Ethereum Classic Market Value

ETC
 Crypto
  

USD 18.66  0.05  0.27%   

Ethereum Classic's market value is the price at which a share of Ethereum Classic stock trades on a public exchange. It measures the collective expectations of Ethereum Classic investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Ethereum Classic and determine expected loss or profit from investing in Ethereum Classic over a given investment horizon. Continue to Ethereum Classic Correlation, Ethereum Classic Volatility and Investing Opportunities module to complement your research on Ethereum Classic.
Symbol


Please note, there is a significant difference between Ethereum Classic's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Ethereum Classic value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Ethereum Classic's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

Ethereum Classic '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 Ethereum Classic'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 Ethereum Classic.
0.00
12/18/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/08/2022
0.00
If you would invest  0.00  in Ethereum Classic on December 18, 2020 and sell it all today you would earn a total of 0.00 from holding Ethereum Classic or generate 0.0% return on investment in Ethereum Classic over 720 days. Ethereum Classic is related to or competes with Bitcoin, Litecoin, Monero, Bitcoin Cash, Bitcoin SV, ZCash, and Arweave. Ethereum Classic is peer-to-peer digital currency powered by the Blockchain technology.

Ethereum Classic 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 Ethereum Classic'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 Ethereum Classic upside and downside potential and time the market with a certain degree of confidence.

Ethereum Classic Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ethereum Classic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ethereum Classic's standard deviation. In reality, there are many statistical measures that can use Ethereum Classic historical prices to predict the future Ethereum Classic's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Ethereum Classic'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. Please use the tools below to analyze the current value of Ethereum Classic in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
11.1417.0122.88
Details
Intrinsic
Valuation
LowReal ValueHigh
12.0417.9123.78
Details
Naive
Forecast
LowNext ValueHigh
13.8719.7425.61
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.9520.1823.41
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ethereum Classic. Your research has to be compared to or analyzed against Ethereum Classic's peers to derive any actionable benefits. When done correctly, Ethereum Classic's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Ethereum Classic.

Ethereum Classic Backtested Returns

Ethereum Classic secures Sharpe Ratio (or Efficiency) of -0.17, which denotes digital coin had -0.17% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any crypto is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Ethereum Classic exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Ethereum Classic Ethereum Classic Coefficient Of Variation" href="/invest/technicalIndicator/ETC.CC/Coefficient-Of-Variation">coefficient of variation of (680.85), and Mean Deviation of 3.88 to check the risk estimate we provide.
The crypto shows a Beta (market volatility) of -0.0752, which means not very significant fluctuations relative to the market. Let's try to break down what Ethereum's beta means in this case. As returns on the market increase, returns on owning Ethereum Classic are expected to decrease at a much lower rate. During the bear market, Ethereum Classic is likely to outperform the market. Even though it is essential to pay attention to Ethereum Classic historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any crypto's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Ethereum Classic exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.74  

Good predictability

Ethereum Classic has good predictability. Overlapping area represents the amount of predictability between Ethereum Classic time series from 18th of December 2020 to 13th of December 2021 and 13th of December 2021 to 8th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ethereum Classic price movement. The serial correlation of 0.74 indicates that around 74.0% of current Ethereum Classic price fluctuation can be explain by its past prices.
Correlation Coefficient0.74
Spearman Rank Test0.76
Residual Average0.0
Price Variance17.32

Ethereum Classic lagged returns against current returns

Autocorrelation, which is Ethereum Classic 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 Ethereum Classic's crypto coin expected returns. We can calculate the autocorrelation of Ethereum Classic returns to help us make a trade decision. For example, suppose you find that Ethereum Classic crypto coin has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Ethereum Classic 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 Ethereum Classic crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ethereum Classic crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ethereum Classic crypto coin over time.
   Current vs Lagged Prices   
Share
       Timeline  

Ethereum Classic Lagged Returns

When evaluating Ethereum Classic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ethereum Classic crypto coin have on its future price. Ethereum Classic 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, Ethereum Classic autocorrelation shows the relationship between Ethereum Classic crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Ethereum Classic.
   Regressed Prices   
Share
       Timeline  

Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ethereum Classic in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.

Pair Trading with Ethereum Classic

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 Ethereum Classic 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 Ethereum Classic will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ethereum Classic

+0.73BTCBitcoinPairCorr
+0.64XMRMoneroPairCorr
The ability to find closely correlated positions to Ethereum Classic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ethereum Classic 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 Ethereum Classic - 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 Ethereum Classic to buy it.
The correlation of Ethereum Classic is a statistical measure of how it moves in relation to other equities. 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 Ethereum Classic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ethereum Classic 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 Ethereum Classic 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.
Pair CorrelationCorrelation Matching
Continue to Ethereum Classic Correlation, Ethereum Classic Volatility and Investing Opportunities module to complement your research on Ethereum Classic. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Other Tools for Ethereum Crypto Coin

When running Ethereum Classic price analysis, check to measure Ethereum Classic's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Ethereum Classic is operating at the current time. Most of Ethereum Classic's value examination focuses on studying past and present price actions to predict the probability of Ethereum Classic's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Ethereum Classic's coin price. Additionally, you may evaluate how adding Ethereum Classic to your portfolios can decrease your overall portfolio volatility.
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