Grayscale Zcash Trust Stock Market Value
| ZCSH Stock | USD 5.50 0.60 9.84% |
| Symbol | Grayscale |
Grayscale Zcash '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 Zcash'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 Zcash.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Grayscale Zcash on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Grayscale Zcash Trust or generate 0.0% return on investment in Grayscale Zcash over 30 days. Grayscale Zcash is related to or competes with OFX Group, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High Yield, and Via Renewables. More
Grayscale Zcash 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 Zcash'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 Zcash Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.92 | |||
| Information Ratio | 0.0862 | |||
| Maximum Drawdown | 55.09 | |||
| Value At Risk | (10.71) | |||
| Potential Upside | 13.15 |
Grayscale Zcash Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grayscale Zcash's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grayscale Zcash's standard deviation. In reality, there are many statistical measures that can use Grayscale Zcash historical prices to predict the future Grayscale Zcash's volatility.| Risk Adjusted Performance | 0.0801 | |||
| Jensen Alpha | 0.7447 | |||
| Total Risk Alpha | 0.6085 | |||
| Sortino Ratio | 0.1181 | |||
| Treynor Ratio | 0.174 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grayscale Zcash'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 Zcash Trust Backtested Returns
Grayscale Zcash appears to be very risky, given 3 months investment horizon. Grayscale Zcash Trust holds Efficiency (Sharpe) Ratio of 0.0826, which attests that the entity had a 0.0826% return per unit of standard deviation over the last 3 months. By evaluating Grayscale Zcash's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please utilize Grayscale Zcash's market risk adjusted performance of 0.184, and Risk Adjusted Performance of 0.0801 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grayscale Zcash holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 4.81, 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 Zcash will likely underperform. Please check Grayscale Zcash's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Grayscale Zcash's current trending patterns will revert.
Auto-correlation | -0.88 |
Excellent reverse predictability
Grayscale Zcash Trust has excellent reverse predictability. Overlapping area represents the amount of predictability between Grayscale Zcash time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 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 Grayscale Zcash Trust price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Grayscale Zcash price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Grayscale Zcash Trust lagged returns against current returns
Autocorrelation, which is Grayscale Zcash 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 Zcash's otc stock expected returns. We can calculate the autocorrelation of Grayscale Zcash returns to help us make a trade decision. For example, suppose you find that Grayscale Zcash 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 Zcash 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 Zcash otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grayscale Zcash 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 Zcash otc stock over time.
Current vs Lagged Prices |
| Timeline |
Grayscale Zcash Lagged Returns
When evaluating Grayscale Zcash's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grayscale Zcash otc stock have on its future price. Grayscale Zcash 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 Zcash autocorrelation shows the relationship between Grayscale Zcash otc stock current value and its past values and can show if there is a momentum factor associated with investing in Grayscale Zcash Trust.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Grayscale OTC Stock
Grayscale Zcash 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 Zcash security.