Wrapped Bitcoin Competition

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Wrapped Bitcoin'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 Wrapped Bitcoin in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
16,79516,79916,802
Details
Intrinsic
Valuation
LowReal ValueHigh
14,82514,82818,479
Details
Naive
Forecast
LowNext ValueHigh
18,30818,31118,315
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14,87716,96219,046
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Wrapped Bitcoin. Your research has to be compared to or analyzed against Wrapped Bitcoin's peers to derive any actionable benefits. When done correctly, Wrapped Bitcoin'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 Wrapped Bitcoin.

Wrapped Bitcoin Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Wrapped Bitcoin and its competitors represents the degree of relationship between the price movements of corresponding cryptos. A correlation of about +1.0 implies that the price of Wrapped and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Wrapped Bitcoin does not affect the price movement of the other competitor.

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

Nowadays, there is a big difference between Wrapped Crypto Coin performing well and Wrapped Bitcoin cryptocurrency doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Wrapped Bitcoin's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
XRP 3.99  0.40  0.04 (0.50)  4.72  0.0447 (6.63)  9.09 (8.16)  45.15 
MATIC 4.61  0.40  0.04 (0.47)  5.69  0.0365 (5.99)  10.71 (11.32)  49.59 
SOL 4.79 (0.89)  0.00  1.01  0.00 (0.12)  0.00  9.37 (7.10)  51.25 
LINK 3.86  0.09 (0.01) (0.04)  6.22 (0.007) (3.68)  6.59 (10.97)  32.54 
DOT 2.67 (0.42)  0.00  3.31  0.00 (0.12)  0.00  5.06 (9.13)  24.51 
UNI 4.30  0.20  0.01 (0.22)  7.22  0.0127 (4.00)  9.25 (9.45)  30.79 
STETH 3.16 (0.29)  0.00  1.38  0.00 (0.08)  0.00  7.42 (9.69)  29.82 
AVAX 3.41 (0.39)  0.00  1.28  0.00 (0.09)  0.00  7.01 (8.33)  28.25 
OKB 2.83  0.46  0.09 (1.42)  3.46  0.08 (3.00)  6.05 (4.63)  39.21 
DAI 0.03 (0.01)  0.00 (8.21)  0.00 (0.46)  0.00  0.00  0.00  1.99 

Wrapped Bitcoin Competitive Analysis

The better you understand Wrapped Bitcoin competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Wrapped Bitcoin's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Wrapped Bitcoin's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
WBTCXRPMATICSOLLINKDOTUNISTETHAVAXOKB
 0.0121 
 16,799 
Wrapped
 2.56 
 0.38 
XRP
 2.17 
 0.90 
Polygon
 0.22 
 13.47 
Solana
 0.29 
 6.86 
Chainlink
 3.82 
 5.29 
Polkadot
 0.17 
 5.99 
Uniswap
 1.14 
 1,204 
Staked
 0.08 
 13.26 
Avalanche
 0.14 
 20.94 
OKB
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Performance)
Odds of Financial Distress
(Probability Of Bankruptcy)
Current Valuation
(Equity Enterprise Value)
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Coefficient Of Variation
Mean Deviation
Jensen Alpha
Total Risk Alpha
Sortino Ratio
Downside Variance
Standard Deviation
Kurtosis
Potential Upside
Treynor Ratio
Maximum Drawdown
Variance
Market Risk Adjusted Performance
Risk Adjusted Performance
Skewness
Semi Deviation
Information Ratio
Value At Risk
Expected Short fall
Downside Deviation
Semi Variance

Wrapped Bitcoin Competition Performance Charts

Complement your Wrapped Bitcoin position

In addition to having Wrapped Bitcoin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Russia On Wall Street Thematic Idea Now

Russia On Wall Street
Russia On Wall Street Theme
Cross-sector and cross-instrument bundle of publicly traded Russian entities that are expected to be listed on USA exchanges or over the counter. The Russia On Wall Street theme has 16 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Russia On Wall Street Theme or any other thematic opportunities.
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Check out Wrapped Bitcoin Correlation with its peers. You can also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Other Tools for Wrapped Crypto Coin

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

USD 16,799  2.04  0.0121%   

Wrapped Bitcoin competes with XRP, Polygon, Solana, Chainlink, and Polkadot; as well as few others. The company operates under Blockchain sector and is part of Cryptocurrency industry. Analyzing Wrapped Bitcoin competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Wrapped Bitcoin to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Wrapped Bitcoin competition on your existing holdings. Check out Wrapped Bitcoin Correlation with its peers.