Tranchess Market Value

CHESS
  

USD 0.38  0.01  2.56%   

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


Please note, there is a significant difference between Tranchess' value and its price as these two are different measures arrived at by different means. Investors typically determine Tranchess value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tranchess' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Tranchess '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 Tranchess' 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 Tranchess.
0.00
07/13/2021
No Change 0.00  0.0 
In 1 year and 26 days
08/07/2022
0.00
If you would invest  0.00  in Tranchess on July 13, 2021 and sell it all today you would earn a total of 0.00 from holding Tranchess or generate 0.0% return on investment in Tranchess over 390 days. Tranchess is related to or competes with XRP, Solana, Polkadot, Avalanche, FTX Token, Polygon, and Uniswap Protocol. Tranchess is peer-to-peer digital currency powered by the Blockchain technologyMore

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

Tranchess Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tranchess' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tranchess' standard deviation. In reality, there are many statistical measures that can use Tranchess historical prices to predict the future Tranchess' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Tranchess' 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 Tranchess in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.020.389.80
Details
Intrinsic
Valuation
LowReal ValueHigh
0.020.309.72
Details
Naive
Forecast
LowNext ValueHigh
0.0076240.389.81
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.350.390.43
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tranchess. Your research has to be compared to or analyzed against Tranchess' peers to derive any actionable benefits. When done correctly, Tranchess' 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 Tranchess.

Tranchess Backtested Returns

Tranchess appears to be abnormally risky, given 3 months investment horizon. Tranchess owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0577, which indicates digital coin had 0.0577% 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. By inspecting Tranchess technical indicators you can presently evaluate if the expected return of 0.54% is justified by implied risk. Please review Tranchess' Risk Adjusted Performance of 0.0141, coefficient of variation of 24750.62, and Semi Deviation of 10.51 to confirm if our risk estimates are consistent with your expectations.
The entity has a beta of 2.3797, which indicates a somewhat significant risk relative to the market. Let's try to break down what Tranchess'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, Tranchess will likely underperform. Although it is vital to follow Tranchess current price movements, it is good to be conservative about what you can do with the information regarding equity 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. We have found twenty-one technical indicators for Tranchess, which you can use to evaluate the performance of the crypto.

Auto-correlation

    
  -0.59  

Good reverse predictability

Tranchess has good reverse predictability. Overlapping area represents the amount of predictability between Tranchess time series from 13th of July 2021 to 24th of January 2022 and 24th of January 2022 to 7th 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 Tranchess price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Tranchess price fluctuation can be explain by its past prices.
Correlation Coefficient-0.59
Spearman Rank Test-0.15
Residual Average0.0
Price Variance0.02

Tranchess lagged returns against current returns

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

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

Tranchess Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tranchess without increasing your portfolio risk or giving up 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.

Did you try this?

Run Equity Valuation Now

   

Equity Valuation

Check real value of public entities based on technical and fundamental data
All  Next Launch Module

Pair Trading with Tranchess

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

Moving together with Tranchess

0.68XRPXRPPairCorr
0.63SOLSolanaPairCorr
The ability to find closely correlated positions to Tranchess could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tranchess 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 Tranchess - 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 Tranchess to buy it.
The correlation of Tranchess 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 Tranchess moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tranchess 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 Tranchess 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 Bitcoin Browser, Tranchess Correlation, Portfolio Optimization, Tranchess Volatility, as well as analyze Investing Opportunities and Tranchess Performance. Note that the Tranchess information on this page should be used as a complementary analysis to other Tranchess' 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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Other Tools for Tranchess Crypto Coin

When running Tranchess price analysis, check to measure Tranchess' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tranchess is operating at the current time. Most of Tranchess' value examination focuses on studying past and present price action to predict the probability of Tranchess' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Tranchess' price. Additionally, you may evaluate how the addition of Tranchess to your portfolios can decrease your overall portfolio volatility.
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
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
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go