Memecoin Price on November 22, 2024
| MEME Crypto | USD 0.02 0.0009 5.92% |
If you're considering investing in Memecoin Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Memecoin stands at 0.02, as last reported on the 2nd of December, with the highest price reaching 0.02 and the lowest price hitting 0.01 during the day. Memecoin is unreasonably risky given 3 months investment horizon. Memecoin has Sharpe Ratio of 0.15, which conveys that digital coin had a 0.15% return per unit of risk 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 1.12% are justified by taking the suggested risk. Use Memecoin Risk Adjusted Performance of 0.1121, downside deviation of 6.2, and Mean Deviation of 5.4 to evaluate coin specific risk that cannot be diversified away.
Memecoin Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Memecoin |
Sharpe Ratio = 0.1454
| Best Portfolio | Best Equity | |||
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| Small Returns | MEME | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.69 actual daily | 68 68% of assets are less volatile |
Expected Return
| 1.12 actual daily | 22 78% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Memecoin is performing at about 11% 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 Memecoin by adding it to a well-diversified portfolio.
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Memecoin Valuation on November 22, 2024
It is possible to determine the worth of Memecoin on a given historical date. On November 22, 2024 Memecoin was worth 0.0134 at the beginning of the trading date compared to the closed value of 0.0142. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Memecoin crypto coin. Still, in general, we apply an absolute valuation method to find Memecoin'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 Memecoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Memecoin's related companies.
| Open | High | Low | Close | Volume | |
| 0.01 | 0.01 | 0.01 | 0.01 | 5,141 | |
11/22/2024 | 0.01 | 0.01 | 0.01 | 0.01 | 3,520,817 |
| 0.01 | 0.02 | 0.01 | 0.01 | 5,270,158 |
| Backtest Memecoin | | | Memecoin History | Previous | Next |
Memecoin Trading Date Momentum on November 22, 2024
| On November 25 2024 Memecoin was traded for 0.01 at the closing time. The highest price during the trading period was 0.02 and the lowest recorded bid was listed for 0.01 . The volume for the day was 5.3 M. This history from November 25, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 6.34% . The trading delta at closing time to the current price is 6.97% . |
About Memecoin Crypto Coin history
Memecoin 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 Memecoin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Memecoin 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.
Memecoin Crypto Coin Technical Analysis
Memecoin 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
Memecoin Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
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Memecoin December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Memecoin 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 Memecoin shares will generate the highest return on investment.
Memecoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Memecoin's price direction in advance. Along with the technical and fundamental analysis of Memecoin Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Memecoin 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 | 0.1121 | |||
| Jensen Alpha | 0.79 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.145 | |||
| Treynor Ratio | 0.5535 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Memecoin. 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.