Frax Price on July 14, 2023
| FRAX Crypto | USD 0.99 0.01 1.02% |
If you're considering investing in Frax Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Frax stands at 0.99, as last reported on the 30th of January, with the highest price reaching 0.99 and the lowest price hitting 0.99 during the day. At this point, Frax is relatively risky. Frax secures Sharpe Ratio (or Efficiency) of 0.0186, which denotes digital coin had a 0.0186 % return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for Frax, which you can use to evaluate the volatility of coin. Please confirm Frax's Mean Deviation of 0.8024, standard deviation of 1.3, and Coefficient Of Variation of (3,354) to check if the risk estimate we provide is consistent with the expected return of 0.0243%.
Frax Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Frax |
Sharpe Ratio = 0.0186
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FRAX |
Estimated Market Risk
| 1.31 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Frax is performing at about 1% 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 Frax by adding it to a well-diversified portfolio.
Frax Valuation on July 14, 2023
It is possible to determine the worth of Frax on a given historical date. On July 14, 2023 Frax was worth 1.0 at the beginning of the trading date compared to the closed value of 1.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Frax crypto coin. Still, in general, we apply an absolute valuation method to find Frax'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 Frax where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Frax's related companies.
| Open | High | Low | Close | Volume | |
| 1.01 | 1.02 | 0.99 | 1.00 | 1.00 | |
07/14/2023 | 1.00 | 1.01 | 0.99 | 1.00 | 3.71 |
| 0.96 | 0.97 | 0.95 | 0.96 | 427.48 |
| Backtest Frax | | | Frax History | Previous | Next |
Frax Trading Date Momentum on July 14, 2023
| On May 25 2024 Frax was traded for 0.96 at the closing time. The highest price during the trading period was 0.97 and the lowest recorded bid was listed for 0.95 . The volume for the day was 427. This history from May 25, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 4.00% . The overall trading delta to the current price is 4.00% . |
About Frax Crypto Coin history
Frax 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 Frax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Frax 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.
Frax Crypto Coin Technical Analysis
Frax 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
Frax Period Price Range
Low | January 30, 2025
| High |
0.00 | 0.00 |
Frax 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.
Frax January 30, 2025 Market Strength
Market strength indicators help investors to evaluate how Frax 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 Frax shares will generate the highest return on investment.
Frax Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Frax's price direction in advance. Along with the technical and fundamental analysis of Frax Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Frax 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 | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.4017 |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Frax. 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.