21Shares Tezos (Switzerland) Market Value
| AXTZ Etf | USD 7.66 0.41 5.66% |
| Symbol | 21Shares |
Please note, there is a significant difference between 21Shares Tezos' value and its price as these two are different measures arrived at by different means. Investors typically determine if 21Shares Tezos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 21Shares Tezos' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
21Shares Tezos '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 Tezos' 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 Tezos.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in 21Shares Tezos on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding 21Shares Tezos staking or generate 0.0% return on investment in 21Shares Tezos over 540 days. 21Shares Tezos is related to or competes with IShares Core, IShares Core, and Lyxor UCITS. 21Shares Tezos is traded on Switzerland Exchange in Switzerland. More
21Shares Tezos 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 Tezos' 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 Tezos staking upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.83 | |||
| Information Ratio | 0.1779 | |||
| Maximum Drawdown | 46.26 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 6.63 |
21Shares Tezos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Tezos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Tezos' standard deviation. In reality, there are many statistical measures that can use 21Shares Tezos historical prices to predict the future 21Shares Tezos' volatility.| Risk Adjusted Performance | 0.1618 | |||
| Jensen Alpha | 1.22 | |||
| Total Risk Alpha | 0.195 | |||
| Sortino Ratio | 0.2861 | |||
| Treynor Ratio | 29.9 |
21Shares Tezos staking Backtested Returns
21Shares Tezos is relatively risky given 3 months investment horizon. 21Shares Tezos staking secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the etf had a 0.2% return per unit of risk over the last 3 months. We are able to interpolate and break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use 21Shares Tezos mean deviation of 3.66, and Coefficient Of Variation of 499.46 to evaluate company specific risk that cannot be diversified away. The entity shows a Beta (market volatility) of 0.0409, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 21Shares Tezos' returns are expected to increase less than the market. However, during the bear market, the loss of holding 21Shares Tezos is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
21Shares Tezos staking has very weak reverse predictability. Overlapping area represents the amount of predictability between 21Shares Tezos time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Tezos staking price movement. The serial correlation of -0.08 indicates that barely 8.0% of current 21Shares Tezos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.87 |
21Shares Tezos staking lagged returns against current returns
Autocorrelation, which is 21Shares Tezos 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 Tezos' etf expected returns. We can calculate the autocorrelation of 21Shares Tezos returns to help us make a trade decision. For example, suppose you find that 21Shares Tezos 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 Tezos 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 Tezos etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Tezos etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Tezos etf over time.
Current vs Lagged Prices |
| Timeline |
21Shares Tezos Lagged Returns
When evaluating 21Shares Tezos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Tezos etf have on its future price. 21Shares Tezos 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 Tezos autocorrelation shows the relationship between 21Shares Tezos etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Tezos 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.Other Information on Investing in 21Shares Etf
21Shares Tezos financial ratios help investors to determine whether 21Shares Etf 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 21Shares with respect to the benefits of owning 21Shares Tezos security.