Optimism Price on September 5, 2024
| OP Crypto | USD 2.51 0.31 14.09% |
If you're considering investing in Optimism Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Optimism stands at 2.51, as last reported on the 28th of November, with the highest price reaching 2.63 and the lowest price hitting 2.47 during the day. Optimism is unusually volatile given 3 months investment horizon. Optimism 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 break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.08% are justified by taking the suggested risk. Use Optimism Risk Adjusted Performance of 0.113, semi deviation of 4.0, and Coefficient Of Variation of 733.18 to evaluate coin specific risk that cannot be diversified away.
Optimism Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Optimism |
Sharpe Ratio = 0.172
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.26 actual daily | 55 55% of assets are less volatile |
Expected Return
| 1.08 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Optimism 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 Optimism by adding it to a well-diversified portfolio.
Optimism Valuation on September 5, 2024
It is possible to determine the worth of Optimism on a given historical date. On September 5, 2024 Optimism was worth 1.36 at the beginning of the trading date compared to the closed value of 1.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Optimism crypto coin. Still, in general, we apply an absolute valuation method to find Optimism'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 Optimism where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Optimism's related companies.
| Open | High | Low | Close | Volume | |
| 1.35 | 1.37 | 1.33 | 1.36 | 552,338 | |
09/05/2024 | 1.36 | 1.38 | 1.29 | 1.34 | 1,023,706 |
| 1.34 | 1.44 | 1.34 | 1.42 | 1,096,817 |
| Backtest Optimism | | | Optimism History | Previous | Next |
Optimism Trading Date Momentum on September 5, 2024
| On September 06 2024 Optimism was traded for 1.42 at the closing time. The highest daily price throughout the period was 1.44 and the lowest price was 1.34 . The daily volume was 1.1 M. The net trading volume on 09/06/2024 added to the next day price growth. The trading delta at closing time to closing price of the next trading day was 5.97% . The trading delta at closing time to current closing price is 8.21% . |
About Optimism Crypto Coin history
Optimism 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 Optimism is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Optimism 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.
Optimism Crypto Coin Technical Analysis
Optimism 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
Optimism Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Optimism 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.
Optimism November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Optimism 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 Optimism shares will generate the highest return on investment.
Optimism Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Optimism's price direction in advance. Along with the technical and fundamental analysis of Optimism Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Optimism 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 | 0.113 | |||
| Jensen Alpha | 0.709 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.1434 | |||
| Treynor Ratio | 1.01 |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Optimism. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.