21Shares Decentraland's market value is the price at which a share of 21Shares Decentraland trades on a public exchange. It measures the collective expectations of 21Shares Decentraland ETP investors about its performance. 21Shares Decentraland is trading at 3.37 as of the 27th of February 2025, a No Change since the beginning of the trading day. The etf's open price was 3.37. With this module, you can estimate the performance of a buy and hold strategy of 21Shares Decentraland ETP and determine expected loss or profit from investing in 21Shares Decentraland over a given investment horizon. Check out Correlation Analysis 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 Decentraland '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 Decentraland'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 Decentraland.
0.00
03/10/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
02/27/2025
0.00
If you would invest 0.00 in 21Shares Decentraland on March 10, 2023 and sell it all today you would earn a total of 0.00 from holding 21Shares Decentraland ETP or generate 0.0% return on investment in 21Shares Decentraland over 720 days.
21Shares Decentraland 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 Decentraland'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 Decentraland ETP 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 Decentraland's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Decentraland's standard deviation. In reality, there are many statistical measures that can use 21Shares Decentraland historical prices to predict the future 21Shares Decentraland's volatility.
At this point, 21Shares Decentraland is risky. 21Shares Decentraland ETP secures Sharpe Ratio (or Efficiency) of 0.0231, which signifies that the etf had a 0.0231 % return per unit of risk over the last 3 months. We have found twenty-five technical indicators for 21Shares Decentraland ETP, which you can use to evaluate the volatility of the entity. Please confirm 21Shares Decentraland's coefficient of variation of 847.1, and Mean Deviation of 3.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.0965%. The entity shows a Beta (market volatility) of 1.96, 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 Decentraland will likely underperform.
Auto-correlation
0.76
Good predictability
21Shares Decentraland ETP has good predictability. Overlapping area represents the amount of predictability between 21Shares Decentraland time series from 10th of March 2023 to 4th of March 2024 and 4th of March 2024 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 21Shares Decentraland ETP price movement. The serial correlation of 0.76 indicates that around 76.0% of current 21Shares Decentraland price fluctuation can be explain by its past prices.
Correlation Coefficient
0.76
Spearman Rank Test
-0.21
Residual Average
0.0
Price Variance
0.7
21Shares Decentraland ETP lagged returns against current returns
Autocorrelation, which is 21Shares Decentraland 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 Decentraland's etf expected returns. We can calculate the autocorrelation of 21Shares Decentraland returns to help us make a trade decision. For example, suppose you find that 21Shares Decentraland 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 Decentraland 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 Decentraland etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Decentraland etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Decentraland etf over time.
Current vs Lagged Prices
Timeline
21Shares Decentraland Lagged Returns
When evaluating 21Shares Decentraland's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Decentraland etf have on its future price. 21Shares Decentraland 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 Decentraland autocorrelation shows the relationship between 21Shares Decentraland etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Decentraland ETP.
Regressed Prices
Timeline
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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.