TRUE Market Value
| TRUE Crypto | USD 0.06 0.0002 0.33% |
| Symbol | TRUE |
TRUE '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'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.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in TRUE on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding TRUE or generate 0.0% return on investment in TRUE over 60 days. TRUE is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. TRUE is peer-to-peer digital currency powered by the Blockchain technology.
TRUE 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.1809 | |||
| Maximum Drawdown | 20.91 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 6.45 |
TRUE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRUE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRUE's standard deviation. In reality, there are many statistical measures that can use TRUE historical prices to predict the future TRUE's volatility.| Risk Adjusted Performance | 0.1759 | |||
| Jensen Alpha | 0.6654 | |||
| Total Risk Alpha | 0.1983 | |||
| Sortino Ratio | 0.221 | |||
| Treynor Ratio | 1.5 |
TRUE Backtested Returns
TRUE appears to be very volatile, given 3 months investment horizon. TRUE owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates digital coin had a 0.24% return per unit of standard deviation over the last 3 months. By evaluating TRUE's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please review TRUE's risk adjusted performance of 0.1759, and Coefficient Of Variation of 454.59 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TRUE's returns are expected to increase less than the market. However, during the bear market, the loss of holding TRUE is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
TRUE has very good predictability. Overlapping area represents the amount of predictability between TRUE 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 price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current TRUE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TRUE lagged returns against current returns
Autocorrelation, which is TRUE 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's crypto coin expected returns. We can calculate the autocorrelation of TRUE returns to help us make a trade decision. For example, suppose you find that TRUE 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 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 crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRUE 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 crypto coin over time.
Current vs Lagged Prices |
| Timeline |
TRUE Lagged Returns
When evaluating TRUE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRUE crypto coin have on its future price. TRUE 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 autocorrelation shows the relationship between TRUE crypto coin current value and its past values and can show if there is a momentum factor associated with investing in TRUE.
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 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TRUE'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 Crypto.Check out TRUE Correlation, TRUE Volatility and Investing Opportunities module to complement your research on TRUE. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
TRUE 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.