Tranchess Performance

CHESS -  USA Crypto  

USD 0.27  0.01  3.57%

The entity has a beta of 1.6266, 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. Even though it is essential to pay attention to Tranchess current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring 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. Tranchess exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
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Tranchess Performance
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Over the last 90 days Tranchess has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in July 2022. The current disturbance may also be a sign of long term up-swing for Tranchess investors. ...more

Tranchess Price Channel

Tranchess Relative Risk vs. Return Landscape

If you would invest  93.00  in Tranchess on March 27, 2022 and sell it today you would lose (66.00)  from holding Tranchess or give up 70.97% of portfolio value over 90 days. Tranchess is generating negative expected returns and assumes 9.7581% volatility on return distribution over the 90 days horizon. Simply put, 84% of crypto coins are less volatile than Tranchess, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days trading horizon Tranchess is expected to under-perform the market. In addition to that, the company is 6.79 times more volatile than its market benchmark. It trades about -0.14 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.11 per unit of volatility.

Tranchess Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tranchess' investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Tranchess, and traders can use it to determine the average amount a Tranchess' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.142

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Negative ReturnsCHESS
Estimated Market Risk
 9.76
  actual daily
 
 84 %
of total potential
 
8484
Expected Return
 -1.39
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 0 %
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Risk-Adjusted Return
 -0.14
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Based on monthly moving average Tranchess is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tranchess by adding it to a well-diversified portfolio.

About Tranchess Performance

To evaluate Tranchess Crypto Coin as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Tranchess generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Tranchess Crypto Coin's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Tranchess stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Tranchess's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Tranchess is peer-to-peer digital currency powered by the Blockchain technology. Tranchess Swap is the marketplace to trade QUEEN, BISHOP and ROOK with USDC.CHESS is the governance token of the Tranchess community.Telegram Discord Medium

Things to note about Tranchess

Checking the ongoing alerts about Tranchess for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tranchess help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Tranchess Alerts

Equity Alerts and Improvement Suggestions

Tranchess generated a negative expected return over the last 90 days
Tranchess has high historical volatility and very poor performance
Tranchess has some characteristics of a very speculative cryptocurrency
Continue to Trending Equities. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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.
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