Magic Eden Price on November 27, 2024
| ME Crypto | USD 3.02 0.33 9.85% |
If you're considering investing in Magic Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Magic Eden stands at 3.02, as last reported on the 7th of January, with the highest price reaching 3.03 and the lowest price hitting 2.99 during the day. Magic Eden is abnormally risky given 3 months investment horizon. Magic Eden has Sharpe Ratio of 0.12, which conveys that digital coin had a 0.12% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 14.87% are justified by taking the suggested risk. Use Magic Eden Risk Adjusted Performance of 0.1382, downside deviation of 5.19, and Mean Deviation of 3.2 to evaluate coin specific risk that cannot be diversified away.
Magic Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Magic |
Sharpe Ratio = 0.1181
| Best Portfolio | Best Equity | ME | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 125.86 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Magic Eden is performing at about 9% 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 Magic Eden by adding it to a well-diversified portfolio.
Magic Eden Valuation on November 27, 2024
It is possible to determine the worth of Magic Eden on a given historical date. On November 27, 2024 Magic was worth 0.0 at the beginning of the trading date compared to the closed value of 0.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magic Eden crypto coin. Still, in general, we apply an absolute valuation method to find Magic Eden'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 Magic Eden where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magic Eden's related companies.
| Open | High | Low | Close | Volume | |
| 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | |
11/27/2024 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
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Magic Eden Trading Date Momentum on November 27, 2024
| On November 28 2024 Magic Eden was traded for 0.00 at the closing time. The highest daily price throughout the period was 0.00 and the lowest price was 0.00 . There was no trading activity during the period 1.0. Lack of trading volume on 11/28/2024 did not cause price change. The trading delta at closing time to current closing price is 0.00% . |
About Magic Eden Crypto Coin history
Magic Eden 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 Magic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magic Eden 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.
Magic Eden Crypto Coin Technical Analysis
Magic Eden 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
Magic Eden Period Price Range
Low | January 7, 2025
| High |
0.00 | 0.00 |
Magic Eden 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.
Magic Eden January 7, 2025 Market Strength
Market strength indicators help investors to evaluate how Magic Eden 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 Magic Eden shares will generate the highest return on investment.
Magic Eden Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magic Eden's price direction in advance. Along with the technical and fundamental analysis of Magic Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magic 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 | 0.1382 | |||
| Jensen Alpha | 0.8554 | |||
| Total Risk Alpha | 0.748 | |||
| Sortino Ratio | 0.1642 | |||
| Treynor Ratio | 1.03 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic Eden. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.