3iq Coinshares Ether Etf Market Value
| ETHQ Etf | CAD 18.26 0.98 5.09% |
| Symbol | 3iQ |
3iQ CoinShares '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 3iQ CoinShares' 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 3iQ CoinShares.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in 3iQ CoinShares on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding 3iQ CoinShares Ether or generate 0.0% return on investment in 3iQ CoinShares over 30 days. 3iQ CoinShares is related to or competes with 3iQ Bitcoin, NBI High, NBI Unconstrained, Mackenzie Developed, BMO Short, and BMO Canadian. 3IQ COINSHARES is traded on Toronto Stock Exchange in Canada. More
3iQ CoinShares 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 3iQ CoinShares' 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 3iQ CoinShares Ether upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.1078 | |||
| Maximum Drawdown | 18.06 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 6.82 |
3iQ CoinShares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 3iQ CoinShares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 3iQ CoinShares' standard deviation. In reality, there are many statistical measures that can use 3iQ CoinShares historical prices to predict the future 3iQ CoinShares' volatility.| Risk Adjusted Performance | 0.1147 | |||
| Jensen Alpha | 0.336 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1423 | |||
| Treynor Ratio | 0.2985 |
3iQ CoinShares Ether Backtested Returns
3iQ CoinShares appears to be not too volatile, given 3 months investment horizon. 3iQ CoinShares Ether secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the etf had a 0.14% return per unit of risk over the last 3 months. By analyzing 3iQ CoinShares' technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of 3iQ CoinShares' Mean Deviation of 3.1, downside deviation of 3.08, and Risk Adjusted Performance of 0.1147 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.87, 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, 3iQ CoinShares will likely underperform.
Auto-correlation | 0.76 |
Good predictability
3iQ CoinShares Ether has good predictability. Overlapping area represents the amount of predictability between 3iQ CoinShares 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 3iQ CoinShares Ether price movement. The serial correlation of 0.76 indicates that around 76.0% of current 3iQ CoinShares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
3iQ CoinShares Ether lagged returns against current returns
Autocorrelation, which is 3iQ CoinShares 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 3iQ CoinShares' etf expected returns. We can calculate the autocorrelation of 3iQ CoinShares returns to help us make a trade decision. For example, suppose you find that 3iQ CoinShares 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 |
3iQ CoinShares 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 3iQ CoinShares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 3iQ CoinShares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 3iQ CoinShares etf over time.
Current vs Lagged Prices |
| Timeline |
3iQ CoinShares Lagged Returns
When evaluating 3iQ CoinShares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 3iQ CoinShares etf have on its future price. 3iQ CoinShares 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, 3iQ CoinShares autocorrelation shows the relationship between 3iQ CoinShares etf current value and its past values and can show if there is a momentum factor associated with investing in 3iQ CoinShares Ether.
Regressed Prices |
| Timeline |
Pair Trading with 3iQ CoinShares
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 3iQ CoinShares position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 3iQ CoinShares will appreciate offsetting losses from the drop in the long position's value.Moving together with 3iQ Etf
Moving against 3iQ Etf
| 0.95 | BITI | BetaPro Inverse Bitcoin | PairCorr |
| 0.63 | HUV | BetaPro SP 500 | PairCorr |
| 0.46 | TCLB | TD Canadian Long | PairCorr |
The ability to find closely correlated positions to 3iQ CoinShares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 3iQ CoinShares when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 3iQ CoinShares - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 3iQ CoinShares Ether to buy it.
The correlation of 3iQ CoinShares is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 3iQ CoinShares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 3iQ CoinShares Ether moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 3iQ CoinShares can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in 3iQ Etf
3iQ CoinShares financial ratios help investors to determine whether 3iQ Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 3iQ with respect to the benefits of owning 3iQ CoinShares security.