ETHER Market Value
| ETHER Crypto | USD 0.0001 0.000018 12.33% |
| Symbol | ETHER |
ETHER '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 ETHER'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 ETHER.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in ETHER on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding ETHER or generate 0.0% return on investment in ETHER over 720 days. ETHER is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. ETHER is peer-to-peer digital currency powered by the Blockchain technology.
ETHER 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 ETHER'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 ETHER upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.35 | |||
| Information Ratio | 0.077 | |||
| Maximum Drawdown | 50.85 | |||
| Value At Risk | (20.63) | |||
| Potential Upside | 21.0 |
ETHER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETHER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETHER's standard deviation. In reality, there are many statistical measures that can use ETHER historical prices to predict the future ETHER's volatility.| Risk Adjusted Performance | 0.0762 | |||
| Jensen Alpha | 0.9541 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0713 | |||
| Treynor Ratio | 1.09 |
ETHER Backtested Returns
ETHER is abnormally risky given 3 months investment horizon. ETHER secures Sharpe Ratio (or Efficiency) of 0.0866, which denotes digital coin had a 0.0866% return per unit of return volatility over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.08% are justified by taking the suggested risk. Use ETHER downside deviation of 13.35, and Mean Deviation of 8.38 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of 0.98, which means possible diversification benefits within a given portfolio. ETHER returns are very sensitive to returns on the market. As the market goes up or down, ETHER is expected to follow.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
ETHER has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ETHER time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 ETHER price movement. The serial correlation of -0.77 indicates that around 77.0% of current ETHER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ETHER lagged returns against current returns
Autocorrelation, which is ETHER 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 ETHER's crypto coin expected returns. We can calculate the autocorrelation of ETHER returns to help us make a trade decision. For example, suppose you find that ETHER 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 |
ETHER 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 ETHER crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETHER crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETHER crypto coin over time.
Current vs Lagged Prices |
| Timeline |
ETHER Lagged Returns
When evaluating ETHER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETHER crypto coin have on its future price. ETHER 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, ETHER autocorrelation shows the relationship between ETHER crypto coin current value and its past values and can show if there is a momentum factor associated with investing in ETHER.
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 ETHER offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ETHER'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 Ether Crypto.Check out ETHER Correlation, ETHER Volatility and Investing Opportunities module to complement your research on ETHER. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
ETHER 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.