WEMIX Price on November 5, 2024
| WEMIX Crypto | USD 1.23 0.26 26.80% |
If you're considering investing in WEMIX Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of WEMIX stands at 1.23, as last reported on the 25th of November, with the highest price reaching 1.29 and the lowest price hitting 0.97 during the day. WEMIX appears to be unusually risky, given 3 months investment horizon. WEMIX shows Sharpe Ratio of 0.12, which attests that digital coin had a 0.12% return per unit of standard deviation over the last 3 months. By reviewing WEMIX's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize WEMIX's Mean Deviation of 3.15, downside deviation of 4.32, and Risk Adjusted Performance of 0.0933 to validate if our risk estimates are consistent with your expectations.
WEMIX Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
WEMIX |
Sharpe Ratio = 0.1241
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Estimated Market Risk
| 5.6 actual daily | 49 51% of assets are more volatile |
Expected Return
| 0.69 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average WEMIX 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 WEMIX by adding it to a well-diversified portfolio.
WEMIX Valuation on November 5, 2024
It is possible to determine the worth of WEMIX on a given historical date. On November 5, 2024 WEMIX was worth 0.76 at the beginning of the trading date compared to the closed value of 0.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of WEMIX crypto coin. Still, in general, we apply an absolute valuation method to find WEMIX'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 WEMIX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against WEMIX's related companies.
| Open | High | Low | Close | Volume | |
| 0.72 | 0.77 | 0.72 | 0.76 | 1,245 | |
11/05/2024 | 0.76 | 0.77 | 0.76 | 0.77 | 85.97 |
| 0.77 | 0.78 | 0.77 | 0.78 | 176.86 |
| Backtest WEMIX | | | WEMIX History | Previous | Next |
WEMIX Trading Date Momentum on November 5, 2024
| On November 06 2024 WEMIX was traded for 0.78 at the closing time. The highest price during the trading period was 0.78 and the lowest recorded bid was listed for 0.77 . The volume for the day was 177. This history from November 6, 2024 contributed to the next trading day price growth. The trading price change to the next closing price was 1.30% . The trading price change to the current price is 1.30% . |
About WEMIX Crypto Coin history
WEMIX 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 WEMIX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in WEMIX 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.
WEMIX Crypto Coin Technical Analysis
WEMIX 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
WEMIX Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
WEMIX 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.
WEMIX November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how WEMIX 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 WEMIX shares will generate the highest return on investment.
WEMIX Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for WEMIX's price direction in advance. Along with the technical and fundamental analysis of WEMIX Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of WEMIX 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 | 0.0933 | |||
| Jensen Alpha | 0.4557 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.1123 | |||
| Treynor Ratio | 0.4867 |
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| Volume Indicators |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WEMIX. 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.