Boba Network Market Value

BOBA
 Crypto
  

USD 0.58  0.01  1.75%   

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


Please note, there is a significant difference between Boba Network's value and its price as these two are different measures arrived at by different means. Investors typically determine Boba Network value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boba Network'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.

Boba Network '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 Boba Network'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 Boba Network.
0.00
08/17/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/07/2022
0.00
If you would invest  0.00  in Boba Network on August 17, 2020 and sell it all today you would earn a total of 0.00 from holding Boba Network or generate 0.0% return on investment in Boba Network over 720 days. Boba Network is related to or competes with XRP, Solana, Polkadot, Avalanche, FTX Token, Polygon, and Uniswap Protocol. Boba Network is peer-to-peer digital currency powered by the Blockchain technologyMore

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

Boba Network Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Boba Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boba Network's standard deviation. In reality, there are many statistical measures that can use Boba Network historical prices to predict the future Boba Network's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Boba Network'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 Boba Network in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.030.588.45
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Intrinsic
Valuation
LowReal ValueHigh
0.020.438.30
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Naive
Forecast
LowNext ValueHigh
0.0125450.638.49
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Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.520.560.60
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Boba Network. Your research has to be compared to or analyzed against Boba Network's peers to derive any actionable benefits. When done correctly, Boba Network'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 Boba Network.

Boba Network Backtested Returns

We consider Boba Network unreasonably risky. Boba Network secures Sharpe Ratio (or Efficiency) of 0.0184, which signifies that digital coin had 0.0184% 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 Boba Network, which you can use to evaluate the future volatility of coin. Please confirm Boba Network risk adjusted performance of (0.009946), and Mean Deviation of 5.99 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%.
The crypto shows a Beta (market volatility) of 0.7265, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Boba Network's beta means in this case. As returns on the market increase, Boba Network returns are expected to increase less than the market. However, during the bear market, the loss on holding Boba Network will be expected to be smaller as well. Although it is important to respect Boba Network historical returns, it is better to be realistic regarding the information on the equity's 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 Boba Network technical indicators, you can presently evaluate if the expected return of 0.14% will be sustainable into the future.

Auto-correlation

    
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No correlation between past and present

Boba Network has no correlation between past and present. Overlapping area represents the amount of predictability between Boba Network time series from 17th of August 2020 to 12th of August 2021 and 12th of August 2021 to 7th 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 Boba Network price movement. The serial correlation of 0.0 indicates that just 0.0% of current Boba Network price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.0

Boba Network lagged returns against current returns

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

Boba Network Lagged Returns

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

Boba Network Investors Sentiment

The influence of Boba Network'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 Boba Network. 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 Boba Network 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, Boba Network's short interest history, or implied volatility extrapolated from Boba Network options trading.

Pair Trading with Boba Network

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 Boba Network 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 Boba Network will appreciate offsetting losses from the drop in the long position's value.

Moving together with Boba Network

0.71XRPXRPPairCorr
0.72SOLSolanaPairCorr
The ability to find closely correlated positions to Boba Network could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boba Network 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 Boba Network - 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 Boba Network to buy it.
The correlation of Boba Network 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 Boba Network moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boba Network 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 Boba Network 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, Boba Network Correlation, Portfolio Optimization, Boba Network Volatility, as well as analyze Investing Opportunities and Boba Network Performance. Note that the Boba Network information on this page should be used as a complementary analysis to other Boba Network'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 ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

Other Tools for Boba Network Crypto Coin

When running Boba Network price analysis, check to measure Boba Network'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 Boba Network is operating at the current time. Most of Boba Network's value examination focuses on studying past and present price action to predict the probability of Boba Network's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Boba Network's price. Additionally, you may evaluate how the addition of Boba Network to your portfolios can decrease your overall portfolio volatility.
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