LET Volatility
| LET Crypto | USD 0.0005 0.00 0.00% |
At this point, LET is relatively risky. LET has Sharpe Ratio of 4.0E-4, which conveys that digital coin had a 4.0E-4% return per unit of standard deviation over the last 3 months. We have found sixteen technical indicators for LET, which you can use to evaluate the volatility of coin. Please verify LET's Mean Deviation of 0.0228, risk adjusted performance of (0.11), and Coefficient Of Variation of 307948.63 to check out if the risk estimate we provide is consistent with the expected return of 0.0%. Key indicators related to LET's volatility include:
30 Days Market Risk | Risk of Devaluation | 30 Days Economic Sensitivity |
LET Crypto Coin volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of LET daily returns, and it is calculated using variance and standard deviation. We also use LET's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of LET volatility.
LET |
LET Crypto Coin Volatility Analysis
Volatility refers to the frequency at which LET crypto price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with LET's price changes. Investors will then calculate the volatility of LET's crypto coin to predict their future moves. A crypto that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A crypto coin with relatively stable price changes has low volatility. A highly volatile crypto is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of LET's volatility:
Historical Volatility
This type of crypto volatility measures LET's fluctuations based on previous trends. It's commonly used to predict LET's future behavior based on its past. However, it cannot conclusively determine the future direction of the crypto coin.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for LET's current market price. This means that the crypto will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on LET's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. LET Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
LET Projected Return Density Against Market
Assuming the 90 days trading horizon LET has a beta that is very close to zero . This indicates the returns on DOW JONES INDUSTRIAL and LET do not appear to be highly-sensitive.Most traded cryptocurrencies are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or coin-specific or project-specific) risk. Unsystematic risk is the risk that events specific to LET project will adversely affect the coin's price. This type of risk can be diversified away by owning several different digital assets on different exchanges whose coin prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that LET's price will be affected by overall cryptocurrency market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a LET crypto's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
It does not look like LET's alpha can have any bearing on the current valuation. Predicted Return Density |
| Returns |
LET Crypto Coin Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of LET is 267688.99. The daily returns are distributed with a variance of 0.0 and standard deviation of 0.07. The mean deviation of LET is currently at 0.02. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.
α | Alpha over Dow Jones | 0.00 | |
β | Beta against Dow Jones | 0.00 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -1.98 |
LET Crypto Coin Return Volatility
LET historical daily return volatility represents how much of LET crypto's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. Keep in mind that cryptocurrencies such as LET have only been around for a short time and are still in the price discovery phase. This means that prices will continue to change as investors and governments work through the initial concerns until prices stabilize, provided a stable point can be reached. LET assumes 0.0669% volatility of returns over the 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7777% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About LET Volatility
Volatility is a rate at which the price of LET or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of LET may increase or decrease. In other words, similar to LET's beta indicator, it measures the risk of LET and helps estimate the fluctuations that may happen in a short period of time. So if prices of LET fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.3 ways to utilize LET's volatility to invest better
Higher LET's crypto volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of LET crypto is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. LET crypto volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of LET investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in LET's crypto can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of LET's crypto relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
LET Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.78 and is 11.14 times more volatile than LET. 0 percent of all equities and portfolios are less risky than LET. You can use LET to protect your portfolios against small market fluctuations. The crypto coin experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of LET to be traded at $5.0E-4 in 90 days.LET Additional Risk Indicators
The analysis of LET's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in LET's investment and either accepting that risk or mitigating it. Along with some common measures of LET crypto coin's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | (0.11) | |||
| Mean Deviation | 0.0228 | |||
| Coefficient Of Variation | 307948.63 | |||
| Standard Deviation | 0.0659 | |||
| Variance | 0.0043 | |||
| Information Ratio | (1.98) | |||
| Total Risk Alpha | (0.02) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential crypto coins, we recommend comparing similar cryptos with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
LET Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
| Alphabet vs. LET | ||
| SentinelOne vs. LET | ||
| GM vs. LET | ||
| Citigroup vs. LET | ||
| Bank of America vs. LET | ||
| Empire State vs. LET | ||
| Visa vs. LET | ||
| Capri Holdings vs. LET | ||
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against LET as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. LET's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, LET's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to LET.
When determining whether LET offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LET'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 Let Crypto. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LET. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.