Ethereum Classic Market Value
| ETC Crypto | USD 32.50 0.42 1.28% |
| Symbol | Ethereum |
Ethereum Classic '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 Ethereum Classic'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 Ethereum Classic.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Ethereum Classic on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ethereum Classic or generate 0.0% return on investment in Ethereum Classic over 30 days. Ethereum Classic is related to or competes with Bitcoin, Dogecoin, Bitcoin Cash, Litecoin, Arweave, Bitcoin SV, and Conflux Network. Ethereum Classic is peer-to-peer digital currency powered by the Blockchain technology.
Ethereum Classic 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 Ethereum Classic'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 Ethereum Classic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.13 | |||
| Information Ratio | 0.1542 | |||
| Maximum Drawdown | 20.69 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 6.7 |
Ethereum Classic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ethereum Classic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ethereum Classic's standard deviation. In reality, there are many statistical measures that can use Ethereum Classic historical prices to predict the future Ethereum Classic's volatility.| Risk Adjusted Performance | 0.1522 | |||
| Jensen Alpha | 0.6378 | |||
| Total Risk Alpha | 0.108 | |||
| Sortino Ratio | 0.1866 | |||
| Treynor Ratio | 1.28 |
Ethereum Classic Backtested Returns
Ethereum Classic appears to be very risky, given 3 months investment horizon. Ethereum Classic secures Sharpe Ratio (or Efficiency) of 0.23, which denotes digital coin had a 0.23% return per unit of risk over the last 3 months. By reviewing Ethereum Classic's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please utilize Ethereum Classic's Downside Deviation of 3.13, mean deviation of 2.72, and Coefficient Of Variation of 529.96 to check if our risk estimates are consistent with your expectations. The crypto shows a Beta (market volatility) of 0.55, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ethereum Classic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ethereum Classic is expected to be smaller as well.
Auto-correlation | 0.79 |
Good predictability
Ethereum Classic has good predictability. Overlapping area represents the amount of predictability between Ethereum Classic time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Ethereum Classic price movement. The serial correlation of 0.79 indicates that around 79.0% of current Ethereum Classic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 10.91 |
Ethereum Classic lagged returns against current returns
Autocorrelation, which is Ethereum Classic 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 Ethereum Classic's crypto coin expected returns. We can calculate the autocorrelation of Ethereum Classic returns to help us make a trade decision. For example, suppose you find that Ethereum Classic 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 |
Ethereum Classic 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 Ethereum Classic crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ethereum Classic crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ethereum Classic crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Ethereum Classic Lagged Returns
When evaluating Ethereum Classic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ethereum Classic crypto coin have on its future price. Ethereum Classic 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, Ethereum Classic autocorrelation shows the relationship between Ethereum Classic crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Ethereum Classic.
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 Ethereum Classic offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ethereum Classic'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 Ethereum Classic Crypto.Check out Ethereum Classic Correlation, Ethereum Classic Volatility and Investing Opportunities module to complement your research on Ethereum Classic. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Ethereum Classic 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.