Chainlink Market Value

LINK Crypto  USD 14.01  0.95  6.35%   
Chainlink's market value is the price at which a share of Chainlink trades on a public exchange. It measures the collective expectations of Chainlink investors about its performance. Chainlink is trading at 14.01 as of the 21st of April 2024, a -6.35 percent decrease since the beginning of the trading day. With this module, you can estimate the performance of a buy and hold strategy of Chainlink and determine expected loss or profit from investing in Chainlink over a given investment horizon. Check out Chainlink Correlation, Chainlink Volatility and Investing Opportunities module to complement your research on Chainlink.

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

Chainlink '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 Chainlink'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 Chainlink.
No Change 0.00  0.0 
In 1 year 11 months and 21 days
If you would invest  0.00  in Chainlink on May 2, 2022 and sell it all today you would earn a total of 0.00 from holding Chainlink or generate 0.0% return on investment in Chainlink over 720 days. Chainlink is related to or competes with Solana, XRP, Open Network, Staked Ether, Ethena, Avalanche, and Sui. Chainlink is peer-to-peer digital currency powered by the Blockchain technology.

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

Chainlink Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chainlink's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chainlink's standard deviation. In reality, there are many statistical measures that can use Chainlink historical prices to predict the future Chainlink's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chainlink'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.
Band Projection (param)
LowerMiddle BandUpper
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chainlink. Your research has to be compared to or analyzed against Chainlink's peers to derive any actionable benefits. When done correctly, Chainlink's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Chainlink.

Chainlink Backtested Returns

We consider Chainlink very risky. Chainlink secures Sharpe Ratio (or Efficiency) of 0.0176, which signifies that digital coin had a 0.0176% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for Chainlink, which you can use to evaluate the volatility of coin. Please confirm Chainlink's risk adjusted performance of (0), and Mean Deviation of 3.4 to double-check if the risk estimate we provide is consistent with the expected return of 0.084%. The crypto shows a Beta (market volatility) of 1.35, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Chainlink will likely underperform.



Insignificant reverse predictability

Chainlink has insignificant reverse predictability. Overlapping area represents the amount of predictability between Chainlink time series from 2nd of May 2022 to 27th of April 2023 and 27th of April 2023 to 21st of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chainlink price movement. The serial correlation of -0.17 indicates that over 17.0% of current Chainlink price fluctuation can be explain by its past prices.
Correlation Coefficient-0.17
Spearman Rank Test0.06
Residual Average0.0
Price Variance25.72

Chainlink lagged returns against current returns

Autocorrelation, which is Chainlink 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 Chainlink's crypto coin expected returns. We can calculate the autocorrelation of Chainlink returns to help us make a trade decision. For example, suppose you find that Chainlink has exhibited high autocorrelation historically, and you observe that the crypto coin is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   

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

Chainlink Lagged Returns

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

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Chainlink offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Chainlink's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Chainlink Crypto.
Check out Chainlink Correlation, Chainlink Volatility and Investing Opportunities module to complement your research on Chainlink.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Chainlink technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.
A focus of Chainlink technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Chainlink trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...