TNB Market Value
| TNB Crypto | USD 0.000087 0.000001 1.14% |
| Symbol | TNB |
TNB '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 TNB'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 TNB.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in TNB on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding TNB or generate 0.0% return on investment in TNB over 90 days. TNB is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. TNB is peer-to-peer digital currency powered by the Blockchain technology.
TNB 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 TNB'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 TNB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | 0.2057 | |||
| Maximum Drawdown | 20.17 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 6.12 |
TNB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TNB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TNB's standard deviation. In reality, there are many statistical measures that can use TNB historical prices to predict the future TNB's volatility.| Risk Adjusted Performance | 0.1974 | |||
| Jensen Alpha | 0.7698 | |||
| Total Risk Alpha | 0.2532 | |||
| Sortino Ratio | 0.2188 | |||
| Treynor Ratio | 4.26 |
TNB Backtested Returns
TNB appears to be very volatile, given 3 months investment horizon. TNB retains Efficiency (Sharpe Ratio) of 0.26, which indicates digital coin had a 0.26% return per unit of volatility over the last 3 months. By inspecting TNB's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please review TNB's risk adjusted performance of 0.1974, and Downside Deviation of 3.04 to confirm if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TNB's returns are expected to increase less than the market. However, during the bear market, the loss of holding TNB is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
TNB has modest predictability. Overlapping area represents the amount of predictability between TNB time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th 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 TNB price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current TNB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TNB lagged returns against current returns
Autocorrelation, which is TNB 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 TNB's crypto coin expected returns. We can calculate the autocorrelation of TNB returns to help us make a trade decision. For example, suppose you find that TNB 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 |
TNB 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 TNB crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TNB crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TNB crypto coin over time.
Current vs Lagged Prices |
| Timeline |
TNB Lagged Returns
When evaluating TNB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TNB crypto coin have on its future price. TNB 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, TNB autocorrelation shows the relationship between TNB crypto coin current value and its past values and can show if there is a momentum factor associated with investing in TNB.
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 TNB offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TNB'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 Tnb Crypto.Check out TNB Correlation, TNB Volatility and Investing Opportunities module to complement your research on TNB. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
TNB 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.