Grayscale Litecoin Trust Stock Market Value
| LTCN Stock | USD 14.65 1.45 9.01% |
| Symbol | Grayscale |
Grayscale Litecoin Trust '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 Grayscale Litecoin Trust's otc stock 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 Grayscale Litecoin Trust.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Grayscale Litecoin Trust on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Grayscale Litecoin Trust or generate 0.0% return on investment in Grayscale Litecoin Trust over 390 days. Grayscale Litecoin Trust is related to or competes with Morgan Stanley, Goldman Sachs, Charles Schwab, Interactive Brokers, Goldman Sachs, Morgan Stanley, and Goldman Sachs. More
Grayscale Litecoin Trust 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 Grayscale Litecoin Trust's otc stock 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 Grayscale Litecoin Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.7 | |||
| Information Ratio | 0.0666 | |||
| Maximum Drawdown | 29.57 | |||
| Value At Risk | (9.42) | |||
| Potential Upside | 12.68 |
Grayscale Litecoin Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grayscale Litecoin Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grayscale Litecoin Trust's standard deviation. In reality, there are many statistical measures that can use Grayscale Litecoin Trust historical prices to predict the future Grayscale Litecoin Trust's volatility.| Risk Adjusted Performance | 0.0715 | |||
| Jensen Alpha | 0.7652 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0834 | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grayscale Litecoin Trust's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Grayscale Litecoin Trust Backtested Returns
Grayscale Litecoin Trust appears to be slightly risky, given 3 months investment horizon. Grayscale Litecoin Trust holds Efficiency (Sharpe) Ratio of 0.0393, which attests that the entity had a 0.0393% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Grayscale Litecoin Trust, which you can use to evaluate the volatility of the firm. Please utilize Grayscale Litecoin Trust's risk adjusted performance of 0.0715, and Market Risk Adjusted Performance of (0.29) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grayscale Litecoin Trust holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of -1.91, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Grayscale Litecoin Trust are expected to decrease by larger amounts. On the other hand, during market turmoil, Grayscale Litecoin Trust is expected to outperform it. Please check Grayscale Litecoin Trust's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Grayscale Litecoin Trust's current trending patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Grayscale Litecoin Trust has modest reverse predictability. Overlapping area represents the amount of predictability between Grayscale Litecoin Trust time series from 29th of October 2023 to 11th of May 2024 and 11th of May 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 Grayscale Litecoin Trust price movement. The serial correlation of -0.46 indicates that about 46.0% of current Grayscale Litecoin Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 34.51 |
Grayscale Litecoin Trust lagged returns against current returns
Autocorrelation, which is Grayscale Litecoin Trust otc stock'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 Grayscale Litecoin Trust's otc stock expected returns. We can calculate the autocorrelation of Grayscale Litecoin Trust returns to help us make a trade decision. For example, suppose you find that Grayscale Litecoin Trust has exhibited high autocorrelation historically, and you observe that the otc stock 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 |
Grayscale Litecoin Trust 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 Grayscale Litecoin Trust otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grayscale Litecoin Trust otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grayscale Litecoin Trust otc stock over time.
Current vs Lagged Prices |
| Timeline |
Grayscale Litecoin Trust Lagged Returns
When evaluating Grayscale Litecoin Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grayscale Litecoin Trust otc stock have on its future price. Grayscale Litecoin Trust 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, Grayscale Litecoin Trust autocorrelation shows the relationship between Grayscale Litecoin Trust otc stock current value and its past values and can show if there is a momentum factor associated with investing in Grayscale Litecoin Trust.
Regressed Prices |
| Timeline |
Pair Trading with Grayscale Litecoin Trust
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 Grayscale Litecoin Trust 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 Grayscale Litecoin Trust will appreciate offsetting losses from the drop in the long position's value.Moving together with Grayscale OTC Stock
| 0.65 | MS | Morgan Stanley Sell-off Trend | PairCorr |
| 0.62 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.62 | CGXYY | China Galaxy Securities | PairCorr |
| 0.66 | IBKR | Interactive Brokers Sell-off Trend | PairCorr |
Moving against Grayscale OTC Stock
| 0.58 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.57 | EC | Ecopetrol SA ADR | PairCorr |
| 0.56 | AMIX | Autonomix Medical, Common | PairCorr |
| 0.53 | BKRKY | Bank Rakyat | PairCorr |
| 0.51 | BKRKF | PT Bank Rakyat | PairCorr |
The ability to find closely correlated positions to Grayscale Litecoin Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grayscale Litecoin Trust 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 Grayscale Litecoin Trust - 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 Grayscale Litecoin Trust to buy it.
The correlation of Grayscale Litecoin Trust 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 Grayscale Litecoin Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grayscale Litecoin Trust 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 Grayscale Litecoin Trust 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 Grayscale OTC Stock
Grayscale Litecoin Trust financial ratios help investors to determine whether Grayscale OTC Stock 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 Grayscale with respect to the benefits of owning Grayscale Litecoin Trust security.