GNX Price on October 22, 2024
| GNX Crypto | USD 0.0003 0.01 94.14% |
If you're considering investing in GNX Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of GNX stands at 0.0003, as last reported on the 26th of November, with the highest price reaching 0.0003 and the lowest price hitting 0.0003 during the day. GNX is abnormally risky given 3 months investment horizon. GNX holds Efficiency (Sharpe) Ratio of 0.37, which attests that digital coin had a 0.37% return per unit of volatility over the last 3 months. We have analyzed and interpolated twenty-eight different technical indicators, which can help you to evaluate if expected returns of 133.19% are justified by taking the suggested risk. Use GNX market risk adjusted performance of 2.16, and Risk Adjusted Performance of 0.2947 to evaluate coin specific risk that cannot be diversified away.
GNX Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
GNX |
Sharpe Ratio = 0.3743
| Best Portfolio | Best Equity | GNX | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 355.8 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.37 actual daily | 29 71% of assets perform better |
Based on monthly moving average GNX is performing at about 29% 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 GNX by adding it to a well-diversified portfolio.
GNX Valuation on October 22, 2024
It is possible to determine the worth of GNX on a given historical date. On October 22, 2024 GNX was worth 0.004043 at the beginning of the trading date compared to the closed value of 0.003997. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GNX crypto coin. Still, in general, we apply an absolute valuation method to find GNX'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 GNX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GNX's related companies.
| Open | High | Low | Close | Volume | |
| 0.0004 | 0.0005 | 0.0004 | 0.0004 | 37,988 | |
10/22/2024 | 0 | 0 | 0 | 0 | 1.00 |
| 0 | 0 | 0 | 0 | 1.00 |
| Backtest GNX | | | GNX History | Previous | Next |
GNX Trading Date Momentum on October 22, 2024
| On October 23 2024 GNX was traded for 0 at the closing time. The maximum traded price for the trading interval was 0 and the lowest daily price was 0 . There was no trading activity during the period 1.0. Lack of trading volume on 23rd of October 2024 played a part in the next trading day price growth. The overall trading delta to the next closing price was 2.33% . The overall trading delta to the closing price today is 4.28% . |
About GNX Crypto Coin history
GNX 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 GNX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in GNX 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.
GNX Crypto Coin Technical Analysis
GNX 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
GNX Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
GNX 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.
GNX November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how GNX 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 GNX shares will generate the highest return on investment.
GNX Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GNX's price direction in advance. Along with the technical and fundamental analysis of GNX Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of GNX 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 | 0.2947 | |||
| Jensen Alpha | 146.58 | |||
| Total Risk Alpha | 89.41 | |||
| Sortino Ratio | 3.03 | |||
| Treynor Ratio | 2.15 |
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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 GNX. 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.