Grayscale Litecoin Trust Stock Market Value
| LTCN Stock | USD 14.25 0.94 7.06% |
| Symbol | Grayscale |
Grayscale Litecoin '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 Grayscale Litecoin's otc stock 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 Grayscale Litecoin.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Grayscale Litecoin on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Grayscale Litecoin Trust or generate 0.0% return on investment in Grayscale Litecoin over 540 days. Grayscale Litecoin is related to or competes with Grayscale Bitcoin, Grayscale Digital, Bitwise 10, and Galaxy Digital. More
Grayscale Litecoin 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 Grayscale Litecoin's otc stock 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 Grayscale Litecoin Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.14 | |||
| Information Ratio | 0.0134 | |||
| Maximum Drawdown | 34.07 | |||
| Value At Risk | (9.49) | |||
| Potential Upside | 12.62 |
Grayscale Litecoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grayscale Litecoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grayscale Litecoin's standard deviation. In reality, there are many statistical measures that can use Grayscale Litecoin historical prices to predict the future Grayscale Litecoin's volatility.| Risk Adjusted Performance | 0.0329 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.85) | |||
| Sortino Ratio | 0.0152 | |||
| Treynor Ratio | 0.0957 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grayscale Litecoin's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Grayscale Litecoin Trust Backtested Returns
Grayscale Litecoin appears to be slightly risky, given 3 months investment horizon. Grayscale Litecoin Trust holds Efficiency (Sharpe) Ratio of 0.0862, which attests that the entity had a 0.0862% return per unit of standard deviation over the last 3 months. By evaluating Grayscale Litecoin's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please utilize Grayscale Litecoin's market risk adjusted performance of 0.1057, and Risk Adjusted Performance of 0.0329 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grayscale Litecoin holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 2.18, 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, Grayscale Litecoin will likely underperform. Please check Grayscale Litecoin's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Grayscale Litecoin's current trending patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Grayscale Litecoin Trust has good reverse predictability. Overlapping area represents the amount of predictability between Grayscale Litecoin time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Grayscale Litecoin Trust price movement. The serial correlation of -0.53 indicates that about 53.0% of current Grayscale Litecoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 78.35 |
Grayscale Litecoin Trust lagged returns against current returns
Autocorrelation, which is Grayscale Litecoin otc stock'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 Grayscale Litecoin's otc stock expected returns. We can calculate the autocorrelation of Grayscale Litecoin returns to help us make a trade decision. For example, suppose you find that Grayscale Litecoin has exhibited high autocorrelation historically, and you observe that the otc stock 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 |
Grayscale Litecoin 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 Grayscale Litecoin otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grayscale Litecoin otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grayscale Litecoin otc stock over time.
Current vs Lagged Prices |
| Timeline |
Grayscale Litecoin Lagged Returns
When evaluating Grayscale Litecoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grayscale Litecoin otc stock have on its future price. Grayscale Litecoin 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, Grayscale Litecoin autocorrelation shows the relationship between Grayscale Litecoin otc stock current value and its past values and can show if there is a momentum factor associated with investing in Grayscale Litecoin Trust.
Regressed Prices |
| Timeline |
Pair Trading with Grayscale Litecoin
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Grayscale Litecoin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Grayscale Litecoin will appreciate offsetting losses from the drop in the long position's value.Moving together with Grayscale OTC Stock
| 0.65 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.61 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.61 | IBKR | Interactive Brokers Fiscal Year End 21st of January 2025 | PairCorr |
Moving against Grayscale OTC Stock
| 0.61 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.54 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.52 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.52 | BKRKY | Bank Rakyat | PairCorr |
| 0.51 | SHG | Shinhan Financial | PairCorr |
The ability to find closely correlated positions to Grayscale Litecoin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grayscale Litecoin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Grayscale Litecoin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Grayscale Litecoin Trust to buy it.
The correlation of Grayscale Litecoin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grayscale Litecoin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grayscale Litecoin Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Grayscale Litecoin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Grayscale OTC Stock
Grayscale Litecoin financial ratios help investors to determine whether Grayscale OTC Stock 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 Grayscale with respect to the benefits of owning Grayscale Litecoin security.