BAX Price on November 22, 2024
| BAX Crypto | USD 0.0001 0.000003 2.78% |
If you're considering investing in BAX Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of BAX stands at 0.0001, as last reported on the 1st of December, with the highest price reaching 0.0001 and the lowest price hitting 0.0001 during the day. BAX is abnormally risky given 3 months investment horizon. BAX secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that digital coin had a 0.15% return per unit of volatility over the last 3 months. We have analyzed and interpolated twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.73% are justified by taking the suggested risk. Use BAX Market Risk Adjusted Performance of (0.92), mean deviation of 10.14, and Coefficient Of Variation of 862.67 to evaluate coin specific risk that cannot be diversified away.
BAX Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
BAX |
Sharpe Ratio = 0.1498
| Best Portfolio | Best Equity | |||
| Good Returns | BAX | |||
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| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 18.19 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.73 actual daily | 54 54% of assets have lower returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average BAX 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 BAX by adding it to a well-diversified portfolio.
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BAX Valuation on November 22, 2024
It is possible to determine the worth of BAX on a given historical date. On November 22, 2024 BAX was worth 1.0E-4 at the beginning of the trading date compared to the closed value of 1.02E-4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BAX crypto coin. Still, in general, we apply an absolute valuation method to find BAX'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 BAX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BAX's related companies.
| Open | High | Low | Close | Volume | |
| 0.0001 | 0.0001 | 0.0001 | 0.0001 | 148,903,014 | |
11/22/2024 | 0.0001 | 0.0001 | 0.000068 | 0.0001 | 178,414,154 |
| 0.0001 | 0.0001 | 0.0001 | 0.0001 | 31,105,791 |
| Backtest BAX | | | BAX History | Previous | Next |
BAX Trading Date Momentum on November 22, 2024
| On November 25 2024 BAX was traded for 0.0001 at the closing time. The maximum traded price for the trading interval was 0.0001 and the lowest daily price was 0.0001 . The daily volume was recorded at 31.1 M. The volume of trading on 25th of November 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.96% . The overall trading delta to the closing price today is 5.69% . |
About BAX Crypto Coin history
BAX 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 BAX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in BAX 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.
BAX Crypto Coin Technical Analysis
BAX 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
BAX Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
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BAX December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how BAX 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 BAX shares will generate the highest return on investment.
BAX Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BAX's price direction in advance. Along with the technical and fundamental analysis of BAX Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of BAX 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 | 0.0982 | |||
| Jensen Alpha | 2.47 | |||
| Total Risk Alpha | (0.97) | |||
| Sortino Ratio | 0.1191 | |||
| Treynor Ratio | (0.93) |
| 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 BAX. 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.