WhiteBIT Token Market Value
| WBT Crypto | USD 23.48 0.10 0.42% |
| Symbol | WhiteBIT |
WhiteBIT Token '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 WhiteBIT Token'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 WhiteBIT Token.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in WhiteBIT Token on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding WhiteBIT Token or generate 0.0% return on investment in WhiteBIT Token over 90 days. WhiteBIT Token is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. WhiteBIT Token is peer-to-peer digital currency powered by the Blockchain technology.
WhiteBIT Token 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 WhiteBIT Token'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 WhiteBIT Token upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.2616 | |||
| Maximum Drawdown | 34.63 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 7.58 |
WhiteBIT Token Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WhiteBIT Token's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WhiteBIT Token's standard deviation. In reality, there are many statistical measures that can use WhiteBIT Token historical prices to predict the future WhiteBIT Token's volatility.| Risk Adjusted Performance | 0.2331 | |||
| Jensen Alpha | 1.14 | |||
| Total Risk Alpha | 0.5278 | |||
| Sortino Ratio | 0.8843 | |||
| Treynor Ratio | 1.77 |
WhiteBIT Token Backtested Returns
WhiteBIT Token is very risky given 3 months investment horizon. WhiteBIT Token shows Sharpe Ratio of 0.3, which attests that digital coin had a 0.3% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.28% are justified by taking the suggested risk. Use WhiteBIT Token Coefficient Of Variation of 339.93, mean deviation of 2.02, and Market Risk Adjusted Performance of 1.78 to evaluate coin specific risk that cannot be diversified away. The entity maintains a market beta of 0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WhiteBIT Token's returns are expected to increase less than the market. However, during the bear market, the loss of holding WhiteBIT Token is expected to be smaller as well.
Auto-correlation | 0.57 |
Modest predictability
WhiteBIT Token has modest predictability. Overlapping area represents the amount of predictability between WhiteBIT Token time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th 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 WhiteBIT Token price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current WhiteBIT Token price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 6.02 |
WhiteBIT Token lagged returns against current returns
Autocorrelation, which is WhiteBIT Token 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 WhiteBIT Token's crypto coin expected returns. We can calculate the autocorrelation of WhiteBIT Token returns to help us make a trade decision. For example, suppose you find that WhiteBIT Token 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 |
WhiteBIT Token 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 WhiteBIT Token crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WhiteBIT Token crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WhiteBIT Token crypto coin over time.
Current vs Lagged Prices |
| Timeline |
WhiteBIT Token Lagged Returns
When evaluating WhiteBIT Token's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WhiteBIT Token crypto coin have on its future price. WhiteBIT Token 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, WhiteBIT Token autocorrelation shows the relationship between WhiteBIT Token crypto coin current value and its past values and can show if there is a momentum factor associated with investing in WhiteBIT Token.
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 WhiteBIT Token offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WhiteBIT Token'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 Whitebit Token Crypto.Check out WhiteBIT Token Correlation, WhiteBIT Token Volatility and Investing Opportunities module to complement your research on WhiteBIT Token. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
WhiteBIT Token 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.