OmiseGO Price on May 28, 2024
| OMG Crypto | USD 0.45 0.11 19.64% |
If you're considering investing in OmiseGO Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of OmiseGO stands at 0.45, as last reported on the 11th of December 2024, with the highest price reaching 0.45 and the lowest price hitting 0.45 during the day. OmiseGO is exceptionally volatile given 3 months investment horizon. OmiseGO maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies digital coin had a 0.17% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.48% are justified by taking the suggested risk. Use OmiseGO Semi Deviation of 5.09, coefficient of variation of 612.67, and Risk Adjusted Performance of 0.1271 to evaluate coin specific risk that cannot be diversified away.
OmiseGO Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
OmiseGO |
Sharpe Ratio = 0.1658
| Best Portfolio | Best Equity | |||
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| Average Returns | OMG | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 8.93 actual daily | 79 79% of assets are less volatile |
Expected Return
| 1.48 actual daily | 29 71% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average OmiseGO 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 OmiseGO by adding it to a well-diversified portfolio.
OmiseGO Valuation on May 28, 2024
It is possible to determine the worth of OmiseGO on a given historical date. On May 28, 2024 OmiseGO was worth 0.74 at the beginning of the trading date compared to the closed value of 0.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OmiseGO crypto coin. Still, in general, we apply an absolute valuation method to find OmiseGO'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 OmiseGO where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OmiseGO's related companies.
| Open | High | Low | Close | Volume | |
| 0.75 | 0.76 | 0.72 | 0.74 | 21,919 | |
05/28/2024 | 0.74 | 0.76 | 0.73 | 0.73 | 10,734 |
| 0.73 | 0.75 | 0.71 | 0.72 | 24,645 |
| Backtest OmiseGO | | | OmiseGO History | Previous | Next |
OmiseGO Trading Date Momentum on May 28, 2024
| On May 29 2024 OmiseGO was traded for 0.72 at the closing time. The maximum traded price for the trading interval was 0.75 and the lowest daily price was 0.71 . The daily volume was recorded at 24.6 K. The volume of trading on 29th of May 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 1.37% . The trading delta at closing time to the closing price today is 39.73% . |
About OmiseGO Crypto Coin history
OmiseGO 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 OmiseGO is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in OmiseGO 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.
OmiseGO Crypto Coin Technical Analysis
OmiseGO 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
OmiseGO Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
OmiseGO 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.
OmiseGO December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how OmiseGO 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 OmiseGO shares will generate the highest return on investment.
OmiseGO Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OmiseGO's price direction in advance. Along with the technical and fundamental analysis of OmiseGO Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of OmiseGO 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 | 0.1271 | |||
| Jensen Alpha | 1.22 | |||
| Total Risk Alpha | 0.0322 | |||
| Sortino Ratio | 0.164 | |||
| Treynor Ratio | 0.7856 |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OmiseGO. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.