Biconomy Market Value

BICO
 Crypto
  

USD 0.65  0.01  1.56%   

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


Please note, there is a significant difference between Biconomy's value and its price as these two are different measures arrived at by different means. Investors typically determine Biconomy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biconomy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Biconomy '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 Biconomy'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 Biconomy.
0.00
07/14/2022
No Change 0.00  0.0 
In 30 days
08/13/2022
0.00
If you would invest  0.00  in Biconomy on July 14, 2022 and sell it all today you would earn a total of 0.00 from holding Biconomy or generate 0.0% return on investment in Biconomy over 30 days. Biconomy is related to or competes with XRP, Solana, Avalanche, Polkadot, FTX Token, Chainlink, and Polygon. Biconomy is peer-to-peer digital currency powered by the Blockchain technologyMore

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

Biconomy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Biconomy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biconomy's standard deviation. In reality, there are many statistical measures that can use Biconomy historical prices to predict the future Biconomy's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Biconomy'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 Biconomy in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.030.647.90
Details
Intrinsic
Valuation
LowReal ValueHigh
0.030.557.81
Details
Naive
Forecast
LowNext ValueHigh
0.0132960.667.92
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.440.560.68
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Biconomy. Your research has to be compared to or analyzed against Biconomy's peers to derive any actionable benefits. When done correctly, Biconomy'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 Biconomy.

Biconomy Backtested Returns

Biconomy appears to be unreasonably risky, given 3 months investment horizon. Biconomy secures Sharpe Ratio (or Efficiency) of 0.0409, which signifies that digital coin had 0.0409% of return per unit of standard deviation over the last 3 months. Our philosophy in 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 Biconomy, which you can use to evaluate the future volatility of coin. Please makes use of Biconomy's mean deviation of 4.99, and Risk Adjusted Performance of 0.0591 to double-check if our risk estimates are consistent with your expectations.
The crypto shows a Beta (market volatility) of 0.7753, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Biconomy's beta means in this case. As returns on the market increase, Biconomy returns are expected to increase less than the market. However, during the bear market, the loss on holding Biconomy will be expected to be smaller as well. Although it is vital to follow Biconomy historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy in 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 Biconomy technical indicators, you can presently evaluate if the expected return of 0.3% will be sustainable into the future.

Auto-correlation

    
  0.28  

Poor predictability

Biconomy has poor predictability. Overlapping area represents the amount of predictability between Biconomy time series from 14th of July 2022 to 29th of July 2022 and 29th of July 2022 to 13th 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 Biconomy price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Biconomy price fluctuation can be explain by its past prices.
Correlation Coefficient0.28
Spearman Rank Test0.51
Residual Average0.0
Price Variance0.0

Biconomy lagged returns against current returns

Autocorrelation, which is Biconomy 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 Biconomy's crypto coin expected returns. We can calculate the autocorrelation of Biconomy returns to help us make a trade decision. For example, suppose you find that Biconomy 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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Biconomy 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 Biconomy crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biconomy crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biconomy crypto coin over time.
   Current vs Lagged Prices   
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       Timeline  

Biconomy Lagged Returns

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

Biconomy Investors Sentiment

The influence of Biconomy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Biconomy. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Biconomy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Biconomy's short interest history, or implied volatility extrapolated from Biconomy options trading.

Pair Trading with Biconomy

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 Biconomy 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 Biconomy will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Biconomy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biconomy 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 Biconomy - 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 Biconomy to buy it.
The correlation of Biconomy 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 Biconomy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biconomy 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 Biconomy 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 Bitcoin Browser, Biconomy Correlation, Portfolio Optimization, Biconomy Volatility, as well as analyze Investing Opportunities and Biconomy Performance. Note that the Biconomy information on this page should be used as a complementary analysis to other Biconomy'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 Biconomy Crypto Coin

When running Biconomy price analysis, check to measure Biconomy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Biconomy is operating at the current time. Most of Biconomy's value examination focuses on studying past and present price action to predict the probability of Biconomy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Biconomy's price. Additionally, you may evaluate how the addition of Biconomy to your portfolios can decrease your overall portfolio volatility.
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