True USD Market Value
| TUSD Crypto | USD 1.00 0.00 0.00% |
| Symbol | True |
True USD '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 True USD'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 True USD.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in True USD on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding True USD or generate 0.0% return on investment in True USD over 60 days. True USD is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. True USD is peer-to-peer digital currency powered by the Blockchain technology.
True USD 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 True USD'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 True USD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 2.01 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.01 |
True USD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for True USD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as True USD's standard deviation. In reality, there are many statistical measures that can use True USD historical prices to predict the future True USD's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.4717 |
True USD Backtested Returns
At this point, True USD is relatively risky. True USD owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0017, which indicates digital coin had a 0.0017% return per unit of risk over the last 3 months. We have found eighteen technical indicators for True USD, which you can use to evaluate the volatility of coin. Please validate True USD's Risk Adjusted Performance of (0.01), coefficient of variation of 57597.1, and Variance of 0.1243 to confirm if the risk estimate we provide is consistent with the expected return of 6.0E-4%. The entity has a beta of -0.0199, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning True USD are expected to decrease at a much lower rate. During the bear market, True USD is likely to outperform the market.
Auto-correlation | -0.22 |
Weak reverse predictability
True USD has weak reverse predictability. Overlapping area represents the amount of predictability between True USD time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 True USD price movement. The serial correlation of -0.22 indicates that over 22.0% of current True USD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
True USD lagged returns against current returns
Autocorrelation, which is True USD 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 True USD's crypto coin expected returns. We can calculate the autocorrelation of True USD returns to help us make a trade decision. For example, suppose you find that True USD 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 |
True USD 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 True USD crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if True USD crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in True USD crypto coin over time.
Current vs Lagged Prices |
| Timeline |
True USD Lagged Returns
When evaluating True USD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of True USD crypto coin have on its future price. True USD 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, True USD autocorrelation shows the relationship between True USD crypto coin current value and its past values and can show if there is a momentum factor associated with investing in True USD.
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 True USD offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of True USD'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 True Usd Crypto.Check out True USD Correlation, True USD Volatility and Investing Opportunities module to complement your research on True USD. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
True USD 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.