Grayscale Ethereum Mini Etf Market Value
| ETH Etf | USD 34.28 2.99 9.56% |
| Symbol | Grayscale |
The market value of Grayscale Ethereum Mini is measured differently than its book value, which is the value of Grayscale that is recorded on the company's balance sheet. Investors also form their own opinion of Grayscale Ethereum's value that differs from its market value or its book value, called intrinsic value, which is Grayscale Ethereum'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 Grayscale Ethereum's market value can be influenced by many factors that don't directly affect Grayscale Ethereum'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 Grayscale Ethereum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grayscale Ethereum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grayscale Ethereum'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.
Grayscale Ethereum '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 Grayscale Ethereum'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 Grayscale Ethereum.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Grayscale Ethereum on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Grayscale Ethereum Mini or generate 0.0% return on investment in Grayscale Ethereum over 30 days. Grayscale Ethereum is related to or competes with ProShares Trust, IShares Ethereum, Volatility Shares, VanEck Ethereum, Bitwise Ethereum, and Franklin Bitcoin. Ethan Allen Interiors Inc. operates as an interior design company, and manufacturer and retailer of home furnishings in ... More
Grayscale Ethereum 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 Grayscale Ethereum'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 Grayscale Ethereum Mini upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.27 | |||
| Information Ratio | 0.1114 | |||
| Maximum Drawdown | 19.82 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 9.37 |
Grayscale Ethereum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grayscale Ethereum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grayscale Ethereum's standard deviation. In reality, there are many statistical measures that can use Grayscale Ethereum historical prices to predict the future Grayscale Ethereum's volatility.| Risk Adjusted Performance | 0.1159 | |||
| Jensen Alpha | 0.2428 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1465 | |||
| Treynor Ratio | 0.1949 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grayscale Ethereum'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.
Grayscale Ethereum Mini Backtested Returns
Grayscale Ethereum appears to be not too volatile, given 3 months investment horizon. Grayscale Ethereum Mini holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of standard deviation over the last 3 months. By evaluating Grayscale Ethereum's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Grayscale Ethereum's risk adjusted performance of 0.1159, and Market Risk Adjusted Performance of 0.2049 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 3.05, which attests to 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, Grayscale Ethereum will likely underperform.
Auto-correlation | 0.83 |
Very good predictability
Grayscale Ethereum Mini has very good predictability. Overlapping area represents the amount of predictability between Grayscale Ethereum time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Grayscale Ethereum Mini price movement. The serial correlation of 0.83 indicates that around 83.0% of current Grayscale Ethereum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 3.61 |
Grayscale Ethereum Mini lagged returns against current returns
Autocorrelation, which is Grayscale Ethereum 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 Grayscale Ethereum's etf expected returns. We can calculate the autocorrelation of Grayscale Ethereum returns to help us make a trade decision. For example, suppose you find that Grayscale Ethereum 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 |
Grayscale Ethereum 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 Grayscale Ethereum etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grayscale Ethereum etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grayscale Ethereum etf over time.
Current vs Lagged Prices |
| Timeline |
Grayscale Ethereum Lagged Returns
When evaluating Grayscale Ethereum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grayscale Ethereum etf have on its future price. Grayscale Ethereum 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, Grayscale Ethereum autocorrelation shows the relationship between Grayscale Ethereum etf current value and its past values and can show if there is a momentum factor associated with investing in Grayscale Ethereum Mini.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Grayscale Ethereum Mini offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Grayscale Ethereum'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 Grayscale Ethereum Mini Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Grayscale Ethereum Mini Etf:Check out Grayscale Ethereum Correlation, Grayscale Ethereum Volatility and Grayscale Ethereum Alpha and Beta module to complement your research on Grayscale Ethereum. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Grayscale Ethereum 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.