21Shares Ripple (Switzerland) Market Value
| AXRP Etf | CHF 12.95 0.41 3.07% |
| Symbol | 21Shares |
Please note, there is a significant difference between 21Shares Ripple's value and its price as these two are different measures arrived at by different means. Investors typically determine if 21Shares Ripple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 21Shares Ripple's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
21Shares Ripple '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 21Shares Ripple's etf 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 21Shares Ripple.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in 21Shares Ripple on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding 21Shares Ripple XRP or generate 0.0% return on investment in 21Shares Ripple over 30 days. 21Shares Ripple is related to or competes with UBSFund Solutions, IShares Core, and Lyxor Japan. 21Shares Ripple is traded on Switzerland Exchange in Switzerland. More
21Shares Ripple 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 21Shares Ripple's etf 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 21Shares Ripple XRP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.75 | |||
| Information Ratio | 0.0011 | |||
| Maximum Drawdown | 29.76 | |||
| Value At Risk | (6.03) | |||
| Potential Upside | 6.78 |
21Shares Ripple Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Ripple's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Ripple's standard deviation. In reality, there are many statistical measures that can use 21Shares Ripple historical prices to predict the future 21Shares Ripple's volatility.| Risk Adjusted Performance | 0.021 | |||
| Jensen Alpha | 0.1158 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.001 | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 21Shares Ripple'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.
21Shares Ripple XRP Backtested Returns
We consider 21Shares Ripple somewhat reliable. 21Shares Ripple XRP secures Sharpe Ratio (or Efficiency) of 0.0306, which signifies that the etf had a 0.0306% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for 21Shares Ripple XRP, which you can use to evaluate the volatility of the entity. Please confirm 21Shares Ripple's coefficient of variation of 5053.58, and Mean Deviation of 2.91 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The entity shows a Beta (market volatility) of -0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 21Shares Ripple are expected to decrease at a much lower rate. During the bear market, 21Shares Ripple is likely to outperform the market.
Auto-correlation | 0.84 |
Very good predictability
21Shares Ripple XRP has very good predictability. Overlapping area represents the amount of predictability between 21Shares Ripple time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 21Shares Ripple XRP price movement. The serial correlation of 0.84 indicates that around 84.0% of current 21Shares Ripple price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
21Shares Ripple XRP lagged returns against current returns
Autocorrelation, which is 21Shares Ripple etf'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 21Shares Ripple's etf expected returns. We can calculate the autocorrelation of 21Shares Ripple returns to help us make a trade decision. For example, suppose you find that 21Shares Ripple has exhibited high autocorrelation historically, and you observe that the etf 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 |
21Shares Ripple 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 21Shares Ripple etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Ripple etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Ripple etf over time.
Current vs Lagged Prices |
| Timeline |
21Shares Ripple Lagged Returns
When evaluating 21Shares Ripple's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Ripple etf have on its future price. 21Shares Ripple 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, 21Shares Ripple autocorrelation shows the relationship between 21Shares Ripple etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Ripple XRP.
Regressed Prices |
| Timeline |
Pair Trading with 21Shares Ripple
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 21Shares Ripple 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 21Shares Ripple will appreciate offsetting losses from the drop in the long position's value.Moving together with 21Shares Etf
| 0.71 | JPNJPA | UBSFund Solutions MSCI | PairCorr |
| 0.73 | CSNKY | iShares VII PLC | PairCorr |
| 0.76 | CSSPX | iShares Core SP | PairCorr |
| 0.62 | LYJPN | Lyxor Japan UCITS | PairCorr |
Moving against 21Shares Etf
| 0.74 | LYSSL | Lyxor SMI Daily | PairCorr |
| 0.73 | XSDX | Xtrackers ShortDAX Daily | PairCorr |
| 0.59 | CLEU | Lyxor MSCI Europe | PairCorr |
The ability to find closely correlated positions to 21Shares Ripple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 21Shares Ripple 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 21Shares Ripple - 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 21Shares Ripple XRP to buy it.
The correlation of 21Shares Ripple 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 21Shares Ripple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 21Shares Ripple XRP 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 21Shares Ripple 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.Check out 21Shares Ripple Correlation, 21Shares Ripple Volatility and 21Shares Ripple Alpha and Beta module to complement your research on 21Shares Ripple. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
21Shares Ripple technical etf 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, etf market cycles, or different charting patterns.