ELA Price on June 6, 2024
| ELA Crypto | USD 1.60 0.02 1.23% |
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 1.60, as last reported on the 28th of March, with the highest price reaching 1.63 and the lowest price hitting 1.59 during the day. ELA retains Efficiency (Sharpe Ratio) of -0.0566, which denotes digital coin had a -0.0566 % return per unit of risk over the last 3 months. ELA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ELA's Standard Deviation of 8.67, market risk adjusted performance of (0.88), and Variance of 75.12 to check the risk estimate we provide.
ELA Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
ELA |
Sharpe Ratio = -0.0566
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Estimated Market Risk
| 8.67 actual daily | 77 77% of assets are less volatile |
Expected Return
| -0.49 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 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 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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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.
Price Boundaries
ELA Period Price Range
Low | March 28, 2025
| High |
0.00 | 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 28, 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.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.89) |
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| Volume Indicators |
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.