Ethereum Market Value

ETH
 Crypto
  

USD 1,834  33.71  1.80%   

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


Please note, there is a significant difference between Ethereum's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Ethereum 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'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 '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'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.
0.00
07/20/2022
No Change 0.00  0.0 
In 30 days
08/19/2022
0.00
If you would invest  0.00  in Ethereum on July 20, 2022 and sell it all today you would earn a total of 0.00 from holding Ethereum or generate 0.0% return on investment in Ethereum over 30 days. Ethereum is related to or competes with Bitcoin, Litecoin, Monero, Bitcoin Cash, Ethereum Name, Bitcoin SV, and ZCash. Ethereum is peer-to-peer digital currency powered by the Blockchain technology.

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

Ethereum Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ethereum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ethereum's standard deviation. In reality, there are many statistical measures that can use Ethereum historical prices to predict the future Ethereum'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'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 in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
1,6811,8741,881
Details
Intrinsic
Valuation
LowReal ValueHigh
1,4051,4112,055
Details
Naive
Forecast
LowNext ValueHigh
2,0102,0162,023
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1,4181,7112,005
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ethereum. Your research has to be compared to or analyzed against Ethereum's peers to derive any actionable benefits. When done correctly, Ethereum'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.

Ethereum Backtested Returns

We consider Ethereum unusually volatile. Ethereum secures Sharpe Ratio (or Efficiency) of 0.0192, which denotes digital coin had 0.0192% of return per unit of risk over the last 3 months. Our standpoint towards predicting 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 Ethereum, which you can use to evaluate the future volatility of coin. Please confirm Ethereum Downside Deviation of 6.87, mean deviation of 4.7, and Coefficient Of Variation of 7023.7 to check if the risk estimate we provide is consistent with the expected return of 0.12%.
The crypto shows a Beta (market volatility) of 1.7609, which means a somewhat significant risk relative to the market. Let's try to break down what Ethereum's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ethereum will likely underperform. Although it is important to respect Ethereum historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards predicting 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 reviewing Ethereum technical indicators, you can presently evaluate if the expected return of 0.12% will be sustainable into the future.

Auto-correlation

    
  0.68  

Good predictability

Ethereum has good predictability. Overlapping area represents the amount of predictability between Ethereum time series from 20th of July 2022 to 4th of August 2022 and 4th of August 2022 to 19th of August 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 price movement. The serial correlation of 0.68 indicates that around 68.0% of current Ethereum price fluctuation can be explain by its past prices.
Correlation Coefficient0.68
Spearman Rank Test0.34
Residual Average0.0
Price Variance8315.37

Ethereum lagged returns against current returns

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

Ethereum 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 crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ethereum 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 crypto coin over time.
   Current vs Lagged Prices   
Share
       Timeline  

Ethereum Lagged Returns

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

Ethereum Investors Sentiment

The influence of Ethereum'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 Ethereum. 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 Ethereum's public news can be used to forecast risks associated with investment in Ethereum. The trend in average sentiment can be used to explain how an investor holding Ethereum can time the market purely based on public headlines and social activities around Ethereum. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Ethereum'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 Ethereum'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 Ethereum's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ethereum.
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 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

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

Moving together with Ethereum

0.81BTCBitcoinPairCorr
0.81DOGEDogecoinPairCorr
0.91LTCLitecoinPairCorr
0.92XMRMoneroPairCorr
The ability to find closely correlated positions to Ethereum 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 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 - 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 to buy it.
The correlation of Ethereum 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ethereum 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 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 Correlation, Ethereum Volatility and Investing Opportunities module to complement your research on Ethereum. Note that the Ethereum information on this page should be used as a complementary analysis to other Ethereum's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Other Tools for Ethereum Crypto Coin

When running Ethereum price analysis, check to measure Ethereum's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Ethereum is operating at the current time. Most of Ethereum's value examination focuses on studying past and present price actions to predict the probability of Ethereum'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's coin price. Additionally, you may evaluate how adding Ethereum to your portfolios can decrease your overall portfolio volatility.
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go