ETHetc ETC's market value is the price at which a share of ETHetc ETC trades on a public exchange. It measures the collective expectations of ETHetc ETC investors about its performance. ETHetc ETC is trading at 34.80 as of the 19th of December 2024, a 1.78% down since the beginning of the trading day. The etf's open price was 35.43. With this module, you can estimate the performance of a buy and hold strategy of ETHetc ETC and determine expected loss or profit from investing in ETHetc ETC over a given investment horizon. Check out Your Current Watchlist 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
ETHetc
ETHetc ETC '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 ETHetc ETC'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 ETHetc ETC.
0.00
12/30/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
12/19/2024
0.00
If you would invest 0.00 in ETHetc ETC on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding ETHetc ETC or generate 0.0% return on investment in ETHetc ETC over 720 days.
ETHetc ETC 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 ETHetc ETC'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 ETHetc ETC 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 ETHetc ETC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETHetc ETC's standard deviation. In reality, there are many statistical measures that can use ETHetc ETC historical prices to predict the future ETHetc ETC's volatility.
ETHetc ETC appears to be very steady, given 3 months investment horizon. ETHetc ETC secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the etf had a 0.21% return per unit of return volatility over the last 3 months. By evaluating ETHetc ETC's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please utilize ETHetc ETC's downside deviation of 3.62, and Mean Deviation of 2.88 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.75, which means 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, ETHetc ETC will likely underperform.
Auto-correlation
0.34
Below average predictability
ETHetc ETC has below average predictability. Overlapping area represents the amount of predictability between ETHetc ETC time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th of December 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 ETHetc ETC price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current ETHetc ETC price fluctuation can be explain by its past prices.
Correlation Coefficient
0.34
Spearman Rank Test
-0.19
Residual Average
0.0
Price Variance
20.16
ETHetc ETC lagged returns against current returns
Autocorrelation, which is ETHetc ETC 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 ETHetc ETC's etf expected returns. We can calculate the autocorrelation of ETHetc ETC returns to help us make a trade decision. For example, suppose you find that ETHetc ETC 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
ETHetc ETC 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 ETHetc ETC etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETHetc ETC etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETHetc ETC etf over time.
Current vs Lagged Prices
Timeline
ETHetc ETC Lagged Returns
When evaluating ETHetc ETC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETHetc ETC etf have on its future price. ETHetc ETC 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, ETHetc ETC autocorrelation shows the relationship between ETHetc ETC etf current value and its past values and can show if there is a momentum factor associated with investing in ETHetc ETC.
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.