21shares Core Ethereum Etf Market Value
| CETH Etf | USD 17.93 0.23 1.27% |
| Symbol | 21shares |
The market value of 21shares Core Ethereum is measured differently than its book value, which is the value of 21shares that is recorded on the company's balance sheet. Investors also form their own opinion of 21shares Core's value that differs from its market value or its book value, called intrinsic value, which is 21shares Core's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 21shares Core's market value can be influenced by many factors that don't directly affect 21shares Core's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 21shares Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if 21shares Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 21shares Core's 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 Core '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 Core'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 Core.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in 21shares Core on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding 21shares Core Ethereum or generate 0.0% return on investment in 21shares Core over 540 days. 21shares Core is related to or competes with ProShares Trust, IShares Ethereum, Volatility Shares, VanEck Ethereum, Bitwise Ethereum, and Franklin Bitcoin. China Energy Technology Corp., Ltd. designs, manufactures, and sells solar water heaters and related solar products More
21shares Core 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 Core'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 Core Ethereum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.16 | |||
| Information Ratio | 0.1167 | |||
| Maximum Drawdown | 19.67 | |||
| Value At Risk | (5.42) | |||
| Potential Upside | 9.24 |
21shares Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21shares Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21shares Core's standard deviation. In reality, there are many statistical measures that can use 21shares Core historical prices to predict the future 21shares Core's volatility.| Risk Adjusted Performance | 0.1224 | |||
| Jensen Alpha | 0.2461 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1557 | |||
| Treynor Ratio | 0.2118 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 21shares Core'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 Core Ethereum Backtested Returns
21shares Core appears to be somewhat reliable, given 3 months investment horizon. 21shares Core Ethereum secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the etf had a 0.16% return per unit of standard deviation over the last 3 months. By examining 21shares Core's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please makes use of 21shares Core's Semi Deviation of 2.86, coefficient of variation of 669.37, and Mean Deviation of 3.19 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of 2.92, 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, 21shares Core will likely underperform.
Auto-correlation | 0.00 |
No correlation between past and present
21shares Core Ethereum has no correlation between past and present. Overlapping area represents the amount of predictability between 21shares Core time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 21shares Core Ethereum price movement. The serial correlation of 0.0 indicates that just 0.0% of current 21shares Core 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 |
21shares Core Ethereum lagged returns against current returns
Autocorrelation, which is 21shares Core 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 Core's etf expected returns. We can calculate the autocorrelation of 21shares Core returns to help us make a trade decision. For example, suppose you find that 21shares Core 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 Core 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 Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21shares Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21shares Core etf over time.
Current vs Lagged Prices |
| Timeline |
21shares Core Lagged Returns
When evaluating 21shares Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21shares Core etf have on its future price. 21shares Core 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 Core autocorrelation shows the relationship between 21shares Core etf current value and its past values and can show if there is a momentum factor associated with investing in 21shares Core Ethereum.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether 21shares Core Ethereum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of 21shares Core'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 21shares Core Ethereum Etf. Outlined below are crucial reports that will aid in making a well-informed decision on 21shares Core Ethereum Etf:Check out 21shares Core Correlation, 21shares Core Volatility and 21shares Core Alpha and Beta module to complement your research on 21shares Core. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
21shares Core technical etf 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, etf market cycles, or different charting patterns.