Drift Protocol Price on December 4, 2024
| DRIFT Crypto | USD 1.44 0.02 1.41% |
If you're considering investing in Drift Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Drift Protocol stands at 1.44, as last reported on the 4th of December, with the highest price reaching 1.48 and the lowest price hitting 1.39 during the day. Drift Protocol is abnormally risky given 3 months investment horizon. Drift protocol secures Sharpe Ratio (or Efficiency) of 0.14, which denotes digital coin had a 0.14% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 3.5% are justified by taking the suggested risk. Use Drift Protocol Mean Deviation of 9.91, coefficient of variation of 774.97, and Downside Deviation of 9.58 to evaluate coin specific risk that cannot be diversified away.
Drift Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Drift |
Sharpe Ratio = 0.1417
| Best Portfolio | Best Equity | |||
| Good Returns | DRIFT | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 24.72 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.5 actual daily | 69 69% of assets have lower returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Drift Protocol 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 Drift Protocol by adding it to a well-diversified portfolio.
Drift Protocol Valuation on December 4, 2024
It is possible to determine the worth of Drift Protocol on a given historical date. On December 4, 2024 Drift was worth 1.42 at the beginning of the trading date compared to the closed value of 1.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Drift Protocol crypto coin. Still, in general, we apply an absolute valuation method to find Drift Protocol'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 Drift Protocol where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Drift Protocol's related companies.
| Open | High | Low | Close | Volume | |
| 1.40 | 1.47 | 1.34 | 1.42 | 473,861 | |
12/04/2024 | 1.42 | 1.48 | 1.39 | 1.44 | 187,463 |
| Backtest Drift Protocol | | | Drift Protocol History | Previous |
Drift Protocol Trading Date Momentum on December 4, 2024
| On December 04 2024 Drift protocol was traded for 1.44 at the closing time. The highest price during the trading period was 1.48 and the lowest recorded bid was listed for 1.39 . The volume for the day was 187.5 K. This history from December 4, 2024 did not affect price variability. The overall trading delta to the current price is 1.39% . |
About Drift Protocol Crypto Coin history
Drift Protocol 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 Drift is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Drift protocol 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.
Drift Protocol Crypto Coin Technical Analysis
Drift Protocol 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
Drift Protocol Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Drift protocol 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.
Drift Protocol December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Drift Protocol 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 Drift Protocol shares will generate the highest return on investment.
Drift Protocol Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Drift Protocol's price direction in advance. Along with the technical and fundamental analysis of Drift Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Drift 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 | 0.1081 | |||
| Jensen Alpha | 1.48 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.3206 | |||
| Treynor Ratio | 0.1936 |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drift protocol. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.