Magic Eden Financials
| ME Crypto | USD 3.35 0.02 0.59% |
Magic |
Please note, the presentation of Magic Eden's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Magic Eden's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Magic Eden's management manipulating its earnings.
Magic Eden Crypto Summary
Magic Eden competes with Magic, Staked Ether, Phala Network, and EigenLayer. Magic Eden is peer-to-peer digital currency powered by the Blockchain technology.| Exchange Type | CRYPTO Exchanges |
| Exchange | Others |
| Benchmark | Dow Jones Industrial |
| Currency | USD - US Dollar |
Magic Eden Systematic Risk
Magic Eden's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Magic Eden volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Magic Eden correlated with the market. If Beta is less than 0 Magic Eden generally moves in the opposite direction as compared to the market. If Magic Eden Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Magic Eden is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Magic Eden is generally in the same direction as the market. If Beta > 1 Magic Eden moves generally in the same direction as, but more than the movement of the benchmark.
Magic Eden January 4, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Magic Eden help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Magic Eden. We use our internally-developed statistical techniques to arrive at the intrinsic value of Magic Eden based on widely used predictive technical indicators. In general, we focus on analyzing Magic Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Magic Eden's daily price indicators and compare them against related drivers.
| Downside Deviation | 5.47 | |||
| Information Ratio | 0.1668 | |||
| Maximum Drawdown | 38.96 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 8.93 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic Eden. 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.