SIX Market Value

SIX Crypto  USD 0.02  0.0001  0.52%   
SIX's market value is the price at which a share of SIX trades on a public exchange. It measures the collective expectations of SIX investors about its performance. SIX is trading at 0.019 as of the 17th of March 2025, a 0.52% down since the beginning of the trading day. With this module, you can estimate the performance of a buy and hold strategy of SIX and determine expected loss or profit from investing in SIX over a given investment horizon. Check out SIX Correlation, SIX Volatility and Investing Opportunities module to complement your research on SIX.
Symbol

Please note, there is a significant difference between SIX's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine SIX value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, SIX's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

SIX '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 SIX'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 SIX.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
If you would invest  0.00  in SIX on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding SIX or generate 0.0% return on investment in SIX over 90 days. SIX is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, and DIA. SIX is peer-to-peer digital currency powered by the Blockchain technology.

SIX 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 SIX'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 SIX upside and downside potential and time the market with a certain degree of confidence.

SIX Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SIX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SIX's standard deviation. In reality, there are many statistical measures that can use SIX historical prices to predict the future SIX's volatility.
Hype
Prediction
LowEstimatedHigh
0.000.023.32
Details
Intrinsic
Valuation
LowRealHigh
0.000.023.32
Details
Naive
Forecast
LowNextHigh
0.00040.023.32
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.020.020.02
Details

SIX Backtested Returns

SIX owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates digital coin had a -0.2 % return per unit of risk over the last 3 months. SIX exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SIX's Coefficient Of Variation of (412.71), variance of 12.22, and Risk Adjusted Performance of (0.20) to confirm the risk estimate we provide. The entity has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SIX's returns are expected to increase less than the market. However, during the bear market, the loss of holding SIX is expected to be smaller as well.

Auto-correlation

    
  0.47  

Average predictability

SIX has average predictability. Overlapping area represents the amount of predictability between SIX time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 SIX price movement. The serial correlation of 0.47 indicates that about 47.0% of current SIX price fluctuation can be explain by its past prices.
Correlation Coefficient0.47
Spearman Rank Test0.44
Residual Average0.0
Price Variance0.0

SIX lagged returns against current returns

Autocorrelation, which is SIX 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 SIX's crypto coin expected returns. We can calculate the autocorrelation of SIX returns to help us make a trade decision. For example, suppose you find that SIX 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  

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

SIX Lagged Returns

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

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When determining whether SIX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SIX'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 Six Crypto.
Check out SIX Correlation, SIX Volatility and Investing Opportunities module to complement your research on SIX.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
SIX 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.
A focus of SIX technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SIX trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...