21Shares Staking (Netherlands) Market Value
| STAKE Etf | 28.61 4.34 13.17% |
| Symbol | 21Shares |
21Shares Staking '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 Staking'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 Staking.
| 04/15/2024 |
| 01/10/2025 |
If you would invest 0.00 in 21Shares Staking on April 15, 2024 and sell it all today you would earn a total of 0.00 from holding 21Shares Staking Basket or generate 0.0% return on investment in 21Shares Staking over 270 days.
21Shares Staking 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 Staking'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 Staking Basket upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.97 | |||
| Information Ratio | 0.1705 | |||
| Maximum Drawdown | 23.85 | |||
| Value At Risk | (4.92) | |||
| Potential Upside | 10.07 |
21Shares Staking Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Staking's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Staking's standard deviation. In reality, there are many statistical measures that can use 21Shares Staking historical prices to predict the future 21Shares Staking's volatility.| Risk Adjusted Performance | 0.1489 | |||
| Jensen Alpha | 0.7948 | |||
| Total Risk Alpha | 0.6872 | |||
| Sortino Ratio | 0.1937 | |||
| Treynor Ratio | (1.61) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 21Shares Staking's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
21Shares Staking Basket Backtested Returns
21Shares Staking appears to be not too volatile, given 3 months investment horizon. 21Shares Staking Basket secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the etf had a 0.14% return per unit of risk over the last 3 months. By inspecting 21Shares Staking's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please makes use of 21Shares Staking's coefficient of variation of 566.26, and Mean Deviation of 3.1 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 21Shares Staking are expected to decrease at a much lower rate. During the bear market, 21Shares Staking is likely to outperform the market.
Auto-correlation | -0.53 |
Good reverse predictability
21Shares Staking Basket has good reverse predictability. Overlapping area represents the amount of predictability between 21Shares Staking time series from 15th of April 2024 to 28th of August 2024 and 28th of August 2024 to 10th of January 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 Staking Basket price movement. The serial correlation of -0.53 indicates that about 53.0% of current 21Shares Staking price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 40.58 |
21Shares Staking Basket lagged returns against current returns
Autocorrelation, which is 21Shares Staking 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 Staking's etf expected returns. We can calculate the autocorrelation of 21Shares Staking returns to help us make a trade decision. For example, suppose you find that 21Shares Staking 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 Staking 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 Staking etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Staking etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Staking etf over time.
Current vs Lagged Prices |
| Timeline |
21Shares Staking Lagged Returns
When evaluating 21Shares Staking's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Staking etf have on its future price. 21Shares Staking 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 Staking autocorrelation shows the relationship between 21Shares Staking etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Staking Basket.
Regressed Prices |
| Timeline |