GMX Price on May 31, 2024
| GMX Crypto | USD 28.93 0.21 0.72% |
If you're considering investing in GMX Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of GMX stands at 28.93, as last reported on the 29th of November, with the highest price reaching 29.32 and the lowest price hitting 28.93 during the day. GMX appears to be extremely risky, given 3 months investment horizon. GMX holds Efficiency (Sharpe) Ratio of 0.0698, which attests that digital coin had a 0.0698% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for GMX, which you can use to evaluate the volatility of coin. Please utilize GMX's market risk adjusted performance of 0.8326, and Risk Adjusted Performance of 0.0569 to validate if our risk estimates are consistent with your expectations.
GMX Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
GMX |
Sharpe Ratio = 0.0698
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.08 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average GMX is performing at about 5% 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 GMX by adding it to a well-diversified portfolio.
GMX Valuation on May 31, 2024
It is possible to determine the worth of GMX on a given historical date. On May 31, 2024 GMX was worth 37.62 at the beginning of the trading date compared to the closed value of 36.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GMX crypto coin. Still, in general, we apply an absolute valuation method to find GMX'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 GMX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GMX's related companies.
| Open | High | Low | Close | Volume | |
| 36.93 | 39.31 | 36.70 | 37.62 | 73,698 | |
05/31/2024 | 37.62 | 39.71 | 36.52 | 36.77 | 24,837 |
| 36.77 | 38.28 | 35.72 | 37.91 | 24,466 |
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GMX Trading Date Momentum on May 31, 2024
| On June 01 2024 GMX was traded for 37.91 at the closing time. The maximum traded price for the trading interval was 38.28 and the lowest daily price was 35.72 . The daily volume was recorded at 24.5 K. The volume of trading on 1st of June 2024 played a part in the next trading day price growth. The overall trading delta to the next closing price was 3.10% . The overall trading delta to the closing price today is 1.63% . |
About GMX Crypto Coin history
GMX 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 GMX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in GMX 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.
GMX Crypto Coin Technical Analysis
GMX 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
GMX Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
GMX 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.
GMX November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how GMX 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 GMX shares will generate the highest return on investment.
GMX Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GMX's price direction in advance. Along with the technical and fundamental analysis of GMX Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of GMX 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 | 0.0569 | |||
| Jensen Alpha | 0.2634 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.0432 | |||
| Treynor Ratio | 0.8226 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GMX. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.