RENBTC Market Value
| RENBTC Crypto | USD 23,300 0.00 0.00% |
| Symbol | RENBTC |
RENBTC '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 RENBTC'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 RENBTC.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in RENBTC on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding RENBTC or generate 0.0% return on investment in RENBTC over 90 days. RENBTC is related to or competes with XRP, Solana, Staked Ether, Toncoin, Worldcoin, Sui, and Stellar. RENBTC is peer-to-peer digital currency powered by the Blockchain technology.
RENBTC 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 RENBTC'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 RENBTC upside and downside potential and time the market with a certain degree of confidence.
RENBTC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RENBTC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RENBTC's standard deviation. In reality, there are many statistical measures that can use RENBTC historical prices to predict the future RENBTC's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of RENBTC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
RENBTC Backtested Returns
We have found three technical indicators for RENBTC, which you can use to evaluate the volatility of coin. The crypto holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and RENBTC are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
RENBTC has no correlation between past and present. Overlapping area represents the amount of predictability between RENBTC time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd of December 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 RENBTC price movement. The serial correlation of 0.0 indicates that just 0.0% of current RENBTC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RENBTC lagged returns against current returns
Autocorrelation, which is RENBTC 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 RENBTC's crypto coin expected returns. We can calculate the autocorrelation of RENBTC returns to help us make a trade decision. For example, suppose you find that RENBTC 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 |
RENBTC 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 RENBTC crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RENBTC crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RENBTC crypto coin over time.
Current vs Lagged Prices |
| Timeline |
RENBTC Lagged Returns
When evaluating RENBTC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RENBTC crypto coin have on its future price. RENBTC 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, RENBTC autocorrelation shows the relationship between RENBTC crypto coin current value and its past values and can show if there is a momentum factor associated with investing in RENBTC.
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 RENBTC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of RENBTC'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 Renbtc Crypto.Check out RENBTC Correlation, RENBTC Volatility and Investing Opportunities module to complement your research on RENBTC. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
RENBTC 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.