Band Protocol Market Value

BAND
 Crypto
  

USD 1.24  0.01  0.80%   

Band Protocol's market value is the price at which a share of Band Protocol stock trades on a public exchange. It measures the collective expectations of Band Protocol investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Band Protocol and determine expected loss or profit from investing in Band Protocol over a given investment horizon. Continue to Band Protocol Correlation, Band Protocol Volatility and Investing Opportunities module to complement your research on Band Protocol.
Symbol


Please note, there is a significant difference between Band Protocol's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Band Protocol value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Band Protocol's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

Band Protocol '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 Band Protocol'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 Band Protocol.
0.00
08/06/2022
No Change 0.00  0.0 
In 2 months and 1 day
10/05/2022
0.00
If you would invest  0.00  in Band Protocol on August 6, 2022 and sell it all today you would earn a total of 0.00 from holding Band Protocol or generate 0.0% return on investment in Band Protocol over 60 days. Band Protocol is related to or competes with XRP, Solana, Polkadot, Chainlink, Polygon, FTX Token, and Avalanche. Band Protocol is peer-to-peer digital currency powered by the Blockchain technology.

Band Protocol 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 Band Protocol'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 Band Protocol upside and downside potential and time the market with a certain degree of confidence.

Band Protocol Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Band Protocol's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Band Protocol's standard deviation. In reality, there are many statistical measures that can use Band Protocol historical prices to predict the future Band Protocol's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Band Protocol'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. Please use the tools below to analyze the current value of Band Protocol in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.061.247.28
Details
Intrinsic
Valuation
LowReal ValueHigh
0.061.147.18
Details
Naive
Forecast
LowNext ValueHigh
0.0227531.147.18
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.991.431.87
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Band Protocol. Your research has to be compared to or analyzed against Band Protocol's peers to derive any actionable benefits. When done correctly, Band Protocol's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Band Protocol.

Band Protocol Backtested Returns

Band Protocol secures Sharpe Ratio (or Efficiency) of -0.0376, which signifies that digital coin had -0.0376% of return per unit of risk over the last 5 months. Macroaxis standpoint towards foreseeing the risk of any crypto is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Band Protocol exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Band Protocol mean deviation of 5.69, and Risk Adjusted Performance of (0.10) to double-check the risk estimate we provide.
The crypto shows a Beta (market volatility) of 0.3811, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Band Protocol's beta means in this case. As returns on the market increase, Band Protocol returns are expected to increase less than the market. However, during the bear market, the loss on holding Band Protocol will be expected to be smaller as well. Even though it is essential to pay attention to Band Protocol historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any crypto's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Band Protocol exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.53  

Modest predictability

Band Protocol has modest predictability. Overlapping area represents the amount of predictability between Band Protocol time series from 6th of August 2022 to 5th of September 2022 and 5th of September 2022 to 5th of October 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Band Protocol price movement. The serial correlation of 0.53 indicates that about 53.0% of current Band Protocol price fluctuation can be explain by its past prices.
Correlation Coefficient0.53
Spearman Rank Test0.47
Residual Average0.0
Price Variance0.0

Band Protocol lagged returns against current returns

Autocorrelation, which is Band Protocol 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 Band Protocol's crypto coin expected returns. We can calculate the autocorrelation of Band Protocol returns to help us make a trade decision. For example, suppose you find that Band Protocol crypto coin has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Band Protocol 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 Band Protocol crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Band Protocol crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Band Protocol crypto coin over time.
   Current vs Lagged Prices   
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       Timeline  

Band Protocol Lagged Returns

When evaluating Band Protocol's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Band Protocol crypto coin have on its future price. Band Protocol 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, Band Protocol autocorrelation shows the relationship between Band Protocol crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Band Protocol.
   Regressed Prices   
Share
       Timeline  

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 Band Protocol 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 Band Protocol

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 Band Protocol 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 Band Protocol will appreciate offsetting losses from the drop in the long position's value.

Moving together with Band Protocol

+0.66XRPXRPPairCorr
The ability to find closely correlated positions to Band Protocol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Band Protocol 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 Band Protocol - 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 Band Protocol to buy it.
The correlation of Band Protocol 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 Band Protocol moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Band Protocol 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 Band Protocol 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
Continue to Band Protocol Correlation, Band Protocol Volatility and Investing Opportunities module to complement your research on Band Protocol. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Other Tools for Band Protocol Crypto Coin

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