21Shares Polkadot (Switzerland) Market Value
| ADOT Etf | USD 3.92 0.89 18.50% |
| Symbol | 21Shares |
Please note, there is a significant difference between 21Shares Polkadot's value and its price as these two are different measures arrived at by different means. Investors typically determine if 21Shares Polkadot is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 21Shares Polkadot's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
21Shares Polkadot '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 21Shares Polkadot'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 21Shares Polkadot.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in 21Shares Polkadot on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding 21Shares Polkadot ETP or generate 0.0% return on investment in 21Shares Polkadot over 480 days. More
21Shares Polkadot 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 21Shares Polkadot'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 21Shares Polkadot ETP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.77 | |||
| Information Ratio | 0.1466 | |||
| Maximum Drawdown | 45.04 | |||
| Value At Risk | (8.29) | |||
| Potential Upside | 11.88 |
21Shares Polkadot Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Polkadot's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Polkadot's standard deviation. In reality, there are many statistical measures that can use 21Shares Polkadot historical prices to predict the future 21Shares Polkadot's volatility.| Risk Adjusted Performance | 0.1274 | |||
| Jensen Alpha | 0.9278 | |||
| Total Risk Alpha | 0.0292 | |||
| Sortino Ratio | 0.1829 | |||
| Treynor Ratio | 0.5539 |
21Shares Polkadot ETP Backtested Returns
21Shares Polkadot is very risky given 3 months investment horizon. 21Shares Polkadot ETP secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the etf had a 0.17% return per unit of risk over the last 3 months. We are able to interpolate and break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.23% are justified by taking the suggested risk. Use 21Shares Polkadot coefficient of variation of 610.24, and Mean Deviation of 4.46 to evaluate company specific risk that cannot be diversified away. The entity shows a Beta (market volatility) of 2.11, which signifies 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, 21Shares Polkadot will likely underperform.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
21Shares Polkadot ETP has almost perfect reverse predictability. Overlapping area represents the amount of predictability between 21Shares Polkadot time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 21Shares Polkadot ETP price movement. The serial correlation of -0.72 indicates that around 72.0% of current 21Shares Polkadot price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
21Shares Polkadot ETP lagged returns against current returns
Autocorrelation, which is 21Shares Polkadot 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 21Shares Polkadot's etf expected returns. We can calculate the autocorrelation of 21Shares Polkadot returns to help us make a trade decision. For example, suppose you find that 21Shares Polkadot 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 |
21Shares Polkadot 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 21Shares Polkadot etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Polkadot etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Polkadot etf over time.
Current vs Lagged Prices |
| Timeline |
21Shares Polkadot Lagged Returns
When evaluating 21Shares Polkadot's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Polkadot etf have on its future price. 21Shares Polkadot 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, 21Shares Polkadot autocorrelation shows the relationship between 21Shares Polkadot etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Polkadot ETP.
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.Other Information on Investing in 21Shares Etf
21Shares Polkadot financial ratios help investors to determine whether 21Shares Etf 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 21Shares with respect to the benefits of owning 21Shares Polkadot security.