Decred Market Value

DCR
 Crypto
  

USD 20.42  1.15  5.97%   

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


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

Decred '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 Decred'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 Decred.
0.00
10/30/2022
No Change 0.00  0.0 
In 30 days
11/29/2022
0.00
If you would invest  0.00  in Decred on October 30, 2022 and sell it all today you would earn a total of 0.00 from holding Decred or generate 0.0% return on investment in Decred over 30 days. Decred is related to or competes with BCD, SLS, and FAIR. Decred is peer-to-peer digital currency powered by the Blockchain technology.

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

Decred Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Decred's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Decred's standard deviation. In reality, there are many statistical measures that can use Decred historical prices to predict the future Decred's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Decred'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 Decred in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
15.3320.4225.51
Details
Intrinsic
Valuation
LowReal ValueHigh
13.8318.9224.01
Details
Naive
Forecast
LowNext ValueHigh
17.8322.9128.00
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.1621.7126.26
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Decred. Your research has to be compared to or analyzed against Decred's peers to derive any actionable benefits. When done correctly, Decred'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 Decred.

Decred Backtested Returns

Decred secures Sharpe Ratio (or Efficiency) of -0.11, which denotes digital coin had -0.11% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in predicting 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. Decred exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Decred mean deviation of 3.48 to check the risk estimate we provide.
The crypto shows a Beta (market volatility) of -0.303, which means possible diversification benefits within a given portfolio. Let's try to break down what Decred's beta means in this case. As returns on the market increase, returns on owning Decred are expected to decrease at a much lower rate. During the bear market, Decred is likely to outperform the market. Even though it is essential to pay attention to Decred historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in predicting 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. Decred exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.48  

Modest reverse predictability

Decred has modest reverse predictability. Overlapping area represents the amount of predictability between Decred time series from 30th of October 2022 to 14th of November 2022 and 14th of November 2022 to 29th of November 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 Decred price movement. The serial correlation of -0.48 indicates that about 48.0% of current Decred price fluctuation can be explain by its past prices.
Correlation Coefficient-0.48
Spearman Rank Test-0.47
Residual Average0.0
Price Variance0.28

Decred lagged returns against current returns

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

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

Decred Lagged Returns

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

Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Decred in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.

Pair Trading with Decred

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

Moving together with Decred

+0.84BCDBCDPairCorr
The ability to find closely correlated positions to Decred could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Decred 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 Decred - 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 Decred to buy it.
The correlation of Decred 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 Decred moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Decred 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 Decred 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 Decred Correlation, Decred Volatility and Investing Opportunities module to complement your research on Decred. Note that the Decred information on this page should be used as a complementary analysis to other Decred'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

Other Tools for Decred Crypto Coin

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