Decentraland Price on November 20, 2024
| MANA Crypto | USD 0.55 0.01 1.79% |
If you're considering investing in Decentraland Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Decentraland stands at 0.55, as last reported on the 5th of January, with the highest price reaching 0.57 and the lowest price hitting 0.54 during the day. Decentraland is unreasonably risky given 3 months investment horizon. Decentraland secures Sharpe Ratio (or Efficiency) of 0.16, which denotes digital coin had a 0.16% return per unit of standard deviation 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 1.28% are justified by taking the suggested risk. Use Decentraland Semi Deviation of 5.87, mean deviation of 5.8, and Downside Deviation of 7.07 to evaluate coin specific risk that cannot be diversified away.
Decentraland Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Decentraland |
Sharpe Ratio = 0.1649
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.76 actual daily | 69 69% of assets are less volatile |
Expected Return
| 1.28 actual daily | 25 75% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Decentraland is performing at about 12% 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 Decentraland by adding it to a well-diversified portfolio.
Decentraland Valuation on November 20, 2024
It is possible to determine the worth of Decentraland on a given historical date. On November 20, 2024 Decentraland was worth 0.4 at the beginning of the trading date compared to the closed value of 0.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Decentraland crypto coin. Still, in general, we apply an absolute valuation method to find Decentraland'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 Decentraland where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Decentraland's related companies.
| Open | High | Low | Close | Volume | |
| 0.41 | 0.41 | 0.40 | 0.40 | 6,053 | |
11/20/2024 | 0.40 | 0.42 | 0.39 | 0.41 | 2,570,008 |
| 0.41 | 0.47 | 0.40 | 0.45 | 5,343,839 |
| Backtest Decentraland | | | Decentraland History | Previous | Next |
Decentraland Trading Date Momentum on November 20, 2024
| On November 21 2024 Decentraland was traded for 0.45 at the closing time. The highest price during the trading period was 0.47 and the lowest recorded bid was listed for 0.40 . The volume for the day was 5.3 M. This history from November 21, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 9.76% . The overall trading delta to the current price is 63.41% . |
About Decentraland Crypto Coin history
Decentraland 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 Decentraland is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Decentraland 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.
Decentraland Crypto Coin Technical Analysis
Decentraland 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
Decentraland Period Price Range
Low | January 5, 2025
| High |
0.00 | 0.00 |
Decentraland 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.
Decentraland January 5, 2025 Market Strength
Market strength indicators help investors to evaluate how Decentraland 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 Decentraland shares will generate the highest return on investment.
Decentraland Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Decentraland's price direction in advance. Along with the technical and fundamental analysis of Decentraland Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Decentraland 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 | 0.1417 | |||
| Jensen Alpha | 1.22 | |||
| Total Risk Alpha | 1.13 | |||
| Sortino Ratio | 0.1751 | |||
| Treynor Ratio | 0.593 |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Decentraland. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.