Coinsmart Financial Stock Market Value
| SMRT Stock | 0.22 0.00 0.00% |
| Symbol | CoinSmart |
CoinSmart Financial '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 CoinSmart Financial's stock 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 CoinSmart Financial.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in CoinSmart Financial on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding CoinSmart Financial or generate 0.0% return on investment in CoinSmart Financial over 30 days. CoinSmart Financial is related to or competes with Apple, Berkshire Hathaway, Microsoft Corp, Alphabet, JPMorgan Chase, Amazon CDR, and NVIDIA CDR. CoinSmart Financial is entity of Canada. It is traded as Stock on NEO exchange. More
CoinSmart Financial 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 CoinSmart Financial's stock 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 CoinSmart Financial upside and downside potential and time the market with a certain degree of confidence.
CoinSmart Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoinSmart Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoinSmart Financial's standard deviation. In reality, there are many statistical measures that can use CoinSmart Financial historical prices to predict the future CoinSmart Financial's volatility.CoinSmart Financial Backtested Returns
We have found three technical indicators for CoinSmart Financial, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and CoinSmart Financial are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
CoinSmart Financial has no correlation between past and present. Overlapping area represents the amount of predictability between CoinSmart Financial time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 CoinSmart Financial price movement. The serial correlation of 0.0 indicates that just 0.0% of current CoinSmart Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CoinSmart Financial lagged returns against current returns
Autocorrelation, which is CoinSmart Financial stock'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 CoinSmart Financial's stock expected returns. We can calculate the autocorrelation of CoinSmart Financial returns to help us make a trade decision. For example, suppose you find that CoinSmart Financial has exhibited high autocorrelation historically, and you observe that the stock 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 |
CoinSmart Financial 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 CoinSmart Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoinSmart Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoinSmart Financial stock over time.
Current vs Lagged Prices |
| Timeline |
CoinSmart Financial Lagged Returns
When evaluating CoinSmart Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoinSmart Financial stock have on its future price. CoinSmart Financial 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, CoinSmart Financial autocorrelation shows the relationship between CoinSmart Financial stock current value and its past values and can show if there is a momentum factor associated with investing in CoinSmart Financial.
Regressed Prices |
| Timeline |
Pair Trading with CoinSmart Financial
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 CoinSmart Financial 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 CoinSmart Financial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CoinSmart Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CoinSmart Financial 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 CoinSmart Financial - 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 CoinSmart Financial to buy it.
The correlation of CoinSmart Financial 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 CoinSmart Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CoinSmart Financial 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 CoinSmart Financial 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.Other Information on Investing in CoinSmart Stock
CoinSmart Financial financial ratios help investors to determine whether CoinSmart Stock 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 CoinSmart with respect to the benefits of owning CoinSmart Financial security.