BAX Market Value
| BAX Crypto | USD 0.0001 0.000007 6.36% |
| Symbol | BAX |
BAX '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 BAX'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 BAX.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in BAX on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding BAX or generate 0.0% return on investment in BAX over 30 days. BAX is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. BAX is peer-to-peer digital currency powered by the Blockchain technology.
BAX 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 BAX'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 BAX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.87 | |||
| Information Ratio | 0.0917 | |||
| Maximum Drawdown | 94.18 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 53.19 |
BAX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BAX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BAX's standard deviation. In reality, there are many statistical measures that can use BAX historical prices to predict the future BAX's volatility.| Risk Adjusted Performance | 0.085 | |||
| Jensen Alpha | 1.12 | |||
| Total Risk Alpha | (1.12) | |||
| Sortino Ratio | 0.1023 | |||
| Treynor Ratio | 0.3063 |
BAX Backtested Returns
BAX is abnormally risky given 3 months investment horizon. BAX secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that digital coin had a 0.11% return per unit of volatility over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.13% are justified by taking the suggested risk. Use BAX Coefficient Of Variation of 1013.75, market risk adjusted performance of 0.3163, and Mean Deviation of 10.06 to evaluate coin specific risk that cannot be diversified away. The entity shows a Beta (market volatility) of 6.03, 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, BAX will likely underperform.
Auto-correlation | -0.02 |
Very weak reverse predictability
BAX has very weak reverse predictability. Overlapping area represents the amount of predictability between BAX 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 BAX price movement. The serial correlation of -0.02 indicates that only 2.0% of current BAX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BAX lagged returns against current returns
Autocorrelation, which is BAX 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 BAX's crypto coin expected returns. We can calculate the autocorrelation of BAX returns to help us make a trade decision. For example, suppose you find that BAX 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 |
BAX 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 BAX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BAX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BAX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
BAX Lagged Returns
When evaluating BAX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BAX crypto coin have on its future price. BAX 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, BAX autocorrelation shows the relationship between BAX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in BAX.
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 BAX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BAX'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 Bax Crypto.Check out BAX Correlation, BAX Volatility and Investing Opportunities module to complement your research on BAX. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
BAX 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.