API3 Price on December 3, 2024
| API3 Crypto | USD 2.56 0.04 1.54% |
If you're considering investing in API3 Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of API3 stands at 2.56, as last reported on the 4th of December, with the highest price reaching 2.61 and the lowest price hitting 2.53 during the day. API3 is unusually risky given 3 months investment horizon. API3 secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that digital coin had a 0.22% return per unit of return volatility over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.24% are justified by taking the suggested risk. Use API3 Mean Deviation of 4.27, risk adjusted performance of 0.1602, and Semi Deviation of 4.02 to evaluate coin specific risk that cannot be diversified away.
API3 Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
API3 |
Sharpe Ratio = 0.2155
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.77 actual daily | 51 51% of assets are less volatile |
Expected Return
| 1.24 actual daily | 24 76% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 16 84% of assets perform better |
Based on monthly moving average API3 is performing at about 16% 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 API3 by adding it to a well-diversified portfolio.
API3 Valuation on December 3, 2024
It is possible to determine the worth of API3 on a given historical date. On December 3, 2024 API3 was worth 2.6 at the beginning of the trading date compared to the closed value of 2.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of API3 crypto coin. Still, in general, we apply an absolute valuation method to find API3'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 API3 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against API3's related companies.
| Open | High | Low | Close | Volume | |
| 2.36 | 2.63 | 2.24 | 2.60 | 1,526,502 | |
12/03/2024 | 2.60 | 2.61 | 2.53 | 2.56 | 58,503 |
| 2.60 | 2.61 | 2.53 | 2.56 | 0.00 |
| Backtest API3 | | | API3 History | Previous | Next |
API3 Trading Date Momentum on December 3, 2024
| On December 04 2024 API3 was traded for 2.56 at the closing time. The highest price during the trading period was 2.61 and the lowest recorded bid was listed for 2.53 . There was no trading activity during the period 0.0. Lack of trading volume on December 4, 2024 did not affect price variability. The overall trading delta to the current price is 1.45% . |
About API3 Crypto Coin history
API3 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 API3 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in API3 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.
API3 Crypto Coin Technical Analysis
API3 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
API3 Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
API3 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.
API3 December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how API3 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 API3 shares will generate the highest return on investment.
API3 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for API3's price direction in advance. Along with the technical and fundamental analysis of API3 Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of API3 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 | 0.1602 | |||
| Jensen Alpha | 1.16 | |||
| Total Risk Alpha | 0.3544 | |||
| Sortino Ratio | 0.2085 | |||
| Treynor Ratio | (4.52) |
| 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 API3. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.