TRON Market Value
| TRX Crypto | USD 0.11 0.01 8.33% |
| Symbol | TRON |
TRON '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 TRON'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 TRON.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in TRON on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding TRON or generate 0.0% return on investment in TRON over 30 days. TRON is related to or competes with Solana, XRP, Open Network, Staked Ether, Avalanche, Chainlink, and Ethena. TRON is peer-to-peer digital currency powered by the Blockchain technology.
TRON 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 TRON'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 TRON upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 24.48 | |||
| Potential Upside | 7.69 |
TRON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRON's standard deviation. In reality, there are many statistical measures that can use TRON historical prices to predict the future TRON's volatility.| Risk Adjusted Performance | 0.018 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.0362 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TRON'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.
TRON Backtested Returns
We consider TRON very volatile. TRON owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0163, which indicates digital coin had a 0.0163% return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for TRON, which you can use to evaluate the volatility of coin. Please validate TRON's risk adjusted performance of 0.018, and Variance of 10.01 to confirm if the risk estimate we provide is consistent with the expected return of 0.0523%. The entity has a beta of 1.12, which indicates a somewhat significant risk relative to the market. TRON returns are very sensitive to returns on the market. As the market goes up or down, TRON is expected to follow.
Auto-correlation | 0.00 |
No correlation between past and present
TRON has no correlation between past and present. Overlapping area represents the amount of predictability between TRON time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 TRON price movement. The serial correlation of 0.0 indicates that just 0.0% of current TRON price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TRON lagged returns against current returns
Autocorrelation, which is TRON 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 TRON's crypto coin expected returns. We can calculate the autocorrelation of TRON returns to help us make a trade decision. For example, suppose you find that TRON 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 |
| Timeline |
TRON 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 TRON crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRON crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRON crypto coin over time.
Current vs Lagged Prices |
| Timeline |
TRON Lagged Returns
When evaluating TRON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRON crypto coin have on its future price. TRON 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, TRON autocorrelation shows the relationship between TRON crypto coin current value and its past values and can show if there is a momentum factor associated with investing in TRON.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether TRON offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TRON'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 Tron Crypto.Check out TRON Correlation, TRON Volatility and Investing Opportunities module to complement your research on TRON. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
TRON 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.