3iq Coinshares Ether Etf Market Value

ETHQ Etf  CAD 13.13  0.87  6.21%   
3iQ CoinShares' market value is the price at which a share of 3iQ CoinShares trades on a public exchange. It measures the collective expectations of 3iQ CoinShares Ether investors about its performance. 3iQ CoinShares is selling at 13.13 as of the 27th of February 2025; that is 6.21 percent decrease since the beginning of the trading day. The etf's open price was 14.0.
With this module, you can estimate the performance of a buy and hold strategy of 3iQ CoinShares Ether and determine expected loss or profit from investing in 3iQ CoinShares over a given investment horizon. Check out 3iQ CoinShares Correlation, 3iQ CoinShares Volatility and 3iQ CoinShares Alpha and Beta module to complement your research on 3iQ CoinShares.
Symbol

Please note, there is a significant difference between 3iQ CoinShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if 3iQ CoinShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3iQ CoinShares' 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.

3iQ CoinShares '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 3iQ CoinShares' 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 3iQ CoinShares.
0.00
11/29/2024
No Change 0.00  0.0 
In 3 months and 1 day
02/27/2025
0.00
If you would invest  0.00  in 3iQ CoinShares on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding 3iQ CoinShares Ether or generate 0.0% return on investment in 3iQ CoinShares over 90 days. 3iQ CoinShares is related to or competes with 3iQ Bitcoin, NBI High, NBI Unconstrained, Mackenzie Developed, BMO Short, and BMO Canadian. 3IQ COINSHARES is traded on Toronto Stock Exchange in Canada. More

3iQ CoinShares 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 3iQ CoinShares' 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 3iQ CoinShares Ether upside and downside potential and time the market with a certain degree of confidence.

3iQ CoinShares Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for 3iQ CoinShares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 3iQ CoinShares' standard deviation. In reality, there are many statistical measures that can use 3iQ CoinShares historical prices to predict the future 3iQ CoinShares' volatility.
Hype
Prediction
LowEstimatedHigh
8.6313.2717.91
Details
Intrinsic
Valuation
LowRealHigh
8.4713.1117.75
Details
Naive
Forecast
LowNextHigh
9.7814.4319.07
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.6315.4318.22
Details

3iQ CoinShares Ether Backtested Returns

3iQ CoinShares Ether secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the etf had a -0.12 % return per unit of risk over the last 3 months. 3iQ CoinShares Ether exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 3iQ CoinShares' Risk Adjusted Performance of (0.05), standard deviation of 4.73, and Mean Deviation of 3.63 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 1.01, which signifies a somewhat significant risk relative to the market. 3iQ CoinShares returns are very sensitive to returns on the market. As the market goes up or down, 3iQ CoinShares is expected to follow.

Auto-correlation

    
  0.65  

Good predictability

3iQ CoinShares Ether has good predictability. Overlapping area represents the amount of predictability between 3iQ CoinShares time series from 29th of November 2024 to 13th of January 2025 and 13th of January 2025 to 27th of February 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 3iQ CoinShares Ether price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current 3iQ CoinShares price fluctuation can be explain by its past prices.
Correlation Coefficient0.65
Spearman Rank Test0.6
Residual Average0.0
Price Variance3.21

3iQ CoinShares Ether lagged returns against current returns

Autocorrelation, which is 3iQ CoinShares 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 3iQ CoinShares' etf expected returns. We can calculate the autocorrelation of 3iQ CoinShares returns to help us make a trade decision. For example, suppose you find that 3iQ CoinShares 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  

3iQ CoinShares 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 3iQ CoinShares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 3iQ CoinShares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 3iQ CoinShares etf over time.
   Current vs Lagged Prices   
       Timeline  

3iQ CoinShares Lagged Returns

When evaluating 3iQ CoinShares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 3iQ CoinShares etf have on its future price. 3iQ CoinShares 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, 3iQ CoinShares autocorrelation shows the relationship between 3iQ CoinShares etf current value and its past values and can show if there is a momentum factor associated with investing in 3iQ CoinShares Ether.
   Regressed Prices   
       Timeline  

Pair Trading with 3iQ CoinShares

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 3iQ CoinShares position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 3iQ CoinShares will appreciate offsetting losses from the drop in the long position's value.

Moving against 3iQ Etf

  0.85MNT Royal Canadian MintPairCorr
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  0.37BITI BetaPro Inverse BitcoinPairCorr
The ability to find closely correlated positions to 3iQ CoinShares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 3iQ CoinShares when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 3iQ CoinShares - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 3iQ CoinShares Ether to buy it.
The correlation of 3iQ CoinShares is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 3iQ CoinShares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 3iQ CoinShares Ether moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 3iQ CoinShares can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in 3iQ Etf

3iQ CoinShares financial ratios help investors to determine whether 3iQ 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 3iQ with respect to the benefits of owning 3iQ CoinShares security.