WETH Market Value
| WETH Crypto | USD 1,161 1.62 0.14% |
| Symbol | WETH |
WETH '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 WETH'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 WETH.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in WETH on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding WETH or generate 0.0% return on investment in WETH over 30 days. WETH is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. WETH is peer-to-peer digital currency powered by the Blockchain technology.
WETH 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 WETH'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 WETH upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.17 | |||
| Information Ratio | 0.0326 | |||
| Maximum Drawdown | 152.3 | |||
| Value At Risk | (10.86) | |||
| Potential Upside | 4.01 |
WETH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WETH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WETH's standard deviation. In reality, there are many statistical measures that can use WETH historical prices to predict the future WETH's volatility.| Risk Adjusted Performance | 0.0408 | |||
| Jensen Alpha | 0.3759 | |||
| Total Risk Alpha | (1.81) | |||
| Sortino Ratio | 0.0414 | |||
| Treynor Ratio | 0.3029 |
WETH Backtested Returns
WETH appears to be abnormally risky, given 3 months investment horizon. WETH shows Sharpe Ratio of 0.0416, which attests that digital coin had a 0.0416% return per unit of risk over the last 3 months. By analyzing WETH's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize WETH's Market Risk Adjusted Performance of 0.3129, mean deviation of 4.42, and Downside Deviation of 12.17 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 2.06, 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, WETH will likely underperform.
Auto-correlation | 0.14 |
Insignificant predictability
WETH has insignificant predictability. Overlapping area represents the amount of predictability between WETH 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 WETH price movement. The serial correlation of 0.14 indicates that less than 14.0% of current WETH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 3294.78 |
WETH lagged returns against current returns
Autocorrelation, which is WETH 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 WETH's crypto coin expected returns. We can calculate the autocorrelation of WETH returns to help us make a trade decision. For example, suppose you find that WETH 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 |
WETH 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 WETH crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WETH crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WETH crypto coin over time.
Current vs Lagged Prices |
| Timeline |
WETH Lagged Returns
When evaluating WETH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WETH crypto coin have on its future price. WETH 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, WETH autocorrelation shows the relationship between WETH crypto coin current value and its past values and can show if there is a momentum factor associated with investing in WETH.
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 WETH offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WETH'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 Weth Crypto.Check out WETH Correlation, WETH Volatility and Investing Opportunities module to complement your research on WETH. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
WETH 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.