Wrapped Bitcoin Price on November 1, 2024
| WBTC Crypto | USD 97,530 1,243 1.26% |
If you're considering investing in Wrapped Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Wrapped Bitcoin stands at 97,530, as last reported on the 25th of November, with the highest price reaching 97,638 and the lowest price hitting 97,354 during the day. Wrapped Bitcoin appears to be very volatile, given 3 months investment horizon. Wrapped Bitcoin shows Sharpe Ratio of 0.26, which attests that digital coin had a 0.26% return per unit of risk over the last 3 months. By examining Wrapped Bitcoin's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please utilize Wrapped Bitcoin's Market Risk Adjusted Performance of 1.61, downside deviation of 2.69, and Mean Deviation of 2.16 to validate if our risk estimates are consistent with your expectations.
Wrapped Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Wrapped |
Sharpe Ratio = 0.2568
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.22 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.83 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Wrapped Bitcoin is performing at about 20% 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 Wrapped Bitcoin by adding it to a well-diversified portfolio.
Wrapped Bitcoin Valuation on November 1, 2024
It is possible to determine the worth of Wrapped Bitcoin on a given historical date. On November 1, 2024 Wrapped was worth 69369.2 at the beginning of the trading date compared to the closed value of 69243.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wrapped Bitcoin crypto coin. Still, in general, we apply an absolute valuation method to find Wrapped Bitcoin'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 Wrapped Bitcoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wrapped Bitcoin's related companies.
| Open | High | Low | Close | Volume | |
| 70,109 | 69,397 | 69,362 | 69,369 | 27,561,373 | |
11/01/2024 | 69,369 | 69,271 | 69,236 | 69,243 | 16,077,310 |
| 67,724 | 69,302 | 69,267 | 69,281 | 23,732,543 |
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Wrapped Bitcoin Trading Date Momentum on November 1, 2024
| On November 04 2024 Wrapped Bitcoin was traded for 69,281 at the closing time. The highest price during the trading period was 69,302 and the lowest recorded bid was listed for 69,267 . The volume for the day was 23.7 M. This history from November 4, 2024 contributed to the next trading day price growth. The trading price change to the next closing price was 0.05% . The trading price change to the current price is 27.81% . |
About Wrapped Bitcoin Crypto Coin history
Wrapped Bitcoin 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 Wrapped is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wrapped Bitcoin 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.
Wrapped Bitcoin Crypto Coin Technical Analysis
Wrapped Bitcoin 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
Wrapped Bitcoin Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Wrapped Bitcoin 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.
Wrapped Bitcoin November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Wrapped Bitcoin 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 Wrapped Bitcoin shares will generate the highest return on investment.
Wrapped Bitcoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wrapped Bitcoin's price direction in advance. Along with the technical and fundamental analysis of Wrapped Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wrapped 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 | 0.1662 | |||
| Jensen Alpha | 0.6306 | |||
| Total Risk Alpha | 0.1547 | |||
| Sortino Ratio | 0.2088 | |||
| Treynor Ratio | 1.6 |
| Cycle Indicators | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrapped Bitcoin. 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.