Coinbase Wrapped Market Value
| CBETH Crypto | USD 3,624 14.73 0.40% |
| Symbol | Coinbase |
Coinbase Wrapped '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 Coinbase Wrapped'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 Coinbase Wrapped.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Coinbase Wrapped on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Coinbase Wrapped Staked or generate 0.0% return on investment in Coinbase Wrapped over 30 days. Coinbase Wrapped is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. Coinbase Wrapped Staked ETH is peer-to-peer digital currency powered by the Blockchain technology.
Coinbase Wrapped 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 Coinbase Wrapped'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 Coinbase Wrapped Staked upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.72 | |||
| Information Ratio | 0.0696 | |||
| Maximum Drawdown | 16.7 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 6.11 |
Coinbase Wrapped Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coinbase Wrapped's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coinbase Wrapped's standard deviation. In reality, there are many statistical measures that can use Coinbase Wrapped historical prices to predict the future Coinbase Wrapped's volatility.| Risk Adjusted Performance | 0.0833 | |||
| Jensen Alpha | 0.2394 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0703 | |||
| Treynor Ratio | 0.2956 |
Coinbase Wrapped Staked Backtested Returns
Coinbase Wrapped appears to be very volatile, given 3 months investment horizon. Coinbase Wrapped Staked secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that digital coin had a 0.16% return per unit of risk over the last 3 months. By analyzing Coinbase Wrapped's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Coinbase Wrapped's Mean Deviation of 2.64, downside deviation of 3.72, and Risk Adjusted Performance of 0.0833 to double-check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 1.22, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Coinbase Wrapped will likely underperform.
Auto-correlation | 0.73 |
Good predictability
Coinbase Wrapped Staked has good predictability. Overlapping area represents the amount of predictability between Coinbase Wrapped 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 Coinbase Wrapped Staked price movement. The serial correlation of 0.73 indicates that around 73.0% of current Coinbase Wrapped price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 18.3 K |
Coinbase Wrapped Staked lagged returns against current returns
Autocorrelation, which is Coinbase Wrapped 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 Coinbase Wrapped's crypto coin expected returns. We can calculate the autocorrelation of Coinbase Wrapped returns to help us make a trade decision. For example, suppose you find that Coinbase Wrapped 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 |
Coinbase Wrapped 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 Coinbase Wrapped crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coinbase Wrapped crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coinbase Wrapped crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Coinbase Wrapped Lagged Returns
When evaluating Coinbase Wrapped's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coinbase Wrapped crypto coin have on its future price. Coinbase Wrapped 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, Coinbase Wrapped autocorrelation shows the relationship between Coinbase Wrapped crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Coinbase Wrapped Staked.
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 Coinbase Wrapped Staked offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coinbase Wrapped'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 Coinbase Wrapped Staked Crypto.Check out Coinbase Wrapped Correlation, Coinbase Wrapped Volatility and Investing Opportunities module to complement your research on Coinbase Wrapped. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Coinbase Wrapped 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.