ZkSync Price on November 18, 2024

ZK Crypto  USD 0.17  0.01  6.25%   
If you're considering investing in ZkSync Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of ZkSync stands at 0.17, as last reported on the 26th of November, with the highest price reaching 0.18 and the lowest price hitting 0.17 during the day. ZkSync appears to be unusually volatile, given 3 months investment horizon. zkSync shows Sharpe Ratio of 0.14, which attests that digital coin had a 0.14% return per unit of risk over the last 3 months. By examining ZkSync's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please utilize ZkSync's Downside Deviation of 9.29, mean deviation of 4.67, and Market Risk Adjusted Performance of 0.934 to validate if our risk estimates are consistent with your expectations.
  
ZkSync Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1384

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Estimated Market Risk

 6.4
  actual daily
56
56% of assets are less volatile

Expected Return

 0.89
  actual daily
17
83% of assets have higher returns

Risk-Adjusted Return

 0.14
  actual daily
10
90% of assets perform better
Based on monthly moving average ZkSync 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 ZkSync by adding it to a well-diversified portfolio.

ZkSync Valuation on November 18, 2024

It is possible to determine the worth of ZkSync on a given historical date. On November 18, 2024 ZkSync was worth 0.15 at the beginning of the trading date compared to the closed value of 0.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ZkSync crypto coin. Still, in general, we apply an absolute valuation method to find ZkSync'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 ZkSync where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ZkSync's related companies.
 Open High Low Close Volume
  0.14    0.15    0.14    0.15    1,871,927  
11/18/2024
  0.15    0.16    0.14    0.14    2,532,456  
  0.14    0.14    0.13    0.13    2,708,482  
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Open Value
0.15
0.14
Closing Value
19.34
Upside

ZkSync Trading Date Momentum on November 18, 2024

On November 19 2024 zkSync was traded for  0.13  at the closing time. The highest daily price throughout the period was 0.14  and the lowest price was  0.13 . The daily volume was 2.7 M. The net trading volume on 11/19/2024 added to the next day price reduction. The trading date delta to closing price of the next trading day was 7.14% . The trading date delta to current closing price is 21.43% .

About ZkSync Crypto Coin history

ZkSync 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 ZkSync is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in zkSync 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.

ZkSync Crypto Coin Technical Analysis

ZkSync 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.
A focus of ZkSync technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ZkSync trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

ZkSync Period Price Range

Low
November 26, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

zkSync 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.

ZkSync November 26, 2024 Market Strength

Market strength indicators help investors to evaluate how ZkSync 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 ZkSync shares will generate the highest return on investment.

ZkSync Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for ZkSync's price direction in advance. Along with the technical and fundamental analysis of ZkSync Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of ZkSync 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.
When determining whether zkSync offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ZkSync's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zksync Crypto.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in zkSync. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Please note, there is a significant difference between ZkSync's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine ZkSync value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, ZkSync's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.