Ocean Protocol Price on December 11, 2024
| OCEAN Crypto | USD 0.75 0.03 3.85% |
If you're considering investing in Ocean Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Ocean Protocol stands at 0.75, as last reported on the 14th of December 2024, with the highest price reaching 0.79 and the lowest price hitting 0.73 during the day. Ocean Protocol appears to be unusually risky, given 3 months investment horizon. Ocean Protocol maintains Sharpe Ratio (i.e., Efficiency) of 0.0974, which implies digital coin had a 0.0974% return per unit of risk over the last 3 months. By analyzing Ocean Protocol's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please evaluate Ocean Protocol's Semi Deviation of 4.9, risk adjusted performance of 0.0689, and Coefficient Of Variation of 1204.98 to confirm if our risk estimates are consistent with your expectations.
Ocean Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Ocean |
Sharpe Ratio = 0.0974
| Best Portfolio | Best Equity | |||
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| Small Returns | OCEAN | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.72 actual daily | 50 50% of assets are less volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Ocean Protocol is performing at about 7% 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 Ocean Protocol by adding it to a well-diversified portfolio.
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Ocean Protocol Valuation on December 11, 2024
It is possible to determine the worth of Ocean Protocol on a given historical date. On December 11, 2024 Ocean was worth 0.79 at the beginning of the trading date compared to the closed value of 0.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ocean Protocol crypto coin. Still, in general, we apply an absolute valuation method to find Ocean Protocol'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 Ocean Protocol where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ocean Protocol's related companies.
| Open | High | Low | Close | Volume | |
| 0.73 | 0.79 | 0.70 | 0.79 | 204,099 | |
12/11/2024 | 0.79 | 0.82 | 0.76 | 0.77 | 163,619 |
| 0.77 | 0.78 | 0.76 | 0.78 | 6,228 |
| Backtest Ocean Protocol | | | Ocean Protocol History | Previous | Next |
Ocean Protocol Trading Date Momentum on December 11, 2024
| On December 12 2024 Ocean Protocol was traded for 0.78 at the closing time. The highest price during the trading period was 0.78 and the lowest recorded bid was listed for 0.76 . The volume for the day was 6.2 K. This history from December 12, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 1.30% . The trading delta at closing time to the current price is 0.92% . |
About Ocean Protocol Crypto Coin history
Ocean Protocol 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 Ocean is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ocean Protocol 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.
Ocean Protocol Crypto Coin Technical Analysis
Ocean Protocol 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
Ocean Protocol Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Ocean Protocol 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.
Ocean Protocol December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Ocean Protocol 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 Ocean Protocol shares will generate the highest return on investment.
Ocean Protocol Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ocean Protocol's price direction in advance. Along with the technical and fundamental analysis of Ocean Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ocean 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 | 0.0689 | |||
| Jensen Alpha | 0.3817 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.07 | |||
| Treynor Ratio | 0.5065 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocean Protocol. 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.