LET Market Value
| LET Crypto | USD 0.0005 0.00 0.00% |
| Symbol | LET |
LET '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 LET's crypto coin 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 LET.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in LET on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding LET or generate 0.0% return on investment in LET over 90 days. LET is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, and DIA. LET is peer-to-peer digital currency powered by the Blockchain technology.
LET 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 LET's crypto coin 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 LET upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 2.13 | |||
| Maximum Drawdown | 0.3756 |
LET Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LET's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LET's standard deviation. In reality, there are many statistical measures that can use LET historical prices to predict the future LET's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | 0.6986 |
LET Backtested Returns
At this point, LET is relatively risky. LET has Sharpe Ratio of close to zero, which conveys that digital coin had a close to zero % return per unit of standard deviation over the last 3 months. We have found sixteen technical indicators for LET, which you can use to evaluate the volatility of coin. Please verify LET's Market Risk Adjusted Performance of 0.7086, risk adjusted performance of (0.18), and Mean Deviation of 0.0114 to check out if the risk estimate we provide is consistent with the expected return of 0.0%. The crypto secures a Beta (Market Risk) of -0.0143, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LET are expected to decrease at a much lower rate. During the bear market, LET is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
LET has no correlation between past and present. Overlapping area represents the amount of predictability between LET 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 LET price movement. The serial correlation of 0.0 indicates that just 0.0% of current LET price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LET lagged returns against current returns
Autocorrelation, which is LET crypto coin'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 LET's crypto coin expected returns. We can calculate the autocorrelation of LET returns to help us make a trade decision. For example, suppose you find that LET has exhibited high autocorrelation historically, and you observe that the crypto coin 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 |
LET 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 LET crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LET crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LET crypto coin over time.
Current vs Lagged Prices |
| Timeline |
LET Lagged Returns
When evaluating LET's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LET crypto coin have on its future price. LET 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, LET autocorrelation shows the relationship between LET crypto coin current value and its past values and can show if there is a momentum factor associated with investing in LET.
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.When determining whether LET offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LET's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Let Crypto.Check out LET Correlation, LET Volatility and Investing Opportunities module to complement your research on LET. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
LET technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.