GMX Price on November 8, 2024
| GMX Crypto | USD 14.10 0.02 0.14% |
If you're considering investing in GMX Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of GMX stands at 14.10, as last reported on the 28th of March, with the highest price reaching 14.62 and the lowest price hitting 14.07 during the day. GMX holds Efficiency (Sharpe) Ratio of -0.13, which attests that digital coin had a -0.13 % return per unit of volatility over the last 3 months. GMX exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GMX's risk adjusted performance of (0.10), and Market Risk Adjusted Performance of 0.7311 to validate the risk estimate we provide.
GMX Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
GMX |
Sharpe Ratio = -0.1319
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GMX |
Estimated Market Risk
| 6.33 actual daily | 56 56% of assets are less volatile |
Expected Return
| -0.84 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average GMX 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 GMX by adding GMX to a well-diversified portfolio.
GMX Valuation on November 8, 2024
It is possible to determine the worth of GMX on a given historical date. On November 8, 2024 GMX was worth 24.81 at the beginning of the trading date compared to the closed value of 27.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GMX crypto coin. Still, in general, we apply an absolute valuation method to find GMX'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 GMX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GMX's related companies.
| Open | High | Low | Close | Volume | |
| 24.48 | 25.24 | 24.26 | 24.81 | 19,255 | |
11/08/2024 | 24.81 | 27.59 | 24.79 | 27.37 | 27,465 |
| 28.19 | 28.92 | 25.45 | 27.00 | 83,132 |
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GMX Trading Date Momentum on November 8, 2024
| On November 11 2024 GMX was traded for 27.00 at the closing time. The maximum traded price for the trading interval was 28.92 and the lowest daily price was 25.45 . The daily volume was recorded at 83.1 K. The volume of trading on 11th of November 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.35% . The overall trading delta to the closing price today is 7.86% . |
About GMX Crypto Coin history
GMX 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 GMX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in GMX 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.
GMX Crypto Coin Technical Analysis
GMX 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
GMX Period Price Range
Low | March 28, 2025
| High |
0.00 | 0.00 |
GMX 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.
GMX March 28, 2025 Market Strength
Market strength indicators help investors to evaluate how GMX 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 GMX shares will generate the highest return on investment.
GMX Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GMX's price direction in advance. Along with the technical and fundamental analysis of GMX Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of GMX 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 | (0.10) | |||
| Jensen Alpha | (0.88) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 0.7211 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GMX. 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.