Solana Market Value

SOL Crypto  USD 151.28  8.75  6.14%   
Solana's market value is the price at which a share of Solana trades on a public exchange. It measures the collective expectations of Solana investors about its performance. Solana is trading at 151.28 as of the 22nd of April 2024, a 6.14% increase since the beginning of the trading day. 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. Check out Solana Correlation, Solana Volatility and Investing Opportunities module to complement your research on Solana.

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.
No Change 0.00  0.0 
In 31 days
If you would invest  0.00  in Solana on March 23, 2024 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, Open Network, Staked Ether, Ethena, Avalanche, Chainlink, and Sui. 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, anticipate that 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.
Band Projection (param)
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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 toward taking a position in Solana.

Solana Backtested Returns

Solana appears to be very risky, given 3 months investment horizon. Solana owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates digital coin had a 0.2% return per unit of risk over the last 3 months. By inspecting Solana's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please review Solana's Coefficient Of Variation of 572.29, semi deviation of 4.1, and Risk Adjusted Performance of 0.1157 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.36, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Solana will likely underperform.



Poor predictability

Solana has poor predictability. Overlapping area represents the amount of predictability between Solana time series from 23rd of March 2024 to 7th of April 2024 and 7th of April 2024 to 22nd of April 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 Solana price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Solana price fluctuation can be explain by its past prices.
Correlation Coefficient0.26
Spearman Rank Test0.29
Residual Average0.0
Price Variance209.65

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 has exhibited high autocorrelation historically, and you observe that the crypto coin 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   

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   

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   

Currently Active Assets on Macroaxis

When determining whether Solana offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Solana's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Solana Crypto.
Check out Solana Correlation, Solana Volatility and Investing Opportunities module to complement your research on Solana.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Solana technical crypto coin 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, crypto market cycles, or different charting patterns.
A focus of Solana technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Solana trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...