21Shares Ripple (Switzerland) Market Value
| AXRP Etf | CHF 57.63 1.52 2.71% |
| Symbol | 21Shares |
Please note, there is a significant difference between 21Shares Ripple's value and its price as these two are different measures arrived at by different means. Investors typically determine if 21Shares Ripple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 21Shares Ripple'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 Ripple '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 Ripple'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 Ripple.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in 21Shares Ripple on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding 21Shares Ripple XRP or generate 0.0% return on investment in 21Shares Ripple over 90 days. 21Shares Ripple is traded on Switzerland Exchange in Switzerland. More
21Shares Ripple 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 Ripple'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 Ripple XRP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.67 | |||
| Information Ratio | 0.0455 | |||
| Maximum Drawdown | 39.65 | |||
| Value At Risk | (10.93) | |||
| Potential Upside | 15.87 |
21Shares Ripple Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Ripple's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Ripple's standard deviation. In reality, there are many statistical measures that can use 21Shares Ripple historical prices to predict the future 21Shares Ripple's volatility.| Risk Adjusted Performance | 0.0372 | |||
| Jensen Alpha | 0.2872 | |||
| Total Risk Alpha | 1.2 | |||
| Sortino Ratio | 0.0522 | |||
| Treynor Ratio | 0.5373 |
21Shares Ripple XRP Backtested Returns
At this stage we consider 21Shares Etf to be not too volatile. 21Shares Ripple XRP secures Sharpe Ratio (or Efficiency) of 0.0245, which signifies that the etf had a 0.0245 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for 21Shares Ripple XRP, which you can use to evaluate the volatility of the entity. Please confirm 21Shares Ripple's mean deviation of 5.41, and Coefficient Of Variation of 3075.82 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. The entity shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 21Shares Ripple's returns are expected to increase less than the market. However, during the bear market, the loss of holding 21Shares Ripple is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
21Shares Ripple XRP has modest reverse predictability. Overlapping area represents the amount of predictability between 21Shares Ripple time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Ripple XRP price movement. The serial correlation of -0.46 indicates that about 46.0% of current 21Shares Ripple price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 39.28 |
21Shares Ripple XRP lagged returns against current returns
Autocorrelation, which is 21Shares Ripple 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 Ripple's etf expected returns. We can calculate the autocorrelation of 21Shares Ripple returns to help us make a trade decision. For example, suppose you find that 21Shares Ripple 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 Ripple 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 Ripple etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Ripple etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Ripple etf over time.
Current vs Lagged Prices |
| Timeline |
21Shares Ripple Lagged Returns
When evaluating 21Shares Ripple's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Ripple etf have on its future price. 21Shares Ripple 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 Ripple autocorrelation shows the relationship between 21Shares Ripple etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Ripple XRP.
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 Ripple 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 Ripple security.