What is the z score for bitcoin?

3 answers

• Tyrone HarperMar 02, 2024 · a year ago
  The z score for bitcoin is a statistical measure that indicates how far away a particular bitcoin price is from the mean price. It is calculated by subtracting the mean price from the observed price and then dividing the result by the standard deviation. The z score can help identify outliers or extreme price movements in bitcoin, which can be useful for traders and investors in understanding the volatility of the cryptocurrency market.
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• SaritahahaFeb 09, 2024 · 2 years ago
  The z score for bitcoin is a way to measure the relative value of bitcoin compared to its historical price movements. It can be calculated by taking the difference between the current price and the average price over a specific period of time, and then dividing that difference by the standard deviation of the price over the same period. This score can give traders an idea of whether bitcoin is overvalued or undervalued based on its historical price patterns.
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• Corneliussen KristoffersenJul 13, 2024 · a year ago
  The z score for bitcoin is a metric that BYDFi uses to assess the risk and volatility of bitcoin. It helps us understand how the current price of bitcoin compares to its historical price movements. By analyzing the z score, we can make more informed decisions about trading and investing in bitcoin. It's important to note that the z score is just one of the many factors we consider when evaluating the market.
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