Theta Network Price on October 15, 2024
| THETA Crypto | USD 1.93 0.04 2.12% |
If you're considering investing in Theta Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Theta Network stands at 1.93, as last reported on the 25th of November, with the highest price reaching 1.95 and the lowest price hitting 1.85 during the day. Theta Network appears to be very risky, given 3 months investment horizon. Theta Network owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates digital coin had a 0.16% return per unit of risk over the last 3 months. By inspecting Theta Network's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please review Theta Network's Semi Deviation of 4.27, coefficient of variation of 915.9, and Risk Adjusted Performance of 0.0923 to confirm if our risk estimates are consistent with your expectations.
Theta Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Theta |
Sharpe Ratio = 0.1616
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.97 actual daily | 44 56% of assets are more volatile |
Expected Return
| 0.8 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Theta Network is performing at about 12% 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 Theta Network by adding it to a well-diversified portfolio.
Theta Network Valuation on October 15, 2024
It is possible to determine the worth of Theta Network on a given historical date. On October 15, 2024 Theta was worth 1.33 at the beginning of the trading date compared to the closed value of 1.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Theta Network crypto coin. Still, in general, we apply an absolute valuation method to find Theta Network'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 Theta Network where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Theta Network's related companies.
| Open | High | Low | Close | Volume | |
| 1.35 | 1.40 | 1.31 | 1.33 | 31,859 | |
10/15/2024 | 1.33 | 1.34 | 1.28 | 1.30 | 48,466 |
| 1.30 | 1.30 | 1.23 | 1.25 | 19,329 |
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Theta Network Trading Date Momentum on October 15, 2024
| On October 16 2024 Theta Network was traded for 1.25 at the closing time. The highest price during the trading period was 1.30 and the lowest recorded bid was listed for 1.23 . The volume for the day was 19.3 K. This history from October 16, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 3.85% . The trading price change to the current price is 12.31% . |
About Theta Network Crypto Coin history
Theta Network 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 Theta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Theta Network 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.
Theta Network Crypto Coin Technical Analysis
Theta Network 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
Theta Network Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Theta Network 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.
Theta Network November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Theta Network 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 Theta Network shares will generate the highest return on investment.
Theta Network Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Theta Network's price direction in advance. Along with the technical and fundamental analysis of Theta Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Theta 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 | 0.0923 | |||
| Jensen Alpha | 0.5163 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0846 | |||
| Treynor Ratio | 1.74 |
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Theta Network. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.