Akash Network Price on December 11, 2024
| AKT Crypto | USD 3.96 0.05 1.28% |
If you're considering investing in Akash Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Akash Network stands at 3.96, as last reported on the 13th of December 2024, with the highest price reaching 4.02 and the lowest price hitting 3.90 during the day. Akash Network appears to be unusually volatile, given 3 months investment horizon. Akash Network secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that digital coin had a 0.14% return per unit of standard deviation over the last 3 months. By analyzing Akash Network's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please makes use of Akash Network's risk adjusted performance of 0.1075, and Mean Deviation of 4.24 to double-check if our risk estimates are consistent with your expectations.
Akash Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Akash |
Sharpe Ratio = 0.1409
| Best Portfolio | Best Equity | |||
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| Small Returns | AKT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.61 actual daily | 58 58% of assets are less volatile |
Expected Return
| 0.93 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Akash Network is performing at about 11% 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 Akash Network by adding it to a well-diversified portfolio.
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Akash Network Valuation on December 11, 2024
It is possible to determine the worth of Akash Network on a given historical date. On December 11, 2024 Akash was worth 4.05 at the beginning of the trading date compared to the closed value of 3.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Akash Network crypto coin. Still, in general, we apply an absolute valuation method to find Akash Network'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 Akash Network where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Akash Network's related companies.
| Open | High | Low | Close | Volume | |
| 3.77 | 4.07 | 3.59 | 4.05 | 2,659,920 | |
12/11/2024 | 4.05 | 4.21 | 3.92 | 3.96 | 2,859,706 |
| 3.96 | 4.02 | 3.83 | 3.91 | 1,748,396 |
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Akash Network Trading Date Momentum on December 11, 2024
| On December 12 2024 Akash Network was traded for 3.91 at the closing time. The maximum traded price for the trading interval was 4.02 and the lowest daily price was 3.83 . The daily volume was recorded at 1.7 M. The volume of trading on 12th of December 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.26% . The overall trading delta to the closing price today is 1.26% . |
About Akash Network Crypto Coin history
Akash Network 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 Akash is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Akash Network 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.
Akash Network Crypto Coin Technical Analysis
Akash Network 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
Akash Network Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Akash Network 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.
Akash Network December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Akash Network 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 Akash Network shares will generate the highest return on investment.
Akash Network Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Akash Network's price direction in advance. Along with the technical and fundamental analysis of Akash Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Akash 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 | 0.1075 | |||
| Jensen Alpha | 0.8022 | |||
| Total Risk Alpha | 0.0669 | |||
| Sortino Ratio | 0.1465 | |||
| Treynor Ratio | 0.9811 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Akash Network. 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.