TRON Market Value
| TRX Crypto | USD 0.21 0.01 5.00% |
| 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.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in TRON on November 30, 2023 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 360 days. TRON is related to or competes with Solana, XRP, Sui, Staked Ether, Toncoin, Worldcoin, and Avalanche. 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.
| Downside Deviation | 6.4 | |||
| Information Ratio | 0.0959 | |||
| Maximum Drawdown | 24.01 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 6.67 |
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 | 0.1096 | |||
| Jensen Alpha | 0.4538 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0534 | |||
| Treynor Ratio | 6.39 |
TRON Backtested Returns
TRON appears to be very volatile, given 3 months investment horizon. TRON owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates digital coin had a 0.13% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for TRON, which you can use to evaluate the volatility of coin. Please review TRON's risk adjusted performance of 0.1096, and Coefficient Of Variation of 753.95 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.0724, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TRON's returns are expected to increase less than the market. However, during the bear market, the loss of holding TRON is expected to be smaller as well.
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 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th of November 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 | 1.0 | |
| 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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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.