Numeraire Price on September 26, 2024
| NMR Crypto | USD 18.77 1.11 6.29% |
If you're considering investing in Numeraire Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Numeraire stands at 18.77, as last reported on the 26th of November, with the highest price reaching 18.78 and the lowest price hitting 18.27 during the day. Numeraire appears to be very risky, given 3 months investment horizon. Numeraire has Sharpe Ratio of 0.0856, which conveys that digital coin had a 0.0856% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Numeraire, which you can use to evaluate the volatility of coin. Please exercise Numeraire's Downside Deviation of 6.51, mean deviation of 3.75, and Risk Adjusted Performance of 0.0196 to check out if our risk estimates are consistent with your expectations.
Numeraire Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Numeraire |
Sharpe Ratio = 0.0856
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| 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
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Numeraire is performing at about 6% 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 Numeraire by adding it to a well-diversified portfolio.
Numeraire Valuation on September 26, 2024
It is possible to determine the worth of Numeraire on a given historical date. On September 26, 2024 Numeraire was worth 16.28 at the beginning of the trading date compared to the closed value of 17.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Numeraire crypto coin. Still, in general, we apply an absolute valuation method to find Numeraire'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 Numeraire where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Numeraire's related companies.
| Open | High | Low | Close | Volume | |
| 16.25 | 16.97 | 15.53 | 16.28 | 979.21 | |
09/26/2024 | 16.28 | 17.37 | 16.09 | 17.13 | 255,109 |
| 17.13 | 18.57 | 16.61 | 18.18 | 559,266 |
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Numeraire Trading Date Momentum on September 26, 2024
| On September 27 2024 Numeraire was traded for 18.18 at the closing time. The maximum traded price for the trading interval was 18.57 and the lowest daily price was 16.61 . The daily volume was recorded at 559.3 K. The volume of trading on 27th of September 2024 played a part in the next trading day price growth. The trading delta at closing time to the next closing price was 6.13% . The trading delta at closing time to the closing price today is 13.08% . |
About Numeraire Crypto Coin history
Numeraire 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 Numeraire is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Numeraire 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.
Numeraire Crypto Coin Technical Analysis
Numeraire 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
Numeraire Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Numeraire 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.
Numeraire November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Numeraire 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 Numeraire shares will generate the highest return on investment.
Numeraire Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Numeraire's price direction in advance. Along with the technical and fundamental analysis of Numeraire Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Numeraire 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 | 0.0196 | |||
| Jensen Alpha | 0.044 | |||
| Total Risk Alpha | (0.78) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.3556 |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Numeraire. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.