Wrapped Bitcoin Market Value

WBTC
 Crypto
  

USD 17,150  178.51  1.05%   

Wrapped Bitcoin's market value is the price at which a share of Wrapped Bitcoin stock trades on a public exchange. It measures the collective expectations of Wrapped Bitcoin investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Wrapped Bitcoin and determine expected loss or profit from investing in Wrapped Bitcoin over a given investment horizon. Check out Wrapped Bitcoin Correlation, Wrapped Bitcoin Volatility and Investing Opportunities module to complement your research on Wrapped Bitcoin.
Symbol


Please note, there is a significant difference between Wrapped Bitcoin's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Wrapped Bitcoin value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Wrapped Bitcoin's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

Wrapped Bitcoin '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 Wrapped Bitcoin'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 Wrapped Bitcoin.
0.00
02/05/2022
No Change 0.00  0.0 
In 9 months and 27 days
12/02/2022
0.00
If you would invest  0.00  in Wrapped Bitcoin on February 5, 2022 and sell it all today you would earn a total of 0.00 from holding Wrapped Bitcoin or generate 0.0% return on investment in Wrapped Bitcoin over 300 days. Wrapped Bitcoin is related to or competes with XRP, Polygon, Chainlink, Solana, Polkadot, Uniswap Protocol, and OKB. Wrapped Bitcoin is peer-to-peer digital currency powered by the Blockchain technology.

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

Wrapped Bitcoin Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Wrapped Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wrapped Bitcoin's standard deviation. In reality, there are many statistical measures that can use Wrapped Bitcoin historical prices to predict the future Wrapped Bitcoin's volatility.
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
17,14617,15017,154
Details
Intrinsic
Valuation
LowReal ValueHigh
15,05115,05518,865
Details
Naive
Forecast
LowNext ValueHigh
18,52418,52818,532
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14,19617,56220,928
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 Backtested Returns

Wrapped Bitcoin shows Sharpe Ratio of -0.0213, which attests that digital coin had -0.0213% of return per unit of risk over the last 3 months. Macroaxis standpoint towards determining 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. Wrapped Bitcoin exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Wrapped Bitcoin mean deviation of 2.33, and Market Risk Adjusted Performance of 0.7454 to validate the risk estimate we provide.
The entity maintains a market beta of -0.2425, which attests to not very significant fluctuations relative to the market. Let's try to break down what Wrapped's beta means in this case. As returns on the market increase, returns on owning Wrapped Bitcoin are expected to decrease at a much lower rate. During the bear market, Wrapped Bitcoin is likely to outperform the market. Even though it is essential to pay attention to Wrapped Bitcoin historical price patterns, it is always good to be careful when utilizing equity current price history. Our philosophy towards determining 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. Wrapped Bitcoin exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.72  

Good predictability

Wrapped Bitcoin has good predictability. Overlapping area represents the amount of predictability between Wrapped Bitcoin time series from 5th of February 2022 to 5th of July 2022 and 5th of July 2022 to 2nd of December 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 Wrapped Bitcoin price movement. The serial correlation of 0.72 indicates that around 72.0% of current Wrapped Bitcoin price fluctuation can be explain by its past prices.
Correlation Coefficient0.72
Spearman Rank Test0.65
Residual Average0.0
Price Variance4675404.86

Wrapped Bitcoin lagged returns against current returns

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

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

Wrapped Bitcoin Lagged Returns

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

Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Wrapped Bitcoin in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out Wrapped Bitcoin Correlation, Wrapped Bitcoin Volatility and Investing Opportunities module to complement your research on Wrapped Bitcoin. You can also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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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