Bitcoin Cash Crypto Market Capitalization
| BCH Crypto | USD 438.47 38.91 8.15% |
Bitcoin Cash fundamentals help investors to digest information that contributes to Bitcoin Cash's financial success or failures. It also enables traders to predict the movement of Bitcoin Crypto Coin. The fundamental analysis module provides a way to measure Bitcoin Cash's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bitcoin Cash crypto coin.
Bitcoin |
Bitcoin Cash Cryptocurrency Market Capitalization Analysis
Bitcoin Cash's Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Current Bitcoin Cash Market Capitalization | 15.84 B |
Most of Bitcoin Cash's fundamental indicators, such as Market Capitalization, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bitcoin Cash is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Based on the recorded statements, the market capitalization of Bitcoin Cash is about 15.84 B. This is much higher than that of the Blockchain sector and significantly higher than that of the Cryptocurrency industry. The market capitalization for all United States cryptos is notably lower than that of the firm.
Bitcoin Market Capitalization Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bitcoin Cash's direct or indirect competition against its Market Capitalization to detect undervalued stocks with similar characteristics or determine the crypto coins which would be a good addition to a portfolio. Peer analysis of Bitcoin Cash could also be used in its relative valuation, which is a method of valuing Bitcoin Cash by comparing valuation metrics of similar companies.Bitcoin Cash cannot be rated in Market Capitalization category at this point.
About Bitcoin Cash Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bitcoin Cash's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bitcoin Cash using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bitcoin Cash based on its fundamental data. In general, a quantitative approach, as applied to this cryptocurrency, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Bitcoin Cash
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitcoin Cash position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitcoin Cash will appreciate offsetting losses from the drop in the long position's value.Moving together with Bitcoin Crypto Coin
| 0.84 | BTC | Bitcoin | PairCorr |
| 0.93 | DOGE | Dogecoin | PairCorr |
| 0.91 | LTC | Litecoin | PairCorr |
Moving against Bitcoin Crypto Coin
| 0.71 | CLO | CLO | PairCorr |
| 0.7 | GRIN | GRIN | PairCorr |
The ability to find closely correlated positions to Bitcoin Cash could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitcoin Cash when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitcoin Cash - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitcoin Cash to buy it.
The correlation of Bitcoin Cash is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitcoin Cash moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitcoin Cash moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bitcoin Cash can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitcoin Cash. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Bitcoin Cash information on this page should be used as a complementary analysis to other Bitcoin Cash's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.