Render Token Price on September 23, 2024
| RNDR Crypto | USD 8.89 0.17 1.95% |
If you're considering investing in Render Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Render Token stands at 8.89, as last reported on the 1st of December, with the highest price reaching 9.13 and the lowest price hitting 8.66 during the day. Render Token is unusually volatile given 3 months investment horizon. Render Token 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 1.18% are justified by taking the suggested risk. Use Render Token Risk Adjusted Performance of 0.1295, coefficient of variation of 633.69, and Semi Deviation of 4.27 to evaluate coin specific risk that cannot be diversified away.
Render Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Render |
Sharpe Ratio = 0.1723
| Best Portfolio | Best Equity | |||
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| Small Returns | RNDR | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.87 actual daily | 61 61% of assets are less volatile |
Expected Return
| 1.18 actual daily | 23 77% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Render Token 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 Render Token by adding it to a well-diversified portfolio.
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Render Token Valuation on September 23, 2024
It is possible to determine the worth of Render Token on a given historical date. On September 23, 2024 Render was worth 6.2 at the beginning of the trading date compared to the closed value of 6.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Render Token crypto coin. Still, in general, we apply an absolute valuation method to find Render Token'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 Render Token where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Render Token's related companies.
| Open | High | Low | Close | Volume | |
| 5.28 | 5.64 | 5.17 | 5.60 | 5,461,362 | |
09/23/2024 | 6.20 | 6.30 | 5.96 | 6.26 | 8,557,621 |
| 6.26 | 6.27 | 5.85 | 5.91 | 7,477,016 |
| Backtest Render Token | | | Render Token History | Previous | Next |
Render Token Trading Date Momentum on September 23, 2024
| On September 24 2024 Render Token was traded for 5.91 at the closing time. The highest price during the trading period was 6.27 and the lowest recorded bid was listed for 5.85 . The volume for the day was 7.5 M. This history from September 24, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 5.59% . The trading delta at closing time to the current price is 16.13% . |
About Render Token Crypto Coin history
Render Token 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 Render is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Render Token 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.
Render Token Crypto Coin Technical Analysis
Render Token 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
Render Token Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Render Token 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.
Render Token December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Render Token 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 Render Token shares will generate the highest return on investment.
Render Token Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Render Token's price direction in advance. Along with the technical and fundamental analysis of Render Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Render 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 | 0.1295 | |||
| Jensen Alpha | 1.05 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1925 | |||
| Treynor Ratio | 3.63 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Render Token. 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.