21Shares Ripple (Switzerland) Price on February 16, 2024
| AXRP Etf | CHF 42.74 6.22 17.03% |
If you're considering investing in 21Shares Etf, it is important to understand the factors that can impact its price. As of today, the current price of 21Shares Ripple stands at 42.74, as last reported on the 30th of November, with the highest price reaching 42.87 and the lowest price hitting 40.53 during the day. 21Shares Ripple is somewhat reliable given 3 months investment horizon. 21Shares Ripple XRP secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the etf had a 0.25% return per unit of risk over the last 3 months. We are able to interpolate and break down thirty different technical indicators, which can help you to evaluate if expected returns of 2.07% are justified by taking the suggested risk. Use 21Shares Ripple coefficient of variation of 397.68, and Mean Deviation of 5.19 to evaluate company specific risk that cannot be diversified away.
21Shares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
21Shares |
Sharpe Ratio = 0.25
| Best Portfolio | Best Equity | |||
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| Average Returns | AXRP | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 8.29 actual daily | 73 73% of assets are less volatile |
Expected Return
| 2.07 actual daily | 41 59% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average 21Shares Ripple is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 21Shares Ripple by adding it to a well-diversified portfolio.
21Shares Ripple Valuation on February 16, 2024
It is possible to determine the worth of 21Shares Ripple on a given historical date. On February 16, 2024 21Shares was worth 14.5 at the beginning of the trading date compared to the closed value of 14.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 21Shares Ripple etf. Still, in general, we apply an absolute valuation method to find 21Shares Ripple's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of 21Shares Ripple where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 21Shares Ripple's related companies.
| Open | High | Low | Close | Volume | |
| 14.03 | 14.03 | 13.99 | 13.99 | 95.00 | |
02/16/2024 | 14.50 | 14.50 | 14.45 | 14.45 | 310.00 |
| 14.30 | 14.30 | 14.21 | 14.21 | 785.00 |
| Backtest 21Shares Ripple | | | 21Shares Ripple History | Previous | Next |
21Shares Ripple Trading Date Momentum on February 16, 2024
| On February 19 2024 21Shares Ripple XRP was traded for 14.21 at the closing time. The highest price during the trading period was 14.30 and the lowest recorded bid was listed for 14.21 . The volume for the day was 785. This history from February 19, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.66% . The daily price change to the current price is 4.64% . |
About 21Shares Ripple Etf history
21Shares Ripple investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for 21Shares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 21Shares Ripple XRP will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing 21Shares Ripple stock prices may prove useful in developing a viable investing in 21Shares Ripple
21Shares Ripple Etf Technical Analysis
21Shares Ripple technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
21Shares Ripple Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
21Shares Ripple XRP cannot be verified against its exchange. Please verify the symbol is currently traded on SIX Swiss Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
21Shares Ripple November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how 21Shares Ripple etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 21Shares Ripple shares will generate the highest return on investment. By undertsting and applying 21Shares Ripple etf market strength indicators, traders can identify 21Shares Ripple XRP entry and exit signals to maximize returns
21Shares Ripple Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 21Shares Ripple's price direction in advance. Along with the technical and fundamental analysis of 21Shares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 21Shares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2013 | |||
| Jensen Alpha | 2.02 | |||
| Total Risk Alpha | 0.6903 | |||
| Sortino Ratio | 0.3672 | |||
| Treynor Ratio | 4.95 |
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Other Information on Investing in 21Shares Etf
21Shares Ripple financial ratios help investors to determine whether 21Shares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 21Shares with respect to the benefits of owning 21Shares Ripple security.