ELA Price on June 6, 2024

ELA Crypto  USD 2.08  0.09  4.15%   
If you're considering investing in ELA Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of ELA stands at 2.08, as last reported on the 1st of March, with the highest price reaching 2.20 and the lowest price hitting 2.02 during the day. At this point, ELA is abnormally risky. ELA retains Efficiency (Sharpe Ratio) of close to zero, which denotes digital coin had a close to zero % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ELA, which you can use to evaluate the volatility of coin. Please confirm ELA's Coefficient Of Variation of 6585.72, market risk adjusted performance of (6.14), and Downside Deviation of 6.59 to check if the risk estimate we provide is consistent with the expected return of 0.0252%.
  
ELA Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0027

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Estimated Market Risk

 9.36
  actual daily
83
83% of assets are less volatile

Expected Return

 0.03
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average ELA is not performing at its full potential. However, 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 ELA by adding ELA to a well-diversified portfolio.

ELA Main Headline on 6th of June 2024

Robinhood buys crypto exchange BitStamp for 200 million despite likely SEC lawsuit FortuneRobinhood bets big on crypto with 200 million deal for Bitstamp Yahoo FinanceRobinhood Doubles Down on Crypto With Deal for Bitstamp The Wall Street Journal

ELA Valuation on June 6, 2024

It is possible to determine the worth of ELA on a given historical date. On June 6, 2024 ELA was worth 2.61 at the beginning of the trading date compared to the closed value of 2.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ELA crypto coin. Still, in general, we apply an absolute valuation method to find ELA'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 ELA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ELA's related companies.
 Open High Low Close Volume
  2.63    2.78    2.56    2.61    134,354  
06/06/2024
  2.61    2.67    2.47    2.53    86,771  
  2.53    2.64    2.51    2.56    21,245  
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Open Value
2.61
2.53
Closing Value
30.70
Upside

ELA Trading Date Momentum on June 6, 2024

On June 07 2024 ELA was traded for  2.56  at the closing time. The maximum traded price for the trading interval was 2.64  and the lowest daily price was  2.51 . The daily volume was recorded at 21.2 K. The volume of trading on 7th of June 2024 played a part in the next trading day price growth. The overall trading delta to the next closing price was 1.19% . The overall trading delta to the closing price today is 1.58% .

About ELA Crypto Coin history

ELA 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 ELA is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ELA 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.

ELA Crypto Coin Technical Analysis

ELA 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.
A focus of ELA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ELA trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

ELA Period Price Range

Low
March 1, 2025
0.00  NaN%
High

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 0.00 

ELA 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.

ELA March 1, 2025 Market Strength

Market strength indicators help investors to evaluate how ELA 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 ELA shares will generate the highest return on investment.

ELA Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for ELA's price direction in advance. Along with the technical and fundamental analysis of ELA Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of ELA 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.
When determining whether ELA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ELA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ela Crypto.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ELA. 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Please note, there is a significant difference between ELA's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine ELA value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, ELA's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.