Magic Price History

Cryptocurrencies .CC . 
Crypto . Magic
MAGIC Crypto  USD 0.54  0.03  5.88%   
If you're considering investing in Magic Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Magic stands at 0.54, as last reported on the 28th of November, with the highest price reaching 0.54 and the lowest price hitting 0.54 during the day. Magic appears to be extremely risky, given 3 months investment horizon. Magic has Sharpe Ratio of 0.17, which conveys that digital coin had a 0.17% return per unit of risk over the last 3 months. By analyzing Magic's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please exercise Magic's Mean Deviation of 4.28, risk adjusted performance of 0.1358, and Downside Deviation of 4.85 to check out if our risk estimates are consistent with your expectations.
  
Magic Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1674

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Estimated Market Risk

 5.38
  actual daily
47
53% of assets are more volatile

Expected Return

 0.9
  actual daily
17
83% of assets have higher returns

Risk-Adjusted Return

 0.17
  actual daily
13
87% of assets perform better
Based on monthly moving average Magic is performing at about 13% 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 Magic by adding it to a well-diversified portfolio.

Magic Crypto Coin Price History Chart

There are several ways to analyze Magic price data. The simplest method is using a basic Magic candlestick price chart, which shows Magic price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
Highest PriceNovember 26, 20240.54
Lowest PriceSeptember 5, 20240.31

Magic November 28, 2024 Crypto Coin Price Synopsis

Various analyses of Magic's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell Magic Crypto Coin. It can be used to describe the percentage change in the price of Magic from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of Magic Crypto Coin.
Magic Price Rate Of Daily Change 1.06 
Magic Price Action Indicator 0.02 

Magic November 28, 2024 Crypto Coin Price Analysis

When benchmark price declines in a down market, there may be an uptick in Magic price where buyers come in believing the asset is cheap or selling overdone. The opposite is true when the market is bullish. You can use Magic intraday prices and daily technical indicators to check the level of noise trading in Magic and then apply it to test your longer-term investment strategies against Magic.

Magic Crypto Coin Price History Data

The price series of Magic for the period between Fri, Aug 30, 2024 and Thu, Nov 28, 2024 has a statistical range of 0.23 with a coefficient of variation of 12.9. The daily prices for the period are spread out with arithmetic mean of 0.37. The median price for the last 90 days is 0.36.
OpenHighLowCloseVolume
11/28/2024
 0.54  0.54  0.54  0.54 
11/27/2024 0.54  0.54  0.54  0.54  6,779 
11/26/2024 0.51  0.55  0.50  0.54  237,997 
11/25/2024 0.52  0.54  0.47  0.51  1,382,738 
11/22/2024 0.44  0.49  0.44  0.48  599,755 
11/21/2024 0.43  0.44  0.41  0.44  371,034 
11/20/2024 0.39  0.44  0.38  0.43  374,319 
11/19/2024 0.43  0.43  0.38  0.39  536,333 
11/18/2024 0.45  0.45  0.41  0.43  597,095 
11/15/2024 0.37  0.41  0.37  0.41  312,725 
11/14/2024 0.36  0.37  0.34  0.37  355,355 
11/13/2024 0.38  0.40  0.35  0.36  280,546 
11/12/2024 0.39  0.40  0.35  0.38  320,988 
11/11/2024 0.42  0.43  0.37  0.39  399,339 
11/08/2024 0.37  0.39  0.37  0.39  147,750 
11/07/2024 0.37  0.38  0.37  0.37  28,272 
11/06/2024 0.37  0.39  0.36  0.37  230,950 
11/05/2024 0.32  0.37  0.32  0.37  437,427 
11/04/2024 0.30  0.33  0.30  0.32  114,502 
11/01/2024 0.35  0.36  0.34  0.34  70,245 
10/31/2024 0.36  0.38  0.35  0.35  178,202 
10/30/2024 0.38  0.38  0.36  0.36  169,332 
10/29/2024 0.39  0.40  0.38  0.38  137,046 
10/28/2024 0.37  0.40  0.36  0.39  164,840 
10/25/2024 0.37  0.37  0.35  0.36  125,322 
10/24/2024 0.39  0.41  0.37  0.37  184,400 
10/23/2024 0.40  0.40  0.39  0.39  9,339 
10/22/2024 0.41  0.42  0.38  0.40  163,100 
10/21/2024 0.40  0.42  0.39  0.41  364,433 
10/18/2024 0.36  0.37  0.36  0.37  50,263 
10/17/2024 0.34  0.36  0.34  0.36  298,778 
10/16/2024 0.35  0.36  0.32  0.34  177,770 
10/15/2024 0.36  0.36  0.34  0.35  149,532 
10/14/2024 0.37  0.37  0.35  0.36  523,435 
10/11/2024 0.34  0.35  0.34  0.35  69,983 
10/10/2024 0.33  0.34  0.33  0.34  44,564 
10/09/2024 0.32  0.34  0.32  0.33  61,669 
10/08/2024 0.34  0.35  0.32  0.32  103,556 
10/07/2024 0.35  0.36  0.34  0.34  67,490 
10/04/2024 0.35  0.35  0.35  0.35  52.23 
10/03/2024 0.33  0.35  0.33  0.35  88,366 
10/02/2024 0.34  0.35  0.32  0.33  158,460 
10/01/2024 0.35  0.37  0.34  0.34  148,760 
09/30/2024 0.38  0.40  0.35  0.35  233,051 
09/27/2024 0.41  0.42  0.39  0.40  174,827 
09/26/2024 0.40  0.42  0.40  0.41  205,178 
09/25/2024 0.38  0.41  0.38  0.40  158,127 
09/24/2024 0.38  0.41  0.37  0.38  299,511 
09/23/2024 0.37  0.39  0.36  0.38  113,385 
09/20/2024 0.38  0.38  0.37  0.38  70,807 
09/19/2024 0.36  0.39  0.36  0.38  217,989 
09/18/2024 0.37  0.37  0.36  0.36  46,863 
09/17/2024 0.35  0.37  0.34  0.37  618,294 
09/16/2024 0.32  0.35  0.31  0.35  117,735 
09/13/2024 0.36  0.36  0.34  0.34  204,259 
09/12/2024 0.35  0.36  0.35  0.36  234,274 
09/11/2024 0.33  0.35  0.33  0.35  486,524 
09/10/2024 0.35  0.35  0.32  0.33  135,485 
09/09/2024 0.34  0.35  0.33  0.35  92,503 
09/06/2024 0.31  0.31  0.31  0.31  401.46 
09/05/2024 0.32  0.33  0.30  0.31  223,359 

About Magic Crypto Coin history

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

Magic Crypto Coin Technical Analysis

Magic 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.
Overlap Analysis
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A focus of Magic technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Magic 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...

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Magic Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Magic's price direction in advance. Along with the technical and fundamental analysis of Magic Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magic 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 Performance0.1358
Jensen Alpha0.6859
Total Risk Alpha0.0728
Sortino Ratio0.157
Treynor Ratio0.5299
Cycle Indicators
Math Operators
Math Transform
Momentum Indicators
Overlap Studies
Pattern Recognition
Price Transform
Statistic Functions
Volatility Indicators
Volume Indicators
When determining whether Magic offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magic'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 Magic Crypto.
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic. 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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Please note, there is a significant difference between Magic's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Magic 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, Magic's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.
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