21Shares Ethereum (Switzerland) Market Value
| AETH-USD | USD 39.55 0.92 2.27% |
| Symbol | 21Shares |
Please note, there is a significant difference between 21Shares Ethereum's value and its price as these two are different measures arrived at by different means. Investors typically determine if 21Shares Ethereum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 21Shares Ethereum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
21Shares Ethereum '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 Ethereum'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 Ethereum.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in 21Shares Ethereum on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding 21Shares Ethereum Staking or generate 0.0% return on investment in 21Shares Ethereum over 30 days. 21Shares Ethereum is related to or competes with UBSFund Solutions, Vanguard, IShares Core, Lyxor Japan, IShares Core, IShares SP, and IShares JP. More
21Shares Ethereum 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 Ethereum'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 Ethereum Staking upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.05 | |||
| Information Ratio | 0.1347 | |||
| Maximum Drawdown | 18.29 | |||
| Value At Risk | (5.40) | |||
| Potential Upside | 7.45 |
21Shares Ethereum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Ethereum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Ethereum's standard deviation. In reality, there are many statistical measures that can use 21Shares Ethereum historical prices to predict the future 21Shares Ethereum's volatility.| Risk Adjusted Performance | 0.1334 | |||
| Jensen Alpha | 0.4512 | |||
| Total Risk Alpha | 0.1004 | |||
| Sortino Ratio | 0.1684 | |||
| Treynor Ratio | 0.3836 |
21Shares Ethereum Staking Backtested Returns
21Shares Ethereum appears to be very steady, given 3 months investment horizon. 21Shares Ethereum Staking secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the etf had a 0.18% return per unit of risk over the last 3 months. By inspecting 21Shares Ethereum's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please makes use of 21Shares Ethereum's coefficient of variation of 608.51, and Mean Deviation of 3.08 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of 1.61, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, 21Shares Ethereum will likely underperform.
Auto-correlation | 0.79 |
Good predictability
21Shares Ethereum Staking has good predictability. Overlapping area represents the amount of predictability between 21Shares Ethereum time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. 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 Ethereum Staking price movement. The serial correlation of 0.79 indicates that around 79.0% of current 21Shares Ethereum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 4.23 |
21Shares Ethereum Staking lagged returns against current returns
Autocorrelation, which is 21Shares Ethereum 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 Ethereum's etf expected returns. We can calculate the autocorrelation of 21Shares Ethereum returns to help us make a trade decision. For example, suppose you find that 21Shares Ethereum 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 Ethereum 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 Ethereum etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Ethereum etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Ethereum etf over time.
Current vs Lagged Prices |
| Timeline |
21Shares Ethereum Lagged Returns
When evaluating 21Shares Ethereum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Ethereum etf have on its future price. 21Shares Ethereum 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 Ethereum autocorrelation shows the relationship between 21Shares Ethereum etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Ethereum Staking.
Regressed Prices |
| Timeline |
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.Other Information on Investing in 21Shares Etf
21Shares Ethereum financial ratios help investors to determine whether 21Shares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 21Shares with respect to the benefits of owning 21Shares Ethereum security.