Basic Attention Market Value

BAT
 Crypto
  

USD 0.41  0.01  2.50%   

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 Bitcoin Browser, Basic Attention Correlation, Portfolio Optimization, Basic Attention Volatility, as well as analyze Investing Opportunities and Basic Attention Performance.
Symbol
Backtest


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

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
05/05/2022
No Change 0.00  0.0 
In 2 months and 1 day
07/04/2022
0.00
If you would invest  0.00  in Basic Attention on May 5, 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 60 days. Basic Attention is related to or competes with XRP, Solana, Polkadot, FTX Token, Avalanche, Dai, and Chainlink. Basic Attention Token is peer-to-peer digital currency powered by the Blockchain technologyMore

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
0.020.418.12
Details
Intrinsic
Valuation
LowReal ValueHigh
0.020.408.11
Details
Naive
Forecast
LowNext ValueHigh
0.0091070.468.16
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.230.420.61
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 Token secures Sharpe Ratio (or Efficiency) of -0.0829, which signifies that digital coin had -0.0829% of return per unit of risk over the last 3 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. Basic Attention Token exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Basic Attention Token mean deviation of 5.74, and Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide.
The crypto shows a Beta (market volatility) of 0.021, which signifies not very significant fluctuations relative to the market. Let's try to break down what Basic's beta means in this case. As returns on the market increase, Basic Attention returns are expected to increase less than the market. However, during the bear market, the loss on holding Basic Attention will be expected to be smaller as well. Even though it is essential to pay attention to Basic Attention Token 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. Basic Attention Token exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.20  

Weak predictability

Basic Attention Token has weak predictability. Overlapping area represents the amount of predictability between Basic Attention time series from 5th of May 2022 to 4th of June 2022 and 4th of June 2022 to 4th of July 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 0.2 indicates that over 20.0% of current Basic Attention price fluctuation can be explain by its past prices.
Correlation Coefficient0.2
Spearman Rank Test-0.15
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 
Share
      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 
Share
      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 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Basic Attention without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Piotroski F Score Now

   

Piotroski F Score

Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
All  Next Launch Module

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.

Basic Attention Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Bitcoin Browser, Basic Attention Correlation, Portfolio Optimization, Basic Attention Volatility, as well as analyze Investing Opportunities and Basic Attention Performance. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Other Tools for Basic Crypto Coin

When running Basic Attention Token price analysis, check to measure Basic Attention'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 Basic Attention is operating at the current time. Most of Basic Attention's value examination focuses on studying past and present price action to predict the probability of Basic Attention's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Basic Attention's price. Additionally, you may evaluate how the addition of Basic Attention to your portfolios can decrease your overall portfolio volatility.
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go