Synthetix Price on December 1, 2024
| SNX Crypto | USD 2.63 0.25 10.50% |
If you're considering investing in Synthetix Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Synthetix stands at 2.63, as last reported on the 2nd of December, with the highest price reaching 2.67 and the lowest price hitting 2.36 during the day. Synthetix is extremely risky given 3 months investment horizon. Synthetix owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates digital coin had a 0.22% return per unit of risk over the last 3 months. We have analyzed and interpolated thirty different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use Synthetix Coefficient Of Variation of 449.48, semi deviation of 4.16, and Risk Adjusted Performance of 0.1786 to evaluate coin specific risk that cannot be diversified away.
Synthetix Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Synthetix |
Sharpe Ratio = 0.2225
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Estimated Market Risk
| 5.17 actual daily | 46 54% of assets are more volatile |
Expected Return
| 1.15 actual daily | 22 78% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Synthetix is performing at about 17% 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 Synthetix by adding it to a well-diversified portfolio.
Synthetix Valuation on December 1, 2024
It is possible to determine the worth of Synthetix on a given historical date. On December 1, 2024 Synthetix was worth 2.38 at the beginning of the trading date compared to the closed value of 2.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Synthetix crypto coin. Still, in general, we apply an absolute valuation method to find Synthetix'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 Synthetix where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Synthetix's related companies.
| Open | High | Low | Close | Volume | |
| 2.38 | 2.41 | 2.30 | 2.38 | 726,569 | |
11/29/2024 | 2.38 | 2.67 | 2.36 | 2.63 | 1,624,113 |
| 2.38 | 2.67 | 2.36 | 2.63 | 0.00 |
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Synthetix Trading Date Momentum on December 1, 2024
| On December 02 2024 Synthetix was traded for 2.63 at the closing time. The maximum traded price for the trading interval was 2.67 and the lowest daily price was 2.36 . There was no trading activity during the period 0.0. Lack of trading volume on 2nd of December 2024 did not result in any price rise and fall. The trading price change to the closing price today is 9.54% . |
About Synthetix Crypto Coin history
Synthetix 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 Synthetix is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Synthetix 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.
Synthetix Crypto Coin Technical Analysis
Synthetix 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
Synthetix Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
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Synthetix December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Synthetix 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 Synthetix shares will generate the highest return on investment.
Synthetix Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Synthetix's price direction in advance. Along with the technical and fundamental analysis of Synthetix Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Synthetix 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 | 0.1786 | |||
| Jensen Alpha | 1.06 | |||
| Total Risk Alpha | 0.2797 | |||
| Sortino Ratio | 0.1945 | |||
| Treynor Ratio | 1.7 |
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synthetix. 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.