Basic Attention Market Value
| BAT Crypto | USD 0.23 0.01 4.55% |
| Symbol | Basic |
Basic Attention '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 Basic Attention'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 Basic Attention.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Basic Attention on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Basic Attention Token or generate 0.0% return on investment in Basic Attention over 180 days. Basic Attention is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. Basic Attention Token is peer-to-peer digital currency powered by the Blockchain technology.
Basic Attention 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 Basic Attention'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 Basic Attention Token upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.02 | |||
| Information Ratio | 0.0562 | |||
| Maximum Drawdown | 20.33 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.25 |
Basic Attention Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Basic Attention's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Basic Attention's standard deviation. In reality, there are many statistical measures that can use Basic Attention historical prices to predict the future Basic Attention's volatility.| Risk Adjusted Performance | 0.0712 | |||
| Jensen Alpha | 0.3756 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.041 | |||
| Treynor Ratio | 1.49 |
Basic Attention Token Backtested Returns
Basic Attention appears to be very risky, given 3 months investment horizon. Basic Attention Token secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that digital coin had a 0.12% return per unit of risk over the last 3 months. By analyzing Basic Attention's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Basic Attention's Downside Deviation of 7.02, mean deviation of 3.72, and Risk Adjusted Performance of 0.0712 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Basic Attention's returns are expected to increase less than the market. However, during the bear market, the loss of holding Basic Attention is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
Basic Attention Token has good reverse predictability. Overlapping area represents the amount of predictability between Basic Attention time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Basic Attention Token price movement. The serial correlation of -0.52 indicates that about 52.0% of current Basic Attention price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Basic Attention Token lagged returns against current returns
Autocorrelation, which is Basic Attention 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 Basic Attention's crypto coin expected returns. We can calculate the autocorrelation of Basic Attention returns to help us make a trade decision. For example, suppose you find that Basic Attention 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 |
Basic Attention 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 Basic Attention crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Basic Attention crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Basic Attention crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Basic Attention Lagged Returns
When evaluating Basic Attention's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Basic Attention crypto coin have on its future price. Basic Attention 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, Basic Attention autocorrelation shows the relationship between Basic Attention crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Basic Attention 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 Basic Attention Token offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Basic Attention'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 Basic Attention Token Crypto.Check out Basic Attention Correlation, Basic Attention Volatility and Investing Opportunities module to complement your research on Basic Attention. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Basic Attention 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.