IoTeX Network Price on November 22, 2024
| IOTX Crypto | USD 0.06 0 7.38% |
If you're considering investing in IoTeX Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of IoTeX Network stands at 0.06, as last reported on the 1st of December, with the highest price reaching 0.06 and the lowest price hitting 0.05 during the day. IoTeX Network appears to be very risky, given 3 months investment horizon. IoTeX Network holds Efficiency (Sharpe) Ratio of 0.17, which attests that digital coin had a 0.17% return per unit of volatility over the last 3 months. By evaluating IoTeX Network's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please utilize IoTeX Network's risk adjusted performance of 0.1289, and Market Risk Adjusted Performance of 1.52 to validate if our risk estimates are consistent with your expectations.
IoTeX Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
IoTeX |
Sharpe Ratio = 0.1697
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Estimated Market Risk
| 4.91 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.83 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average IoTeX Network is performing at about 13% 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 IoTeX Network by adding it to a well-diversified portfolio.
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IoTeX Network Valuation on November 22, 2024
It is possible to determine the worth of IoTeX Network on a given historical date. On November 22, 2024 IoTeX was worth 0.0433 at the beginning of the trading date compared to the closed value of 0.0456. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IoTeX Network crypto coin. Still, in general, we apply an absolute valuation method to find IoTeX 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 IoTeX Network where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IoTeX Network's related companies.
| Open | High | Low | Close | Volume | |
| 0.04 | 0.04 | 0.04 | 0.04 | 91,031 | |
11/22/2024 | 0.04 | 0.05 | 0.04 | 0.05 | 42,291,276 |
| 0.05 | 0.05 | 0.04 | 0.04 | 24,324,687 |
| Backtest IoTeX Network | | | IoTeX Network History | Previous | Next |
IoTeX Network Trading Date Momentum on November 22, 2024
| On November 25 2024 IoTeX Network 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 24.3 M. This history from November 25, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.97% . The trading delta at closing time to the current price is 12.89% . |
About IoTeX Network Crypto Coin history
IoTeX 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 IoTeX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in IoTeX 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.
IoTeX Network Crypto Coin Technical Analysis
IoTeX 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.
Price Boundaries
IoTeX Network Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
IoTeX 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.
IoTeX Network December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how IoTeX 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 IoTeX Network shares will generate the highest return on investment.
IoTeX Network Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IoTeX Network's price direction in advance. Along with the technical and fundamental analysis of IoTeX Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of IoTeX 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 | 0.1289 | |||
| Jensen Alpha | 0.7036 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1621 | |||
| Treynor Ratio | 1.51 |
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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 IoTeX 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.