Ishares Ethereum Trust Etf Market Value
| ETHA Etf | 26.60 1.63 6.53% |
| Symbol | IShares |
The market value of iShares Ethereum Trust is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Ethereum's value that differs from its market value or its book value, called intrinsic value, which is IShares 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 IShares Ethereum's market value can be influenced by many factors that don't directly affect IShares 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 IShares Ethereum's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Ethereum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares 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.
IShares 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 IShares 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 IShares Ethereum.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in IShares Ethereum on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Ethereum Trust or generate 0.0% return on investment in IShares Ethereum over 30 days. IShares Ethereum is related to or competes with Grayscale Bitcoin, Grayscale Bitcoin, and First Trust. IShares Ethereum is entity of United States More
IShares 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 IShares 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 iShares Ethereum Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.0784 | |||
| Maximum Drawdown | 17.89 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 7.78 |
IShares Ethereum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Ethereum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Ethereum's standard deviation. In reality, there are many statistical measures that can use IShares Ethereum historical prices to predict the future IShares Ethereum's volatility.| Risk Adjusted Performance | 0.0922 | |||
| Jensen Alpha | 0.0666 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.1027 | |||
| Treynor Ratio | 0.1399 |
iShares Ethereum Trust Backtested Returns
IShares Ethereum appears to be not too volatile, given 3 months investment horizon. iShares Ethereum Trust holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. By evaluating IShares Ethereum's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize IShares Ethereum's Risk Adjusted Performance of 0.0922, downside deviation of 3.12, and Market Risk Adjusted Performance of 0.1499 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 3.14, 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, IShares Ethereum will likely underperform.
Auto-correlation | 0.75 |
Good predictability
iShares Ethereum Trust has good predictability. Overlapping area represents the amount of predictability between IShares Ethereum time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 iShares Ethereum Trust price movement. The serial correlation of 0.75 indicates that around 75.0% of current IShares Ethereum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
iShares Ethereum Trust lagged returns against current returns
Autocorrelation, which is IShares 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 IShares Ethereum's etf expected returns. We can calculate the autocorrelation of IShares Ethereum returns to help us make a trade decision. For example, suppose you find that IShares 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 |
IShares 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 IShares Ethereum etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Ethereum etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Ethereum etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Ethereum Lagged Returns
When evaluating IShares Ethereum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Ethereum etf have on its future price. IShares 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, IShares Ethereum autocorrelation shows the relationship between IShares Ethereum etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Ethereum Trust.
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 iShares Ethereum Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares 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 Ishares Ethereum Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Ethereum Trust Etf:Check out IShares Ethereum Correlation, IShares Ethereum Volatility and IShares Ethereum Alpha and Beta module to complement your research on IShares Ethereum. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
IShares 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.