STEEM Market Value
| STEEM Crypto | USD 0.28 0.01 3.70% |
| Symbol | STEEM |
STEEM '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 STEEM'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 STEEM.
| 09/09/2023 |
| 12/02/2024 |
If you would invest 0.00 in STEEM on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding STEEM or generate 0.0% return on investment in STEEM over 450 days. STEEM is related to or competes with Bitcoin, Dogecoin, Bitcoin Cash, Litecoin, Ethereum Classic, Arweave, and Bitcoin SV. STEEM is peer-to-peer digital currency powered by the Blockchain technology.
STEEM 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 STEEM'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 STEEM upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.32 | |||
| Information Ratio | 0.1712 | |||
| Maximum Drawdown | 21.67 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 6.25 |
STEEM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STEEM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STEEM's standard deviation. In reality, there are many statistical measures that can use STEEM historical prices to predict the future STEEM's volatility.| Risk Adjusted Performance | 0.1631 | |||
| Jensen Alpha | 0.7823 | |||
| Total Risk Alpha | 0.1466 | |||
| Sortino Ratio | 0.1031 | |||
| Treynor Ratio | 1.13 |
STEEM Backtested Returns
STEEM appears to be very risky, given 3 months investment horizon. STEEM owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates digital coin had a 0.2% return per unit of volatility over the last 3 months. By examining STEEM's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please review STEEM's coefficient of variation of 493.86, and Risk Adjusted Performance of 0.1631 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, STEEM's returns are expected to increase less than the market. However, during the bear market, the loss of holding STEEM is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
STEEM has no correlation between past and present. Overlapping area represents the amount of predictability between STEEM time series from 9th of September 2023 to 21st of April 2024 and 21st of April 2024 to 2nd 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 STEEM price movement. The serial correlation of 0.0 indicates that just 0.0% of current STEEM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
STEEM lagged returns against current returns
Autocorrelation, which is STEEM 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 STEEM's crypto coin expected returns. We can calculate the autocorrelation of STEEM returns to help us make a trade decision. For example, suppose you find that STEEM 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 |
STEEM 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 STEEM crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STEEM crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STEEM crypto coin over time.
Current vs Lagged Prices |
| Timeline |
STEEM Lagged Returns
When evaluating STEEM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STEEM crypto coin have on its future price. STEEM 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, STEEM autocorrelation shows the relationship between STEEM crypto coin current value and its past values and can show if there is a momentum factor associated with investing in STEEM.
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 STEEM offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of STEEM'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 Steem Crypto.Check out STEEM Correlation, STEEM Volatility and Investing Opportunities module to complement your research on STEEM. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
STEEM 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.