STRAX Price on September 4, 2024
| STRAX Crypto | USD 0.06 0 3.83% |
If you're considering investing in STRAX Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of STRAX stands at 0.06, as last reported on the 25th of November, with the highest price reaching 0.06 and the lowest price hitting 0.06 during the day. STRAX appears to be very risky, given 3 months investment horizon. STRAX owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates digital coin had a 0.13% return per unit of standard deviation over the last 3 months. By evaluating STRAX's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please review STRAX's coefficient of variation of 1280.84, and Risk Adjusted Performance of 0.0681 to confirm if our risk estimates are consistent with your expectations.
STRAX Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
STRAX |
Sharpe Ratio = 0.1259
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | STRAX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.12 actual daily | 36 64% of assets are more volatile |
Expected Return
| 0.52 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average STRAX is performing at about 9% 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 STRAX by adding it to a well-diversified portfolio.
STRAX Valuation on September 4, 2024
It is possible to determine the worth of STRAX on a given historical date. On September 4, 2024 STRAX was worth 0.0423 at the beginning of the trading date compared to the closed value of 0.041. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of STRAX crypto coin. Still, in general, we apply an absolute valuation method to find STRAX'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 STRAX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against STRAX's related companies.
| Open | High | Low | Close | Volume | |
| 0.04 | 0.04 | 0.04 | 0.04 | 241,275 | |
09/04/2024 | 0.04 | 0.04 | 0.04 | 0.04 | 1,268,852 |
| 0.04 | 0.05 | 0.04 | 0.04 | 2,847,664 |
| Backtest STRAX | | | STRAX History | Previous | Next |
STRAX Trading Date Momentum on September 4, 2024
| On September 05 2024 STRAX was traded for 0.04 at the closing time. The highest price during the trading period was 0.05 and the lowest recorded bid was listed for 0.04 . The volume for the day was 2.8 M. This history from September 5, 2024 contributed to the next trading day price growth. The trading price change to the next closing price was 5.37% . The trading price change to the current price is 9.27% . |
About STRAX Crypto Coin history
STRAX 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 STRAX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in STRAX 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.
STRAX Crypto Coin Technical Analysis
STRAX 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
STRAX Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
STRAX 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.
STRAX November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how STRAX 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 STRAX shares will generate the highest return on investment.
STRAX Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for STRAX's price direction in advance. Along with the technical and fundamental analysis of STRAX Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of STRAX 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 | 0.0681 | |||
| Jensen Alpha | 0.26 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.049 | |||
| Treynor Ratio | 0.6069 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STRAX. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.