STEEMD Market Value

STEEMD Crypto  USD 3.24  0.13  4.18%   
STEEMD's market value is the price at which a share of STEEMD trades on a public exchange. It measures the collective expectations of STEEMD investors about its performance. STEEMD is trading at 3.24 as of the 22nd of November 2024, a 4.18 percent increase since the beginning of the trading day. With this module, you can estimate the performance of a buy and hold strategy of STEEMD and determine expected loss or profit from investing in STEEMD over a given investment horizon. Check out STEEMD Correlation, STEEMD Volatility and Investing Opportunities module to complement your research on STEEMD.
Symbol

Please note, there is a significant difference between STEEMD's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine STEEMD value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, STEEMD's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

STEEMD '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 STEEMD'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 STEEMD.
0.00
10/23/2024
No Change 0.00  0.0 
In 31 days
11/22/2024
0.00
If you would invest  0.00  in STEEMD on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding STEEMD or generate 0.0% return on investment in STEEMD over 30 days. STEEMD is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. STEEMD is peer-to-peer digital currency powered by the Blockchain technology.

STEEMD 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 STEEMD'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 STEEMD upside and downside potential and time the market with a certain degree of confidence.

STEEMD Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for STEEMD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STEEMD's standard deviation. In reality, there are many statistical measures that can use STEEMD historical prices to predict the future STEEMD's volatility.
Hype
Prediction
LowEstimatedHigh
0.163.248.01
Details
Intrinsic
Valuation
LowRealHigh
0.152.967.73
Details
Naive
Forecast
LowNextHigh
0.073.418.18
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2.232.753.28
Details

STEEMD Backtested Returns

STEEMD appears to be very risky, given 3 months investment horizon. STEEMD owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates digital coin had a 0.13% return per unit of volatility over the last 3 months. By examining STEEMD's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please review STEEMD's risk adjusted performance of 0.0596, and Coefficient Of Variation of 1493.98 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.2, which indicates 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, STEEMD will likely underperform.

Auto-correlation

    
  -0.07  

Very weak reverse predictability

STEEMD has very weak reverse predictability. Overlapping area represents the amount of predictability between STEEMD time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 STEEMD price movement. The serial correlation of -0.07 indicates that barely 7.0% of current STEEMD price fluctuation can be explain by its past prices.
Correlation Coefficient-0.07
Spearman Rank Test-0.13
Residual Average0.0
Price Variance0.05

STEEMD lagged returns against current returns

Autocorrelation, which is STEEMD 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 STEEMD's crypto coin expected returns. We can calculate the autocorrelation of STEEMD returns to help us make a trade decision. For example, suppose you find that STEEMD 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  

STEEMD 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 STEEMD crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STEEMD crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STEEMD crypto coin over time.
   Current vs Lagged Prices   
       Timeline  

STEEMD Lagged Returns

When evaluating STEEMD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STEEMD crypto coin have on its future price. STEEMD 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, STEEMD autocorrelation shows the relationship between STEEMD crypto coin current value and its past values and can show if there is a momentum factor associated with investing in STEEMD.
   Regressed Prices   
       Timeline  

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When determining whether STEEMD offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of STEEMD'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 Steemd Crypto.
Check out STEEMD Correlation, STEEMD Volatility and Investing Opportunities module to complement your research on STEEMD.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
STEEMD 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.
A focus of STEEMD technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of STEEMD trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...