Solana Market Value

SOL
 Crypto
  

USD 33.93  1.38  4.24%   

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


Please note, there is a significant difference between Solana's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Solana 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, Solana's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

Solana '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 Solana'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 Solana.
0.00
09/01/2022
No Change 0.00  0.0 
In 31 days
10/01/2022
0.00
If you would invest  0.00  in Solana on September 1, 2022 and sell it all today you would earn a total of 0.00 from holding Solana or generate 0.0% return on investment in Solana over 30 days. Solana is related to or competes with XRP, Polkadot, Chainlink, Polygon, FTX Token, Avalanche, and Uniswap Protocol. Solana is peer-to-peer digital currency powered by the Blockchain technology.

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

Solana Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Solana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solana's standard deviation. In reality, there are many statistical measures that can use Solana historical prices to predict the future Solana's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Solana'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 Solana in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
28.8633.9339.00
Details
Intrinsic
Valuation
LowReal ValueHigh
25.4130.4835.55
Details
Naive
Forecast
LowNext ValueHigh
26.7431.8136.89
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
29.9832.8235.65
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Solana. Your research has to be compared to or analyzed against Solana's peers to derive any actionable benefits. When done correctly, Solana'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 Solana.

Solana Backtested Returns

We consider Solana extremely risky. Solana owns Efficiency Ratio (i.e., Sharpe Ratio) of 1.0E-4, which indicates digital coin had 1.0E-4% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a crypto is to use all available market data together with crypto-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Solana, which you can use to evaluate the future volatility of coin. Please validate Solana Risk Adjusted Performance of 0.0364, semi deviation of 5.24, and Coefficient Of Variation of 3978.87 to confirm if the risk estimate we provide is consistent with the expected return of 5.0E-4%.
The entity has a beta of 0.4453, which indicates possible diversification benefits within a given portfolio. Let's try to break down what Solana's beta means in this case. As returns on the market increase, Solana returns are expected to increase less than the market. However, during the bear market, the loss on holding Solana will be expected to be smaller as well. Although it is important to respect Solana current price movements, it is better to be realistic regarding the information on the equity's historical returns. The philosophy towards measuring future performance of any crypto is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting Solana technical indicators, you can presently evaluate if the expected return of 5.0E-4% will be sustainable into the future.

Auto-correlation

    
  0.58  

Modest predictability

Solana has modest predictability. Overlapping area represents the amount of predictability between Solana time series from 1st of September 2022 to 16th of September 2022 and 16th of September 2022 to 1st of October 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 Solana price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Solana price fluctuation can be explain by its past prices.
Correlation Coefficient0.58
Spearman Rank Test0.71
Residual Average0.0
Price Variance0.92

Solana lagged returns against current returns

Autocorrelation, which is Solana 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 Solana's crypto coin expected returns. We can calculate the autocorrelation of Solana returns to help us make a trade decision. For example, suppose you find that Solana 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  

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

Solana Lagged Returns

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

Solana Investors Sentiment

The influence of Solana's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Solana. The overall investor sentiment generally increases the direction of a crypto movement in a one-year investment horizon. However, the impact of investor sentiment on the entire crypto markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Solana's public news can be used to forecast risks associated with investment in Solana. The trend in average sentiment can be used to explain how an investor holding Solana can time the market purely based on public headlines and social activities around Solana. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Solana's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Solana's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Solana's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Solana.
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 Solana 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.

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Additionally, take a look at Solana Correlation, Solana Volatility and Investing Opportunities module to complement your research on Solana. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Other Tools for Solana Crypto Coin

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