ApeCoin Fundamentals

APE
 Crypto
  

USD 3.97  0.10  2.58%   

ApeCoin fundamentals help investors to digest information that contributes to ApeCoin's financial success or failures. It also enables traders to predict the movement of ApeCoin Crypto Coin. The fundamental analysis module provides a way to measure ApeCoin'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 ApeCoin crypto coin.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
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About ApeCoin Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ApeCoin's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ApeCoin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ApeCoin 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.
ApeCoin is peer-to-peer digital currency powered by the Blockchain technology.
Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ApeCoin in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.

Pair Trading with ApeCoin

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 ApeCoin 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 ApeCoin will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to ApeCoin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ApeCoin 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 ApeCoin - 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 ApeCoin to buy it.
The correlation of ApeCoin is a statistical measure of how it moves in relation to other equities. 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 ApeCoin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ApeCoin 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 ApeCoin 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.
Pair CorrelationCorrelation Matching
Please continue to ApeCoin Piotroski F Score and ApeCoin Altman Z Score analysis. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

Other Tools for ApeCoin Crypto Coin

When running ApeCoin price analysis, check to measure ApeCoin's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy ApeCoin is operating at the current time. Most of ApeCoin's value examination focuses on studying past and present price actions to predict the probability of ApeCoin's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move ApeCoin's coin price. Additionally, you may evaluate how adding ApeCoin to your portfolios can decrease your overall portfolio volatility.
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