– Data Preparation from Stack Overflow: link
– language: Python
– Example code for Stock Market Project, Inspired by Jose Portilla’s Github Repo
The Monte Carlo simulation shows that we will have between $5600 to $9000 range.
The most interesting part is here. If we look 10% empirical quantile of the final price distribution to estimate the Value at Risk for the Bitcoin price, which looks to be $925.49 for every investment of $6837.31, which accounts for 13.5% of the investment.
This means that for every initial coin you purchase at 6837.31, $925 is at risk 90% of the time from Monte Carlo Simulation.