Basic Attention Market Value

BAT
 Crypto
  

USD 0.46  0.01  2.13%   

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


Please note, there is a significant difference between Basic Attention's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Basic Attention 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, Basic Attention's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

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.
0.00
07/20/2022
No Change 0.00  0.0 
In 30 days
08/19/2022
0.00
If you would invest  0.00  in Basic Attention on July 20, 2022 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 30 days. Basic Attention is related to or competes with XRP, Solana, Polkadot, Avalanche, FTX Token, Polygon, and Chainlink. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Basic Attention'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 Basic Attention in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.020.467.24
Details
Intrinsic
Valuation
LowReal ValueHigh
0.020.357.13
Details
Naive
Forecast
LowNext ValueHigh
0.0103270.527.29
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.360.420.47
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Basic Attention. Your research has to be compared to or analyzed against Basic Attention's peers to derive any actionable benefits. When done correctly, Basic Attention'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 Basic Attention Token.

Basic Attention Token Backtested Returns

Basic Attention appears to be unusually volatile, given 3 months investment horizon. Basic Attention Token secures Sharpe Ratio (or Efficiency) of 0.0726, which signifies that digital coin had 0.0726% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a crypto is to use all available market data together with crypto-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Basic Attention Token, which you can use to evaluate the future volatility of coin. Please makes use of Basic Attention's Mean Deviation of 4.63, downside deviation of 7.62, and Risk Adjusted Performance of 0.0736 to double-check if our risk estimates are consistent with your expectations.
The crypto shows a Beta (market volatility) of -0.5011, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Basic's beta means in this case. As returns on the market increase, returns on owning Basic Attention are expected to decrease at a much lower rate. During the bear market, Basic Attention is likely to outperform the market. Although it is vital to follow Basic Attention Token historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any crypto is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Basic Attention Token technical indicators, you can presently evaluate if the expected return of 0.49% will be sustainable into the future.

Auto-correlation

    
  0.19  

Very weak predictability

Basic Attention Token has very weak predictability. Overlapping area represents the amount of predictability between Basic Attention time series from 20th of July 2022 to 4th of August 2022 and 4th of August 2022 to 19th of August 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 Basic Attention Token price movement. The serial correlation of 0.19 indicates that over 19.0% of current Basic Attention price fluctuation can be explain by its past prices.
Correlation Coefficient0.19
Spearman Rank Test0.79
Residual Average0.0
Price Variance0.0

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 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  

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   
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       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   
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       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 Basic Attention 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 Basic Attention

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 Basic Attention 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 Basic Attention will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Basic Attention could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Basic Attention 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 Basic Attention - 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 Basic Attention Token to buy it.
The correlation of Basic Attention 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 Basic Attention moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Basic Attention Token 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 Basic Attention 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 Basic Attention Correlation, Basic Attention Volatility and Investing Opportunities module to complement your research on Basic Attention. Note that the Basic Attention Token information on this page should be used as a complementary analysis to other Basic Attention'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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Other Tools for Basic Crypto Coin

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