Conflux Network Price on December 4, 2024

CFX Crypto  USD 0.24  0.01  4.00%   
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 0.24, as last reported on the 4th of December, with the highest price reaching 0.25 and the lowest price hitting 0.23 during the day. Conflux Network is unusually volatile given 3 months investment horizon. Conflux Network secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that digital coin had a 0.19% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.28% are justified by taking the suggested risk. Use Conflux Network Mean Deviation of 4.9, downside deviation of 7.53, and Risk Adjusted Performance of 0.1555 to evaluate coin specific risk that cannot be diversified away.
  
Conflux Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1944

Best PortfolioBest Equity
Good Returns
Average Returns
Small ReturnsCFX
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns

Estimated Market Risk

 6.57
  actual daily
58
58% of assets are less volatile

Expected Return

 1.28
  actual daily
25
75% of assets have higher returns

Risk-Adjusted Return

 0.19
  actual daily
15
85% of assets perform better
Based on monthly moving average Conflux Network is performing at about 15% 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 December 4, 2024

It is possible to determine the worth of Conflux Network on a given historical date. On December 4, 2024 Conflux was worth 0.24 at the beginning of the trading date compared to the closed value of 0.24. 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
  0.26    0.29    0.24    0.25    123,096  
12/04/2024
  0.24    0.25    0.23    0.24    662,497  
Backtest Conflux Network  |  Conflux Network History  Previous
Open Value
0.24
0.24
Closing Value
19.95
Upside

Conflux Network Trading Date Momentum on December 4, 2024

On December 04 2024 Conflux Network was traded for  0.24  at the closing time. The maximum traded price for the trading interval was 0.25  and the lowest daily price was  0.23 . The daily volume was recorded at 662.5 K. The volume of trading on 4th of December 2024 did not affect price variability. The overall trading delta to the closing price today is 0.00% .

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.
A focus of Conflux Network technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Conflux Network trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Conflux Network Period Price Range

Low
December 4, 2024
0.00  NaN%
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 December 4, 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.
When determining whether Conflux Network offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Conflux Network'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 Conflux Network Crypto.
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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Please note, there is a significant difference between Conflux Network's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Conflux Network value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Conflux Network's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.