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 Metaverse investors about its performance. Hashdex Crypto is trading at 48.00 as of the 27th of November 2024, a 8.48 percent decrease since the beginning of the trading day. The etf's open price was 52.45. With this module, you can estimate the performance of a buy and hold strategy of Hashdex Crypto Metaverse and determine expected loss or profit from investing in Hashdex Crypto over a given investment horizon. Check out Correlation 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
05/31/2024
No Change 0.00
0.0
In 5 months and 30 days
11/27/2024
0.00
If you would invest 0.00 in Hashdex Crypto on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Hashdex Crypto Metaverse or generate 0.0% return on investment in Hashdex Crypto over 180 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 Metaverse 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 appears to be very steady, given 3 months investment horizon. Hashdex Crypto Metaverse holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating Hashdex Crypto's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please utilize Hashdex Crypto's Downside Deviation of 3.2, market risk adjusted performance of 4.05, and Risk Adjusted Performance of 0.1284 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. 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
-0.61
Very good reverse predictability
Hashdex Crypto Metaverse has very good reverse predictability. Overlapping area represents the amount of predictability between Hashdex Crypto time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Hashdex Crypto Metaverse price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Hashdex Crypto price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.61
Spearman Rank Test
-0.84
Residual Average
0.0
Price Variance
24.09
Hashdex Crypto Metaverse 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 Metaverse.
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.