BMX Market Value
| BMX Crypto | USD 0.29 0.01 3.57% |
| Symbol | BMX |
BMX '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 BMX'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 BMX.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in BMX on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding BMX or generate 0.0% return on investment in BMX over 30 days. BMX is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. BitMart Token is peer-to-peer digital currency powered by the Blockchain technology.
BMX 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 BMX'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 BMX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 41.87 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
BMX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMX's standard deviation. In reality, there are many statistical measures that can use BMX historical prices to predict the future BMX's volatility.| Risk Adjusted Performance | (0.0004) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.05) |
BMX Backtested Returns
BMX secures Sharpe Ratio (or Efficiency) of -0.0124, which signifies that digital coin had a -0.0124% return per unit of volatility over the last 3 months. BMX exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BMX's mean deviation of 4.38, and Risk Adjusted Performance of (0.0004) to double-check the risk estimate we provide. The crypto shows a Beta (market volatility) of 1.63, 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, BMX will likely underperform.
Auto-correlation | 0.21 |
Weak predictability
BMX has weak predictability. Overlapping area represents the amount of predictability between BMX 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 BMX price movement. The serial correlation of 0.21 indicates that over 21.0% of current BMX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BMX lagged returns against current returns
Autocorrelation, which is BMX 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 BMX's crypto coin expected returns. We can calculate the autocorrelation of BMX returns to help us make a trade decision. For example, suppose you find that BMX 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 |
BMX 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 BMX crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMX crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMX crypto coin over time.
Current vs Lagged Prices |
| Timeline |
BMX Lagged Returns
When evaluating BMX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMX crypto coin have on its future price. BMX 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, BMX autocorrelation shows the relationship between BMX crypto coin current value and its past values and can show if there is a momentum factor associated with investing in BMX.
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 BMX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BMX'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 Bmx Crypto.Check out BMX Correlation, BMX Volatility and Investing Opportunities module to complement your research on BMX. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
BMX 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.