Conflux Network Price on October 21, 2024
| CFX Crypto | USD 0.18 0.02 12.50% |
If you're considering investing in Conflux Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Conflux Network stands at 0.18, as last reported on the 25th of November, with the highest price reaching 0.18 and the lowest price hitting 0.18 during the day. Conflux Network appears to be unusually risky, given 3 months investment horizon. Conflux Network secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that digital coin had a 0.11% return per unit of risk over the last 3 months. By analyzing Conflux Network's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please makes use of Conflux Network's Downside Deviation of 7.99, risk adjusted performance of 0.0541, and Mean Deviation of 4.35 to double-check if our risk estimates are consistent with your expectations.
Conflux Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Conflux |
Sharpe Ratio = 0.1142
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Estimated Market Risk
| 5.85 actual daily | 52 52% of assets are less volatile |
Expected Return
| 0.67 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Conflux Network is performing at about 8% 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 Conflux Network by adding it to a well-diversified portfolio.
Conflux Network Valuation on October 21, 2024
It is possible to determine the worth of Conflux Network on a given historical date. On October 21, 2024 Conflux was worth 0.16 at the beginning of the trading date compared to the closed value of 0.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Conflux Network crypto coin. Still, in general, we apply an absolute valuation method to find Conflux Network'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 Conflux Network where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Conflux Network's related companies.
| Open | High | Low | Close | Volume | |
| 0.16 | 0.16 | 0.16 | 0.16 | 17,595 | |
10/21/2024 | 0.16 | 0.16 | 0.16 | 0.16 | 3,201 |
| 0.16 | 0.16 | 0.14 | 0.15 | 1,791,662 |
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Conflux Network Trading Date Momentum on October 21, 2024
| On October 22 2024 Conflux Network was traded for 0.15 at the closing time. The maximum traded price for the trading interval was 0.16 and the lowest daily price was 0.14 . The daily volume was recorded at 1.8 M. The volume of trading on 22nd of October 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 6.25% . The overall trading delta to the closing price today is 12.50% . |
About Conflux Network Crypto Coin history
Conflux Network 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 Conflux is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Conflux Network 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.
Conflux Network Crypto Coin Technical Analysis
Conflux Network 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
Conflux Network Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Conflux Network 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.
Conflux Network November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Conflux Network 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 Conflux Network shares will generate the highest return on investment.
Conflux Network Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Conflux Network's price direction in advance. Along with the technical and fundamental analysis of Conflux Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Conflux 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 | 0.0541 | |||
| Jensen Alpha | 0.3209 | |||
| Total Risk Alpha | (0.61) | |||
| Sortino Ratio | 0.0287 | |||
| Treynor Ratio | 1.44 |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Conflux Network. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.