Magic Price on November 25, 2024
| MAGIC Crypto | USD 0.48 0.04 9.09% |
If you're considering investing in Magic Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Magic stands at 0.48, as last reported on the 25th of November, with the highest price reaching 0.49 and the lowest price hitting 0.44 during the day. Magic appears to be extremely risky, given 3 months investment horizon. Magic has Sharpe Ratio of 0.13, which conveys that digital coin had a 0.13% return per unit of risk over the last 3 months. By analyzing Magic's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please exercise Magic's Risk Adjusted Performance of 0.0575, mean deviation of 4.37, and Downside Deviation of 5.96 to check out if our risk estimates are consistent with your expectations.
Magic Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Magic |
Sharpe Ratio = 0.1347
| Best Portfolio | Best Equity | |||
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| Small Returns | MAGIC | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.3 actual daily | 47 53% of assets are more volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Magic is performing at about 10% 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 Magic by adding it to a well-diversified portfolio.
Magic Valuation on November 25, 2024
It is possible to determine the worth of Magic on a given historical date. On November 25, 2024 Magic was worth 0.4392 at the beginning of the trading date compared to the closed value of 0.48. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magic crypto coin. Still, in general, we apply an absolute valuation method to find Magic'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 Magic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magic's related companies.
| Open | High | Low | Close | Volume | |
| 0.44 | 0.49 | 0.44 | 0.48 | 599,755 | |
11/25/2024 | 0.44 | 0.49 | 0.44 | 0.48 | 0.00 |
| Backtest Magic | | | Magic History | Previous |
Magic Trading Date Momentum on November 25, 2024
| On November 25 2024 Magic was traded for 0.48 at the closing time. The highest price during the trading period was 0.49 and the lowest recorded bid was listed for 0.44 . There was no trading activity during the period 0.0. Lack of trading volume on November 25, 2024 did not cause price change. The trading delta at closing time to the current price is 8.50% . |
About Magic Crypto Coin history
Magic 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 Magic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magic 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.
Magic Crypto Coin Technical Analysis
Magic 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
Magic Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Magic 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.
Magic November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Magic 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 Magic shares will generate the highest return on investment.
Magic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magic's price direction in advance. Along with the technical and fundamental analysis of Magic Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magic 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 | 0.0575 | |||
| Jensen Alpha | 0.2417 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.0401 | |||
| Treynor Ratio | 0.3681 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.