STEPN Market Value

GMT
 Crypto
  

USD 0.97  0.10  9.35%   

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


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

STEPN '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 STEPN'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 STEPN.
0.00
07/20/2022
No Change 0.00  0.0 
In 31 days
08/19/2022
0.00
If you would invest  0.00  in STEPN on July 20, 2022 and sell it all today you would earn a total of 0.00 from holding STEPN or generate 0.0% return on investment in STEPN over 30 days. STEPN is related to or competes with XRP, Solana, Avalanche, Polkadot, FTX Token, Polygon, and Uniswap Protocol. STEPN is peer-to-peer digital currency powered by the Blockchain technology.

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

STEPN Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for STEPN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STEPN's standard deviation. In reality, there are many statistical measures that can use STEPN historical prices to predict the future STEPN's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of STEPN'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 STEPN in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.000.009.04
Details
Intrinsic
Valuation
LowReal ValueHigh
0.000.009.04
Details
Naive
Forecast
LowNext ValueHigh
0.0218751.0910.13
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.820.941.06
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as STEPN. Your research has to be compared to or analyzed against STEPN's peers to derive any actionable benefits. When done correctly, STEPN'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 STEPN.

STEPN Backtested Returns

STEPN owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0168, which indicates digital coin had -0.0168% of return per unit of volatility over the last 3 months. Macroaxis approach towards measuring 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. STEPN exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate STEPN risk adjusted performance of (0.024605), and Coefficient Of Variation of (3,722) to confirm the risk estimate we provide.
The entity has a beta of 1.1645, which indicates a somewhat significant risk relative to the market. Let's try to break down what STEPN'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, STEPN will likely underperform. Even though it is essential to pay attention to STEPN current price movements, it is always good to be careful when utilizing equity historical returns. Our approach towards measuring 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. STEPN exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.15  

Insignificant predictability

STEPN has insignificant predictability. Overlapping area represents the amount of predictability between STEPN 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 STEPN price movement. The serial correlation of 0.15 indicates that less than 15.0% of current STEPN price fluctuation can be explain by its past prices.
Correlation Coefficient0.15
Spearman Rank Test-0.55
Residual Average0.0
Price Variance0.0

STEPN lagged returns against current returns

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

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

STEPN Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in STEPN without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as STEPN using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check STEPN Correlation, STEPN Volatility and Investing Opportunities module to complement your research on STEPN. Note that the STEPN information on this page should be used as a complementary analysis to other STEPN'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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Other Tools for STEPN Crypto Coin

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