Chroma Market Value

CHR
 Crypto
  

USD 0.20  0.02  9.09%   

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


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

Chroma '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 Chroma'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 Chroma.
0.00
05/31/2022
No Change 0.00  0.0 
In 30 days
06/30/2022
0.00
If you would invest  0.00  in Chroma on May 31, 2022 and sell it all today you would earn a total of 0.00 from holding Chroma or generate 0.0% return on investment in Chroma over 30 days. Chroma is related to or competes with XRP, Solana, Polkadot, FTX Token, Avalanche, Dai, and Chainlink. Chroma is peer-to-peer digital currency powered by the Blockchain technologyMore

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

Chroma Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chroma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chroma's standard deviation. In reality, there are many statistical measures that can use Chroma historical prices to predict the future Chroma's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Chroma'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 Chroma in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.010.169.50
Details
Intrinsic
Valuation
LowReal ValueHigh
0.010.199.53
Details
Naive
Forecast
LowNext ValueHigh
0.0040210.209.54
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.160.210.26
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chroma. Your research has to be compared to or analyzed against Chroma's peers to derive any actionable benefits. When done correctly, Chroma'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 Chroma.

Chroma Backtested Returns

Chroma secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that digital coin had -0.13% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing 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. Chroma exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Chroma mean deviation of 7.02, and Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide.
The crypto shows a Beta (market volatility) of 2.0745, which signifies a somewhat significant risk relative to the market. Let's try to break down what Chroma'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, Chroma will likely underperform. Even though it is essential to pay attention to Chroma historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing 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. Chroma exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.28  

Weak reverse predictability

Chroma has weak reverse predictability. Overlapping area represents the amount of predictability between Chroma time series from 31st of May 2022 to 15th of June 2022 and 15th of June 2022 to 30th 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 Chroma price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Chroma price fluctuation can be explain by its past prices.
Correlation Coefficient-0.28
Spearman Rank Test-0.62
Residual Average0.0
Price Variance0.0

Chroma lagged returns against current returns

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

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

Chroma Lagged Returns

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

Chroma Investors Sentiment

The influence of Chroma'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 Chroma. 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 Chroma 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, Chroma's short interest history, or implied volatility extrapolated from Chroma options trading.

Current Sentiment - CHR

Chroma Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in Chroma. What is your opinion about investing in Chroma? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Pair Trading with Chroma

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

Chroma Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Chroma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chroma 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 Chroma - 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 Chroma to buy it.
The correlation of Chroma 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 Chroma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chroma 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 Chroma 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, Chroma Correlation, Portfolio Optimization, Chroma Volatility, as well as analyze Investing Opportunities and Chroma Performance. Note that the Chroma information on this page should be used as a complementary analysis to other Chroma'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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Other Tools for Chroma Crypto Coin

When running Chroma price analysis, check to measure Chroma'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 Chroma is operating at the current time. Most of Chroma's value examination focuses on studying past and present price action to predict the probability of Chroma's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Chroma's price. Additionally, you may evaluate how the addition of Chroma to your portfolios can decrease your overall portfolio volatility.
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