Pirate Chain Market Value

ARRR
 Crypto
  

USD 0.46  0.0207  4.71%   

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


Please note, there is a significant difference between Pirate Chain's value and its price as these two are different measures arrived at by different means. Investors typically determine Pirate Chain value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pirate Chain's 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.

Pirate Chain '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 Pirate Chain'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 Pirate Chain.
0.00
05/29/2022
No Change 0.00  0.0 
In 30 days
06/28/2022
0.00
If you would invest  0.00  in Pirate Chain on May 29, 2022 and sell it all today you would earn a total of 0.00 from holding Pirate Chain or generate 0.0% return on investment in Pirate Chain over 30 days. Pirate Chain is related to or competes with ZCash, Bitcoin Gold, and Horizen. Pirate Chain is peer-to-peer digital currency powered by the Blockchain technologyMore

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

Pirate Chain Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pirate Chain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pirate Chain's standard deviation. In reality, there are many statistical measures that can use Pirate Chain historical prices to predict the future Pirate Chain's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Pirate Chain'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 Pirate Chain in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.020.467.16
Details
Intrinsic
Valuation
LowReal ValueHigh
0.020.447.14
Details
Naive
Forecast
LowNext ValueHigh
0.0065120.337.03
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.340.540.75
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Pirate Chain. Your research has to be compared to or analyzed against Pirate Chain's peers to derive any actionable benefits. When done correctly, Pirate Chain'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 Pirate Chain.

Pirate Chain Backtested Returns

Pirate Chain maintains Sharpe Ratio (i.e., Efficiency) of -0.33, which implies digital coin had -0.33% of return per unit of risk over the last 3 months. Macroaxis standpoint towards forecasting 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. Pirate Chain exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Pirate Chain risk adjusted performance of (0.46), and Coefficient Of Variation of (303.54) to confirm the risk estimate we provide.
The crypto holds a Beta of 0.4232, which implies possible diversification benefits within a given portfolio. Let's try to break down what Pirate's beta means in this case. As returns on the market increase, Pirate Chain returns are expected to increase less than the market. However, during the bear market, the loss on holding Pirate Chain will be expected to be smaller as well. Even though it is essential to pay attention to Pirate Chain current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting 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. Pirate Chain exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.58  

Good reverse predictability

Pirate Chain has good reverse predictability. Overlapping area represents the amount of predictability between Pirate Chain time series from 29th of May 2022 to 13th of June 2022 and 13th of June 2022 to 28th of June 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 Pirate Chain price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Pirate Chain price fluctuation can be explain by its past prices.
Correlation Coefficient-0.58
Spearman Rank Test-0.52
Residual Average0.0
Price Variance0.0

Pirate Chain lagged returns against current returns

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

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

Pirate Chain Lagged Returns

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

Pirate Chain Investors Sentiment

The influence of Pirate Chain'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 Pirate. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pirate Chain in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pirate Chain's short interest history, or implied volatility extrapolated from Pirate Chain options trading.

Current Sentiment - ARRR

Pirate Chain Investor Sentiment

Macroaxis portfolio users are unresponsive in their sentiment towards investing in Pirate Chain. What is your perspective on investing in Pirate Chain? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Pair Trading with Pirate Chain

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

Pirate Chain Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Pirate Chain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pirate Chain 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 Pirate Chain - 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 Pirate Chain to buy it.
The correlation of Pirate Chain 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 Pirate Chain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pirate Chain 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 Pirate Chain 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
Please continue to Bitcoin Browser, Pirate Chain Correlation, Portfolio Optimization, Pirate Chain Volatility, as well as analyze Investing Opportunities and Pirate Chain Performance. Note that the Pirate Chain information on this page should be used as a complementary analysis to other Pirate Chain'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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Other Tools for Pirate Crypto Coin

When running Pirate Chain price analysis, check to measure Pirate Chain's 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 Pirate Chain is operating at the current time. Most of Pirate Chain's value examination focuses on studying past and present price action to predict the probability of Pirate Chain's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Pirate Chain's price. Additionally, you may evaluate how the addition of Pirate Chain to your portfolios can decrease your overall portfolio volatility.
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go