Gala Price on January 29, 2024
| GALA Crypto | USD 0.04 0 6.53% |
If you're considering investing in Gala Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Gala stands at 0.04, as last reported on the 25th of November, with the highest price reaching 0.04 and the lowest price hitting 0.04 during the day. Gala is unusually risky given 3 months investment horizon. Gala holds Efficiency (Sharpe) Ratio of 0.19, which attests that digital coin had a 0.19% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use Gala Downside Deviation of 5.97, market risk adjusted performance of 6.3, and Risk Adjusted Performance of 0.1224 to evaluate coin specific risk that cannot be diversified away.
Gala Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Gala |
Sharpe Ratio = 0.1893
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.06 actual daily | 53 53% of assets are less volatile |
Expected Return
| 1.15 actual daily | 22 78% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Gala is performing at about 14% 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 Gala by adding it to a well-diversified portfolio.
Gala Valuation on January 29, 2024
It is possible to determine the worth of Gala on a given historical date. On January 29, 2024 Gala was worth 0.0268 at the beginning of the trading date compared to the closed value of 0.0261. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gala crypto coin. Still, in general, we apply an absolute valuation method to find Gala'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 Gala where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gala's related companies.
| Open | High | Low | Close | Volume | |
| 0.03 | 0.03 | 0.03 | 0.03 | 70,233,343 | |
07/21/2023 | 0.03 | 0.03 | 0.03 | 0.03 | 16,969,690 |
| 0.04 | 0.05 | 0.04 | 0.04 | 39,803,158 |
| Backtest Gala | | | Gala History | Previous | Next |
Gala Trading Date Momentum on January 29, 2024
| On May 25 2024 Gala was traded for 0.04 at the closing time. The highest price during the trading period was 0.05 and the lowest recorded bid was listed for 0.04 . The volume for the day was 39.8 M. This history from May 25, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 70.88% . The overall trading delta to the current price is 68.20% . |
About Gala Crypto Coin history
Gala 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 Gala is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gala 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.
Gala Crypto Coin Technical Analysis
Gala 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
Gala Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Gala 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.
Gala November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Gala 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 Gala shares will generate the highest return on investment.
Gala Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gala's price direction in advance. Along with the technical and fundamental analysis of Gala Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gala 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 | 0.1224 | |||
| Jensen Alpha | 0.8985 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1332 | |||
| Treynor Ratio | 6.29 |
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| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gala. 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.