Hashdex Crypto's market value is the price at which a share of Hashdex Crypto trades on a public exchange. It measures the collective expectations of Hashdex Crypto Momentum investors about its performance. Hashdex Crypto is trading at 112.96 as of the 31st of January 2025, a 7.28% down since the beginning of the trading day. The etf's open price was 121.83. With this module, you can estimate the performance of a buy and hold strategy of Hashdex Crypto Momentum and determine expected loss or profit from investing in Hashdex Crypto over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Hashdex
Hashdex Crypto '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 Hashdex Crypto'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 Hashdex Crypto.
0.00
09/03/2024
No Change 0.00
0.0
In 4 months and 31 days
01/31/2025
0.00
If you would invest 0.00 in Hashdex Crypto on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Hashdex Crypto Momentum or generate 0.0% return on investment in Hashdex Crypto over 150 days.
Hashdex Crypto 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 Hashdex Crypto'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 Hashdex Crypto Momentum upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hashdex Crypto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hashdex Crypto's standard deviation. In reality, there are many statistical measures that can use Hashdex Crypto historical prices to predict the future Hashdex Crypto's volatility.
Hashdex Crypto is very steady given 3 months investment horizon. Hashdex Crypto Momentum holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2 % return per unit of risk over the last 3 months. We were able to analyze twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.09% are justified by taking the suggested risk. Use Hashdex Crypto Momentum Risk Adjusted Performance of 0.1626, market risk adjusted performance of 1.97, and Downside Deviation of 7.3 to evaluate company specific risk that cannot be diversified away. The etf retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hashdex Crypto's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hashdex Crypto is expected to be smaller as well.
Auto-correlation
0.47
Average predictability
Hashdex Crypto Momentum has average predictability. Overlapping area represents the amount of predictability between Hashdex Crypto time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hashdex Crypto Momentum price movement. The serial correlation of 0.47 indicates that about 47.0% of current Hashdex Crypto price fluctuation can be explain by its past prices.
Correlation Coefficient
0.47
Spearman Rank Test
0.27
Residual Average
0.0
Price Variance
185.38
Hashdex Crypto Momentum lagged returns against current returns
Autocorrelation, which is Hashdex Crypto 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 Hashdex Crypto's etf expected returns. We can calculate the autocorrelation of Hashdex Crypto returns to help us make a trade decision. For example, suppose you find that Hashdex Crypto 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
Hashdex Crypto 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 Hashdex Crypto etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hashdex Crypto etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hashdex Crypto etf over time.
Current vs Lagged Prices
Timeline
Hashdex Crypto Lagged Returns
When evaluating Hashdex Crypto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hashdex Crypto etf have on its future price. Hashdex Crypto 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, Hashdex Crypto autocorrelation shows the relationship between Hashdex Crypto etf current value and its past values and can show if there is a momentum factor associated with investing in Hashdex Crypto Momentum.
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.