NANO Price on September 12, 2024
| NANO Crypto | USD 1.23 0.01 0.81% |
If you're considering investing in NANO Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of NANO stands at 1.23, as last reported on the 27th of November, with the highest price reaching 1.25 and the lowest price hitting 1.23 during the day. NANO appears to be very risky, given 3 months investment horizon. NANO has Sharpe Ratio of 0.14, which conveys that digital coin had a 0.14% return per unit of volatility over the last 3 months. By evaluating NANO's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please exercise NANO's Downside Deviation of 4.02, mean deviation of 3.09, and Market Risk Adjusted Performance of 0.7425 to check out if our risk estimates are consistent with your expectations.
NANO Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
NANO |
Sharpe Ratio = 0.142
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.16 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average NANO is performing at about 11% 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 NANO by adding it to a well-diversified portfolio.
NANO Valuation on September 12, 2024
It is possible to determine the worth of NANO on a given historical date. On September 12, 2024 NANO was worth 0.93 at the beginning of the trading date compared to the closed value of 0.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NANO crypto coin. Still, in general, we apply an absolute valuation method to find NANO'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 NANO where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NANO's related companies.
| Open | High | Low | Close | Volume | |
| 0.91 | 0.93 | 0.91 | 0.93 | 2,367 | |
09/12/2024 | 0.93 | 0.96 | 0.92 | 0.95 | 2,324 |
| 0.95 | 0.95 | 0.91 | 0.91 | 1,306 |
| Backtest NANO | | | NANO History | Previous | Next |
NANO Trading Date Momentum on September 12, 2024
| On September 13 2024 NANO was traded for 0.91 at the closing time. The highest price during the trading period was 0.95 and the lowest recorded bid was listed for 0.91 . The volume for the day was 1.3 K. This history from September 13, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 4.21% . The trading delta at closing time to the current price is 3.16% . |
About NANO Crypto Coin history
NANO 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 NANO is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NANO 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.
NANO Crypto Coin Technical Analysis
NANO 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
NANO Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
NANO 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.
NANO November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how NANO 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 NANO shares will generate the highest return on investment.
NANO Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NANO's price direction in advance. Along with the technical and fundamental analysis of NANO Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of NANO 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 | 0.1318 | |||
| Jensen Alpha | 0.5598 | |||
| Total Risk Alpha | 0.0173 | |||
| Sortino Ratio | 0.1366 | |||
| Treynor Ratio | 0.7325 |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NANO. 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.