21Shares Solana's market value is the price at which a share of 21Shares Solana trades on a public exchange. It measures the collective expectations of 21Shares Solana staking investors about its performance. 21Shares Solana is trading at 146.87 as of the 22nd of November 2024, a 2.98% increase since the beginning of the trading day. The etf's open price was 142.62. With this module, you can estimate the performance of a buy and hold strategy of 21Shares Solana staking and determine expected loss or profit from investing in 21Shares Solana over a given investment horizon. Check out Trending Equities 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 Solana '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 Solana'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 Solana.
0.00
10/23/2024
No Change 0.00
0.0
In 30 days
11/22/2024
0.00
If you would invest 0.00 in 21Shares Solana on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding 21Shares Solana staking or generate 0.0% return on investment in 21Shares Solana over 30 days.
21Shares Solana 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 Solana'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 Solana staking 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 Solana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Solana's standard deviation. In reality, there are many statistical measures that can use 21Shares Solana historical prices to predict the future 21Shares Solana's volatility.
21Shares Solana appears to be very steady, given 3 months investment horizon. 21Shares Solana staking secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the etf had a 0.18% return per unit of risk over the last 3 months. By inspecting 21Shares Solana's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please makes use of 21Shares Solana's mean deviation of 3.78, and Coefficient Of Variation of 490.7 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of 0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 21Shares Solana's returns are expected to increase less than the market. However, during the bear market, the loss of holding 21Shares Solana is expected to be smaller as well.
Auto-correlation
-0.12
Insignificant reverse predictability
21Shares Solana staking has insignificant reverse predictability. Overlapping area represents the amount of predictability between 21Shares Solana time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 21Shares Solana staking price movement. The serial correlation of -0.12 indicates that less than 12.0% of current 21Shares Solana price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.12
Spearman Rank Test
-0.28
Residual Average
0.0
Price Variance
115.57
21Shares Solana staking lagged returns against current returns
Autocorrelation, which is 21Shares Solana 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 Solana's etf expected returns. We can calculate the autocorrelation of 21Shares Solana returns to help us make a trade decision. For example, suppose you find that 21Shares Solana 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 Solana 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 Solana etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Solana etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Solana etf over time.
Current vs Lagged Prices
Timeline
21Shares Solana Lagged Returns
When evaluating 21Shares Solana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Solana etf have on its future price. 21Shares Solana 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 Solana autocorrelation shows the relationship between 21Shares Solana etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Solana staking.
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.