MX Token Price on November 19, 2024
| MX Crypto | USD 3.56 0.06 1.71% |
If you're considering investing in MX Token Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of MX Token stands at 3.56, as last reported on the 4th of December, with the highest price reaching 3.61 and the lowest price hitting 3.47 during the day. At this point, MX Token is very volatile. MX Token retains Efficiency (Sharpe Ratio) of 0.0062, which conveys that digital coin had a 0.0062% return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for MX Token, which you can use to evaluate the volatility of coin. Please verify MX Token's Information Ratio of (0.04), mean deviation of 2.27, and Market Risk Adjusted Performance of 0.5621 to check out if the risk estimate we provide is consistent with the expected return of 0.0195%.
MX Token Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
MX Token |
Sharpe Ratio = 0.0062
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MX |
Estimated Market Risk
| 3.15 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MX Token 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 MX Token by adding MX Token to a well-diversified portfolio.
MX Token Valuation on November 19, 2024
It is possible to determine the worth of MX Token on a given historical date. On November 19, 2024 MX Token was worth 2.97 at the beginning of the trading date compared to the closed value of 2.91. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MX Token crypto coin. Still, in general, we apply an absolute valuation method to find MX Token'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 MX Token where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MX Token's related companies.
| Open | High | Low | Close | Volume | |
| 2.84 | 2.99 | 2.83 | 2.97 | 13,719 | |
11/19/2024 | 2.97 | 2.96 | 2.85 | 2.91 | 11,111 |
| 2.91 | 3.19 | 2.93 | 3.00 | 17,770 |
| Backtest MX Token | | | MX Token History | Previous | Next |
MX Token Trading Date Momentum on November 19, 2024
| On November 20 2024 MX Token was traded for 3.00 at the closing time. The highest daily price throughout the period was 3.19 and the lowest price was 2.93 . The daily volume was 17.8 K. The net trading volume on 11/20/2024 added to the next day price growth. The trading delta at closing time to closing price of the next trading day was 3.09% . The trading delta at closing time to current closing price is 18.21% . |
About MX Token Crypto Coin history
MX Token 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 MX Token is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MX Token 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.
MX Token Crypto Coin Technical Analysis
MX Token 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
MX Token Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
MX Token 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.
MX Token December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how MX Token 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 MX Token shares will generate the highest return on investment.
MX Token Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MX Token's price direction in advance. Along with the technical and fundamental analysis of MX Token Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of MX Token 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 | 0.0052 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 0.5521 |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MX Token. 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.