Etherfi Market Value
| ETHFI Crypto | USD 1.88 0.04 2.08% |
| Symbol | Etherfi |
Etherfi '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 Etherfi'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 Etherfi.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Etherfi on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Etherfi or generate 0.0% return on investment in Etherfi over 30 days. Etherfi is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. Ether.fi is peer-to-peer digital currency powered by the Blockchain technology.
Etherfi 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 Etherfi'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 Etherfi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.77 | |||
| Information Ratio | 0.0163 | |||
| Maximum Drawdown | 32.99 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 9.8 |
Etherfi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Etherfi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Etherfi's standard deviation. In reality, there are many statistical measures that can use Etherfi historical prices to predict the future Etherfi's volatility.| Risk Adjusted Performance | 0.0321 | |||
| Jensen Alpha | 0.1539 | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | 0.0157 | |||
| Treynor Ratio | 0.4304 |
Etherfi Backtested Returns
Etherfi appears to be unreasonably risky, given 3 months investment horizon. Etherfi secures Sharpe Ratio (or Efficiency) of 0.1, which denotes digital coin had a 0.1% return per unit of risk over the last 3 months. By reviewing Etherfi's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize Etherfi's Coefficient Of Variation of 3233.49, downside deviation of 6.77, and Mean Deviation of 4.88 to check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, Etherfi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Etherfi is expected to be smaller as well.
Auto-correlation | 0.32 |
Below average predictability
Etherfi has below average predictability. Overlapping area represents the amount of predictability between Etherfi 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 Etherfi price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Etherfi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Etherfi lagged returns against current returns
Autocorrelation, which is Etherfi 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 Etherfi's crypto coin expected returns. We can calculate the autocorrelation of Etherfi returns to help us make a trade decision. For example, suppose you find that Etherfi 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 |
Etherfi 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 Etherfi crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Etherfi crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Etherfi crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Etherfi Lagged Returns
When evaluating Etherfi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Etherfi crypto coin have on its future price. Etherfi 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, Etherfi autocorrelation shows the relationship between Etherfi crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Etherfi.
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 Etherfi offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Etherfi'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 Etherfi Crypto.Check out Etherfi Correlation, Etherfi Volatility and Investing Opportunities module to complement your research on Etherfi. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Etherfi 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.