcoin returns to help us make a trade decision. For example, suppose you find that Athena 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 |
Athena 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 Athena Bitcoin pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Athena 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 Athena Bitcoin pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Athena Bitcoin Lagged Returns
When evaluating Athena Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Athena Bitcoin pink sheet have on its future price. Athena 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, Athena Bitcoin autocorrelation shows the relationship between Athena Bitcoin pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Athena Bitcoin Global.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Athena Pink Sheet Analysis
When running Athena Bitcoin's price analysis, check to measure Athena Bitcoin'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 Athena Bitcoin is operating at the current time. Most of Athena Bitcoin's value examination focuses on studying past and present price action to predict the probability of Athena Bitcoin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Athena Bitcoin's price. Additionally, you may evaluate how the addition of Athena Bitcoin to your portfolios can decrease your overall portfolio volatility.