Brazilian Digital Market Value

BRZ
 Crypto
  

USD 0.19  0.00  0.00%   

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


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

Brazilian Digital '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 Brazilian Digital'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 Brazilian Digital.
0.00
05/31/2022
No Change 0.00  0.0 
In 30 days
06/30/2022
0.00
If you would invest  0.00  in Brazilian Digital on May 31, 2022 and sell it all today you would earn a total of 0.00 from holding Brazilian Digital Token or generate 0.0% return on investment in Brazilian Digital over 30 days. Brazilian Digital is related to or competes with XRP, Solana, Polkadot, FTX Token, Avalanche, Dai, and Chainlink. Brazilian Digital Token is peer-to-peer digital currency powered by the Blockchain technologyMore

Brazilian Digital 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 Brazilian Digital'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 Brazilian Digital Token upside and downside potential and time the market with a certain degree of confidence.

Brazilian Digital Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Brazilian Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brazilian Digital's standard deviation. In reality, there are many statistical measures that can use Brazilian Digital historical prices to predict the future Brazilian Digital's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Brazilian Digital'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 Brazilian Digital in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.010.1959.69
Details
Intrinsic
Valuation
LowReal ValueHigh
0.020.3459.84
Details
Naive
Forecast
LowNext ValueHigh
0.0063090.32105.24
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
-0.170.270.72
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Brazilian Digital. Your research has to be compared to or analyzed against Brazilian Digital's peers to derive any actionable benefits. When done correctly, Brazilian Digital'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 Brazilian Digital Token.

Brazilian Digital Token Backtested Returns

Brazilian Digital is abnormally risky given 3 months investment horizon. Brazilian Digital Token secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that digital coin had 0.12% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a crypto is to use Brazilian Digital Token market data together with coin specific technical indicators. We were able to interpolate data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 12.99% are justified by taking the suggested risk. Use Brazilian Digital risk adjusted performance of 0.2, and Mean Deviation of 37.01 to evaluate coin specific risk that cannot be diversified away.
The crypto shows a Beta (market volatility) of 2.4858, which signifies a somewhat significant risk relative to the market. Let's try to break down what Brazilian's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Brazilian Digital will likely underperform. Although it is essential to pay attention to Brazilian Digital Token historical returns, it is also good to be reasonable about what you can do with equity current trending patterns. Our philosophy in foreseeing future potential of any crypto is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if Brazilian Digital Token expected return of 12.99 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable.

Auto-correlation

    
  -0.59  

Good reverse predictability

Brazilian Digital Token has good reverse predictability. Overlapping area represents the amount of predictability between Brazilian Digital time series from 31st of May 2022 to 15th of June 2022 and 15th of June 2022 to 30th of June 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 Brazilian Digital Token price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Brazilian Digital price fluctuation can be explain by its past prices.
Correlation Coefficient-0.59
Spearman Rank Test-0.85
Residual Average0.0
Price Variance0.0

Brazilian Digital Token lagged returns against current returns

Autocorrelation, which is Brazilian Digital 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 Brazilian Digital's crypto coin expected returns. We can calculate the autocorrelation of Brazilian Digital returns to help us make a trade decision. For example, suppose you find that Brazilian Digital 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 

Brazilian Digital 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 Brazilian Digital crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brazilian Digital crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brazilian Digital crypto coin over time.
 Current vs Lagged Prices 
Share
      Timeline 

Brazilian Digital Lagged Returns

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

Brazilian Digital Investors Sentiment

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

Current Sentiment - BRZ

Brazilian Digital Token Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in Brazilian Digital Token. What is your opinion about investing in Brazilian Digital Token? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Pair Trading with Brazilian Digital

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 Brazilian Digital 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 Brazilian Digital will appreciate offsetting losses from the drop in the long position's value.

Brazilian Digital Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Brazilian Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brazilian Digital 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 Brazilian Digital - 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 Brazilian Digital Token to buy it.
The correlation of Brazilian Digital 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 Brazilian Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brazilian Digital 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 Brazilian Digital 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, Brazilian Digital Correlation, Portfolio Optimization, Brazilian Digital Volatility, as well as analyze Investing Opportunities and Brazilian Digital Performance. Note that the Brazilian Digital Token information on this page should be used as a complementary analysis to other Brazilian Digital'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Other Tools for Brazilian Crypto Coin

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