21Shares Crypto's market value is the price at which a share of 21Shares Crypto trades on a public exchange. It measures the collective expectations of 21Shares Crypto Mid Cap investors about its performance. 21Shares Crypto is trading at 17.37 as of the 29th of November 2024, a 3.58% increase since the beginning of the trading day. The etf's open price was 16.77. With this module, you can estimate the performance of a buy and hold strategy of 21Shares Crypto Mid Cap and determine expected loss or profit from investing in 21Shares Crypto 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 Crypto '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 Crypto'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 Crypto.
0.00
01/09/2023
No Change 0.00
0.0
In 1 year 10 months and 22 days
11/29/2024
0.00
If you would invest 0.00 in 21Shares Crypto on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding 21Shares Crypto Mid Cap or generate 0.0% return on investment in 21Shares Crypto over 690 days.
21Shares Crypto 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 Crypto'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 Crypto Mid Cap 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 Crypto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Crypto's standard deviation. In reality, there are many statistical measures that can use 21Shares Crypto historical prices to predict the future 21Shares Crypto's volatility.
21Shares Crypto appears to be not too volatile, given 3 months investment horizon. 21Shares Crypto Mid secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the etf had a 0.28% return per unit of risk over the last 3 months. By inspecting 21Shares Crypto's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please makes use of 21Shares Crypto's coefficient of variation of 364.12, and Mean Deviation of 2.31 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of 1.26, 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 Crypto will likely underperform.
Auto-correlation
0.15
Insignificant predictability
21Shares Crypto Mid Cap has insignificant predictability. Overlapping area represents the amount of predictability between 21Shares Crypto time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 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 Crypto Mid price movement. The serial correlation of 0.15 indicates that less than 15.0% of current 21Shares Crypto price fluctuation can be explain by its past prices.
Correlation Coefficient
0.15
Spearman Rank Test
-0.18
Residual Average
0.0
Price Variance
2.07
21Shares Crypto Mid lagged returns against current returns
Autocorrelation, which is 21Shares Crypto 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 Crypto's etf expected returns. We can calculate the autocorrelation of 21Shares Crypto returns to help us make a trade decision. For example, suppose you find that 21Shares Crypto 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 Crypto 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 Crypto etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Crypto etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Crypto etf over time.
Current vs Lagged Prices
Timeline
21Shares Crypto Lagged Returns
When evaluating 21Shares Crypto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Crypto etf have on its future price. 21Shares Crypto 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 Crypto autocorrelation shows the relationship between 21Shares Crypto etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Crypto Mid Cap.
Regressed Prices
Timeline
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