Wrapped EETH Market Value
| WEETH Crypto | USD 3,521 6.75 0.19% |
| Symbol | Wrapped |
Wrapped EETH '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 Wrapped EETH'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 Wrapped EETH.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Wrapped EETH on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Wrapped eETH or generate 0.0% return on investment in Wrapped EETH over 30 days. Wrapped EETH is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and TRON. Wrapped eETH is peer-to-peer digital currency powered by the Blockchain technology.
Wrapped EETH 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 Wrapped EETH'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 Wrapped eETH upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.78 | |||
| Information Ratio | 0.063 | |||
| Maximum Drawdown | 16.28 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 5.73 |
Wrapped EETH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wrapped EETH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wrapped EETH's standard deviation. In reality, there are many statistical measures that can use Wrapped EETH historical prices to predict the future Wrapped EETH's volatility.| Risk Adjusted Performance | 0.0753 | |||
| Jensen Alpha | 0.2089 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0602 | |||
| Treynor Ratio | 0.2566 |
Wrapped eETH Backtested Returns
Wrapped EETH appears to be very volatile, given 3 months investment horizon. Wrapped eETH shows Sharpe Ratio of 0.1, which attests that digital coin had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Wrapped eETH, which you can use to evaluate the volatility of coin. Please utilize Wrapped EETH's Market Risk Adjusted Performance of 0.2666, downside deviation of 3.78, and Mean Deviation of 2.56 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 1.22, which attests to 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, Wrapped EETH will likely underperform.
Auto-correlation | 0.61 |
Good predictability
Wrapped eETH has good predictability. Overlapping area represents the amount of predictability between Wrapped EETH time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Wrapped eETH price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Wrapped EETH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 18.5 K |
Wrapped eETH lagged returns against current returns
Autocorrelation, which is Wrapped EETH 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 Wrapped EETH's crypto coin expected returns. We can calculate the autocorrelation of Wrapped EETH returns to help us make a trade decision. For example, suppose you find that Wrapped EETH 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 |
Wrapped EETH 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 Wrapped EETH crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wrapped EETH crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wrapped EETH crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Wrapped EETH Lagged Returns
When evaluating Wrapped EETH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wrapped EETH crypto coin have on its future price. Wrapped EETH 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, Wrapped EETH autocorrelation shows the relationship between Wrapped EETH crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Wrapped eETH.
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 Wrapped eETH offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wrapped EETH'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 Wrapped Eeth Crypto.Check out Wrapped EETH Correlation, Wrapped EETH Volatility and Investing Opportunities module to complement your research on Wrapped EETH. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Wrapped EETH 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.