Coinfarcast, your market analyst.
Simulate the market, back test your model and predict prices in 3 mouse clicks
Coinfarcast.com provides state-of-the-art analytics using Big Data and AI with a focus on market sentiment analysis.
Why are we different
Coinfarcast allows you to combine extensive data about the market in one mathematical formula
Market Psychology Big Data
Available• Millions of traders’ reactions on social media.
Planned• Global and market news feed and articles.
• Experts’ price analysis articles.
Extensive market data
Available• Tens of technical and fundamental indicators.
• Minute by minute historical price and volume history.
Planned• Stock market indicators and commodity prices.
Scientific, objective & straightforward
We fight subjective & pseudo-scientific analysis
• Transparent prediction back-testing.
• Advanced prediction accuracy statistics.
How it works
1. Choose your model settings.
2. Calculate a mathematical model.
3. Evaluate model back-testing results.
4. Get model prediction accuracy.
5. Use the forecasts or create a new model.
How to read modelling results
Don’t take predictions from any model. As the saying goes “All models are wrong”. You are only looking for an “Adequate” model.
1. In the “Price deviation” graph, don’t consider any model until you find small and consistent deviation. The graph calculates how far the predicted prices deviate from the actual prices. Below 2% deviation is small.
2. Directional accuracy is a value between 0 and 1. Best is 1 while above 0.66 is just acceptable.
3. Correlation should only be used if the Actual (not the predicted) price movement is more similar to a straight line (So, linear). The higher correlation, the better.
4. Average price deviation: this is an average of the “Price Deviation” chart.
Take the forecasts or create a new model.
5. Only when you have an “Adequate” model, you can use the forecasts of this model while expecting a deviation equal to plus/minus average back-testing price deviation.
We Need Your Opinion
We are currently in a Beta test from Apeil to June 2021. Some features are free and we will open the other features for later for a testing period. We ae looking forward to hear your opinions about the service.
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