21Shares Bytetree's market value is the price at which a share of 21Shares Bytetree trades on a public exchange. It measures the collective expectations of 21Shares Bytetree BOLD investors about its performance. 21Shares Bytetree is selling for under 30.51 as of the 4th of December 2024; that is 1.2% down since the beginning of the trading day. The etf's lowest day price was 30.51. With this module, you can estimate the performance of a buy and hold strategy of 21Shares Bytetree BOLD and determine expected loss or profit from investing in 21Shares Bytetree 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 Bytetree '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 Bytetree'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 Bytetree.
0.00
11/04/2024
No Change 0.00
0.0
In 30 days
12/04/2024
0.00
If you would invest 0.00 in 21Shares Bytetree on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding 21Shares Bytetree BOLD or generate 0.0% return on investment in 21Shares Bytetree over 30 days.
21Shares Bytetree 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 Bytetree'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 Bytetree BOLD 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 Bytetree's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Bytetree's standard deviation. In reality, there are many statistical measures that can use 21Shares Bytetree historical prices to predict the future 21Shares Bytetree's volatility.
21Shares Bytetree appears to be very steady, given 3 months investment horizon. 21Shares Bytetree BOLD secures Sharpe Ratio (or Efficiency) of 0.36, which signifies that the etf had a 0.36% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for 21Shares Bytetree BOLD, which you can use to evaluate the volatility of the entity. Please makes use of 21Shares Bytetree's coefficient of variation of 292.78, and Mean Deviation of 0.7191 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 21Shares Bytetree's returns are expected to increase less than the market. However, during the bear market, the loss of holding 21Shares Bytetree is expected to be smaller as well.
Auto-correlation
-0.19
Insignificant reverse predictability
21Shares Bytetree BOLD has insignificant reverse predictability. Overlapping area represents the amount of predictability between 21Shares Bytetree 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 Bytetree BOLD price movement. The serial correlation of -0.19 indicates that over 19.0% of current 21Shares Bytetree price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.19
Spearman Rank Test
-0.15
Residual Average
0.0
Price Variance
0.17
21Shares Bytetree BOLD lagged returns against current returns
Autocorrelation, which is 21Shares Bytetree 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 Bytetree's etf expected returns. We can calculate the autocorrelation of 21Shares Bytetree returns to help us make a trade decision. For example, suppose you find that 21Shares Bytetree 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 Bytetree 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 Bytetree etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Bytetree etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Bytetree etf over time.
Current vs Lagged Prices
Timeline
21Shares Bytetree Lagged Returns
When evaluating 21Shares Bytetree's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Bytetree etf have on its future price. 21Shares Bytetree 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 Bytetree autocorrelation shows the relationship between 21Shares Bytetree etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Bytetree BOLD.
Regressed Prices
Timeline
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