21Shares Arbitrum's market value is the price at which a share of 21Shares Arbitrum trades on a public exchange. It measures the collective expectations of 21Shares Arbitrum ETP investors about its performance. 21Shares Arbitrum is selling for under 13.94 as of the 10th of January 2025; that is 3.33% down since the beginning of the trading day. The etf's lowest day price was 13.77. With this module, you can estimate the performance of a buy and hold strategy of 21Shares Arbitrum ETP and determine expected loss or profit from investing in 21Shares Arbitrum over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
21Shares
21Shares Arbitrum '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 21Shares Arbitrum's etf 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 21Shares Arbitrum.
0.00
12/11/2024
No Change 0.00
0.0
In 30 days
01/10/2025
0.00
If you would invest 0.00 in 21Shares Arbitrum on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding 21Shares Arbitrum ETP or generate 0.0% return on investment in 21Shares Arbitrum over 30 days.
21Shares Arbitrum 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 21Shares Arbitrum's etf 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 21Shares Arbitrum ETP upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Arbitrum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Arbitrum's standard deviation. In reality, there are many statistical measures that can use 21Shares Arbitrum historical prices to predict the future 21Shares Arbitrum's volatility.
21Shares Arbitrum appears to be slightly risky, given 3 months investment horizon. 21Shares Arbitrum ETP secures Sharpe Ratio (or Efficiency) of 0.0993, which signifies that the etf had a 0.0993% return per unit of risk over the last 3 months. By inspecting 21Shares Arbitrum's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please makes use of 21Shares Arbitrum's coefficient of variation of 1246.14, and Mean Deviation of 5.02 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 21Shares Arbitrum's returns are expected to increase less than the market. However, during the bear market, the loss of holding 21Shares Arbitrum is expected to be smaller as well.
Auto-correlation
-0.36
Poor reverse predictability
21Shares Arbitrum ETP has poor reverse predictability. Overlapping area represents the amount of predictability between 21Shares Arbitrum time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 21Shares Arbitrum ETP price movement. The serial correlation of -0.36 indicates that just about 36.0% of current 21Shares Arbitrum price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.36
Spearman Rank Test
-0.72
Residual Average
0.0
Price Variance
1.53
21Shares Arbitrum ETP lagged returns against current returns
Autocorrelation, which is 21Shares Arbitrum etf'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 21Shares Arbitrum's etf expected returns. We can calculate the autocorrelation of 21Shares Arbitrum returns to help us make a trade decision. For example, suppose you find that 21Shares Arbitrum has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
21Shares Arbitrum 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 21Shares Arbitrum etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Arbitrum etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Arbitrum etf over time.
Current vs Lagged Prices
Timeline
21Shares Arbitrum Lagged Returns
When evaluating 21Shares Arbitrum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Arbitrum etf have on its future price. 21Shares Arbitrum 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, 21Shares Arbitrum autocorrelation shows the relationship between 21Shares Arbitrum etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Arbitrum ETP.
Regressed Prices
Timeline
Thematic Opportunities
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