ETN Market Value
| ETN Crypto | USD 0 0.0004 14.56% |
| Symbol | ETN |
ETN '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 ETN'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 ETN.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in ETN on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding ETN or generate 0.0% return on investment in ETN over 90 days. ETN is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. ETN is peer-to-peer digital currency powered by the Blockchain technology.
ETN 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 ETN'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 ETN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.56 | |||
| Information Ratio | 0.087 | |||
| Maximum Drawdown | 71.42 | |||
| Value At Risk | (23.47) | |||
| Potential Upside | 34.56 |
ETN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETN's standard deviation. In reality, there are many statistical measures that can use ETN historical prices to predict the future ETN's volatility.| Risk Adjusted Performance | 0.0837 | |||
| Jensen Alpha | 1.25 | |||
| Total Risk Alpha | (0.68) | |||
| Sortino Ratio | 0.1035 | |||
| Treynor Ratio | (3.31) |
ETN Backtested Returns
ETN is abnormally risky given 3 months investment horizon. ETN 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. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.28% are justified by taking the suggested risk. Use ETN Semi Deviation of 8.4, mean deviation of 6.24, and Downside Deviation of 10.56 to evaluate coin specific risk that cannot be diversified away. The crypto shows a Beta (market volatility) of -0.37, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ETN are expected to decrease at a much lower rate. During the bear market, ETN is likely to outperform the market.
Auto-correlation | -0.33 |
Poor reverse predictability
ETN has poor reverse predictability. Overlapping area represents the amount of predictability between ETN time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 ETN price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current ETN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ETN lagged returns against current returns
Autocorrelation, which is ETN 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 ETN's crypto coin expected returns. We can calculate the autocorrelation of ETN returns to help us make a trade decision. For example, suppose you find that ETN 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 |
ETN 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 ETN crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETN crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETN crypto coin over time.
Current vs Lagged Prices |
| Timeline |
ETN Lagged Returns
When evaluating ETN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETN crypto coin have on its future price. ETN 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, ETN autocorrelation shows the relationship between ETN crypto coin current value and its past values and can show if there is a momentum factor associated with investing in ETN.
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 ETN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ETN'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 Etn Crypto.Check out ETN Correlation, ETN Volatility and Investing Opportunities module to complement your research on ETN. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
ETN 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.