Monero Price on September 3, 2024
| XMR Crypto | USD 224.69 2.33 1.05% |
If you're considering investing in Monero Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Monero stands at 224.69, as last reported on the 23rd of January, with the highest price reaching 224.91 and the lowest price hitting 221.57 during the day. Monero appears to be very risky, given 3 months investment horizon. Monero has Sharpe Ratio of 0.13, which conveys that digital coin had a 0.13 % return per unit of risk over the last 3 months. By analyzing Monero's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please exercise Monero's Downside Deviation of 4.11, risk adjusted performance of 0.1231, and Mean Deviation of 2.95 to check out if our risk estimates are consistent with your expectations.
Monero Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Monero |
Sharpe Ratio = 0.1322
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.93 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.65 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Monero is performing at about 10% 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 Monero by adding it to a well-diversified portfolio.
Monero Main Headline on 3rd of September 2024
FBI warns of North Korean social engineering schemes to stea... by news.google.com
FBI warns of North Korean social engineering schemes to steal crypto Cointelegraph
Monero Valuation on September 3, 2024
It is possible to determine the worth of Monero on a given historical date. On September 3, 2024 Monero was worth 172.87 at the beginning of the trading date compared to the closed value of 170.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Monero crypto coin. Still, in general, we apply an absolute valuation method to find Monero'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 Monero where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Monero's related companies.
| Open | High | Low | Close | Volume | |
| 170.52 | 175.50 | 169.59 | 172.87 | 2,455,007 | |
09/03/2024 | 172.87 | 176.72 | 170.39 | 170.79 | 1,826,783 |
| 170.79 | 176.36 | 169.70 | 172.48 | 1,836,778 |
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Monero Trading Date Momentum on September 3, 2024
| On September 04 2024 Monero was traded for 172.48 at the closing time. The maximum traded price for the trading interval was 176.36 and the lowest daily price was 169.70 . The daily volume was recorded at 1.8 M. The volume of trading on 4th of September 2024 played a part in the next trading day price growth. The trading price change to the next closing price was 0.99% . The trading delta at closing time to the closing price today is 0.26% . |
About Monero Crypto Coin history
Monero 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 Monero is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Monero 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.
Monero Crypto Coin Technical Analysis
Monero 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
Monero Period Price Range
Low | January 23, 2025
| High |
0.00 | 0.00 |
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Monero January 23, 2025 Market Strength
Market strength indicators help investors to evaluate how Monero 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 Monero shares will generate the highest return on investment.
Monero Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Monero's price direction in advance. Along with the technical and fundamental analysis of Monero Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Monero 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 | 0.1231 | |||
| Jensen Alpha | 0.6576 | |||
| Total Risk Alpha | 0.5012 | |||
| Sortino Ratio | 0.151 | |||
| Treynor Ratio | (1.37) |
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Monero. 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.