Near Price on May 31, 2024
| NEAR Crypto | USD 7.41 0.02 0.27% |
If you're considering investing in Near Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Near stands at 7.41, as last reported on the 4th of December, with the highest price reaching 7.44 and the lowest price hitting 7.31 during the day. Near is extremely risky given 3 months investment horizon. Near has Sharpe Ratio of 0.25, which conveys that digital coin had a 0.25% return per unit of risk over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.26% are justified by taking the suggested risk. Use Near Risk Adjusted Performance of 0.1733, mean deviation of 3.92, and Downside Deviation of 4.67 to evaluate coin specific risk that cannot be diversified away.
Near Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Near |
Sharpe Ratio = 0.2488
| Best Portfolio | Best Equity | |||
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| Small Returns | NEAR | |||
| 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
| 1.26 actual daily | 25 75% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Near is performing at about 19% 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 Near by adding it to a well-diversified portfolio.
Near Valuation on May 31, 2024
It is possible to determine the worth of Near on a given historical date. On May 31, 2024 Near was worth 7.24 at the beginning of the trading date compared to the closed value of 7.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Near crypto coin. Still, in general, we apply an absolute valuation method to find Near'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 Near where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Near's related companies.
| Open | High | Low | Close | Volume | |
| 7.28 | 7.44 | 7.08 | 7.24 | 14,080,670 | |
05/31/2024 | 7.24 | 7.46 | 7.17 | 7.37 | 5,667,990 |
| 7.37 | 7.50 | 7.12 | 7.19 | 6,051,718 |
| Backtest Near | | | Near History | Previous | Next |
Near Trading Date Momentum on May 31, 2024
| On June 01 2024 Near was traded for 7.19 at the closing time. The highest price during the trading period was 7.50 and the lowest recorded bid was listed for 7.12 . The volume for the day was 6.1 M. This history from June 1, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.44% . The trading delta at closing time to the current price is 13.30% . |
About Near Crypto Coin history
Near 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 Near is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Near 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.
Near Crypto Coin Technical Analysis
Near 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
Near Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Near 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.
Near December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Near 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 Near shares will generate the highest return on investment.
Near Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Near's price direction in advance. Along with the technical and fundamental analysis of Near Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Near 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 | 0.1733 | |||
| Jensen Alpha | 1.0 | |||
| Total Risk Alpha | 0.4039 | |||
| Sortino Ratio | 0.2134 | |||
| Treynor Ratio | 1.17 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
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| Pattern Recognition | ||
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| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Near. 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..