Bullet Blockchain Stock Market Value
| BULT Stock | USD 0.06 0.01 14.12% |
| Symbol | Bullet |
Bullet Blockchain '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 Bullet Blockchain'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 Bullet Blockchain.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Bullet Blockchain on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Bullet Blockchain or generate 0.0% return on investment in Bullet Blockchain over 30 days. Bullet Blockchain is related to or competes with Bitfarms, Marathon Digital, Charles Schwab, Mercurity Fintech, Blockmate Ventures, OFX Group, and Nomura Holdings. Bullet Blockchain, Inc. operates as a blockchain technology company that secures the bitcoin blockchain ledger More
Bullet Blockchain 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 Bullet Blockchain'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 Bullet Blockchain upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.41 | |||
| Information Ratio | 0.0473 | |||
| Maximum Drawdown | 61.43 | |||
| Value At Risk | (15.40) | |||
| Potential Upside | 17.39 |
Bullet Blockchain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bullet Blockchain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bullet Blockchain's standard deviation. In reality, there are many statistical measures that can use Bullet Blockchain historical prices to predict the future Bullet Blockchain's volatility.| Risk Adjusted Performance | 0.0548 | |||
| Jensen Alpha | 0.6738 | |||
| Total Risk Alpha | (0.95) | |||
| Sortino Ratio | 0.0365 | |||
| Treynor Ratio | (1.01) |
Bullet Blockchain Backtested Returns
Bullet Blockchain appears to be out of control, given 3 months investment horizon. Bullet Blockchain secures Sharpe Ratio (or Efficiency) of 0.0886, which signifies that the company had a 0.0886% return per unit of risk over the last 3 months. By analyzing Bullet Blockchain's technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please makes use of Bullet Blockchain's Mean Deviation of 6.08, downside deviation of 13.41, and Risk Adjusted Performance of 0.0548 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bullet Blockchain holds a performance score of 6. The firm shows a Beta (market volatility) of -0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bullet Blockchain are expected to decrease at a much lower rate. During the bear market, Bullet Blockchain is likely to outperform the market. Please check Bullet Blockchain's sortino ratio and the relationship between the downside variance and price action indicator , to make a quick decision on whether Bullet Blockchain's price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Bullet Blockchain has below average predictability. Overlapping area represents the amount of predictability between Bullet Blockchain 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 Bullet Blockchain price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Bullet Blockchain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bullet Blockchain lagged returns against current returns
Autocorrelation, which is Bullet Blockchain 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 Bullet Blockchain's pink sheet expected returns. We can calculate the autocorrelation of Bullet Blockchain returns to help us make a trade decision. For example, suppose you find that Bullet Blockchain 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 |
Bullet Blockchain 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 Bullet Blockchain pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bullet Blockchain pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bullet Blockchain pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bullet Blockchain Lagged Returns
When evaluating Bullet Blockchain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bullet Blockchain pink sheet have on its future price. Bullet Blockchain 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, Bullet Blockchain autocorrelation shows the relationship between Bullet Blockchain pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bullet Blockchain.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Bullet Pink Sheet Analysis
When running Bullet Blockchain's price analysis, check to measure Bullet Blockchain'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 Bullet Blockchain is operating at the current time. Most of Bullet Blockchain's value examination focuses on studying past and present price action to predict the probability of Bullet Blockchain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bullet Blockchain's price. Additionally, you may evaluate how the addition of Bullet Blockchain to your portfolios can decrease your overall portfolio volatility.