Band Protocol Market Value
| BAND Crypto | USD 1.66 0.08 5.06% |
| Symbol | Band |
Band Protocol '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 Band Protocol'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 Band Protocol.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Band Protocol on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Band Protocol or generate 0.0% return on investment in Band Protocol over 30 days. Band Protocol is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. Band Protocol is peer-to-peer digital currency powered by the Blockchain technology.
Band Protocol 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 Band Protocol'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 Band Protocol upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.23 | |||
| Information Ratio | 0.1125 | |||
| Maximum Drawdown | 26.77 | |||
| Value At Risk | (5.34) | |||
| Potential Upside | 9.72 |
Band Protocol Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Band Protocol's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Band Protocol's standard deviation. In reality, there are many statistical measures that can use Band Protocol historical prices to predict the future Band Protocol's volatility.| Risk Adjusted Performance | 0.1144 | |||
| Jensen Alpha | 0.4802 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.1073 | |||
| Treynor Ratio | 0.4076 |
Band Protocol Backtested Returns
Band Protocol appears to be extremely risky, given 3 months investment horizon. Band Protocol secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that digital coin had a 0.16% return per unit of risk over the last 3 months. By analyzing Band Protocol's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please makes use of Band Protocol's Mean Deviation of 3.57, downside deviation of 5.23, and Risk Adjusted Performance of 0.1144 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 1.67, 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, Band Protocol will likely underperform.
Auto-correlation | 0.58 |
Modest predictability
Band Protocol has modest predictability. Overlapping area represents the amount of predictability between Band Protocol time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Band Protocol price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Band Protocol price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Band Protocol lagged returns against current returns
Autocorrelation, which is Band Protocol 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 Band Protocol's crypto coin expected returns. We can calculate the autocorrelation of Band Protocol returns to help us make a trade decision. For example, suppose you find that Band Protocol 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 |
Band Protocol 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 Band Protocol crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Band Protocol crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Band Protocol crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Band Protocol Lagged Returns
When evaluating Band Protocol's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Band Protocol crypto coin have on its future price. Band Protocol 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, Band Protocol autocorrelation shows the relationship between Band Protocol crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Band Protocol.
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 Band Protocol offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Band Protocol'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 Band Protocol Crypto.Check out Band Protocol Correlation, Band Protocol Volatility and Investing Opportunities module to complement your research on Band Protocol. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Band Protocol 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.