Coinbase Wrapped Price on October 21, 2024
| CBETH Crypto | USD 3,734 58.07 1.58% |
If you're considering investing in Coinbase Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Coinbase Wrapped stands at 3,734, as last reported on the 26th of November, with the highest price reaching 3,740 and the lowest price hitting 3,679 during the day. Coinbase Wrapped appears to be very volatile, given 3 months investment horizon. Coinbase Wrapped Staked secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that digital coin had a 0.16% return per unit of risk over the last 3 months. By analyzing Coinbase Wrapped's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of Coinbase Wrapped's Downside Deviation of 3.72, risk adjusted performance of 0.0868, and Mean Deviation of 2.68 to double-check if our risk estimates are consistent with your expectations.
Coinbase Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Coinbase |
Sharpe Ratio = 0.1574
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.51 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.55 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Coinbase Wrapped is performing at about 12% 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 Coinbase Wrapped by adding it to a well-diversified portfolio.
Coinbase Wrapped Valuation on October 21, 2024
It is possible to determine the worth of Coinbase Wrapped on a given historical date. On October 21, 2024 Coinbase was worth 2885.29 at the beginning of the trading date compared to the closed value of 2828.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Coinbase Wrapped crypto coin. Still, in general, we apply an absolute valuation method to find Coinbase Wrapped'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 Coinbase Wrapped where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Coinbase Wrapped's related companies.
| Open | High | Low | Close | Volume | |
| 2,856 | 2,879 | 2,774 | 2,866 | 2,815,077 | |
10/21/2024 | 2,885 | 2,886 | 2,760 | 2,829 | 1,493,283 |
| 2,829 | 2,839 | 2,655 | 2,729 | 588,502 |
| Backtest Coinbase Wrapped | | | Coinbase Wrapped History | Previous | Next |
Coinbase Wrapped Trading Date Momentum on October 21, 2024
| On October 22 2024 Coinbase Wrapped Staked was traded for 2,729 at the closing time. The highest price during the trading period was 2,839 and the lowest recorded bid was listed for 2,655 . The volume for the day was 588.5 K. This history from October 22, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 3.54% . The overall trading delta to the current price is 3.89% . |
About Coinbase Wrapped Crypto Coin history
Coinbase Wrapped 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 Coinbase is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Coinbase Wrapped Staked 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.
Coinbase Wrapped Crypto Coin Technical Analysis
Coinbase Wrapped 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.
Price Boundaries
Coinbase Wrapped Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Coinbase Wrapped Staked cannot be verified against its exchange. Please verify the symbol is currently traded on CRYPTO Exchanges. 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.
Coinbase Wrapped November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Coinbase Wrapped crypto coin reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Coinbase Wrapped shares will generate the highest return on investment.
Coinbase Wrapped Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Coinbase Wrapped's price direction in advance. Along with the technical and fundamental analysis of Coinbase Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Coinbase 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 | 0.0868 | |||
| Jensen Alpha | 0.228 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0687 | |||
| Treynor Ratio | 0.3062 |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coinbase Wrapped Staked. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.