Omni Network Price on December 2, 2024
| OMNI Crypto | USD 11.38 0.05 0.44% |
If you're considering investing in Omni Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Omni Network stands at 11.38, as last reported on the 12th of December 2024, with the highest price reaching 11.64 and the lowest price hitting 11.38 during the day. Omni Network is abnormally risky given 3 months investment horizon. Omni Network maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies 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 10.45% are justified by taking the suggested risk. Use Omni Network Coefficient Of Variation of 667.29, risk adjusted performance of 0.1181, and Semi Deviation of 8.17 to evaluate coin specific risk that cannot be diversified away.
Omni Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Omni |
Sharpe Ratio = 0.1486
| Best Portfolio | Best Equity | OMNI | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 70.37 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
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Omni Network 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 Omni Network by adding it to a well-diversified portfolio.
Omni Network Valuation on December 2, 2024
It is possible to determine the worth of Omni Network on a given historical date. On December 2, 2024 Omni was worth 12.41 at the beginning of the trading date compared to the closed value of 13.88. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Omni Network crypto coin. Still, in general, we apply an absolute valuation method to find Omni Network'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 Omni Network where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Omni Network's related companies.
| Open | High | Low | Close | Volume | |
| 11.60 | 12.95 | 11.46 | 12.68 | 373,272 | |
12/02/2024 | 12.41 | 14.04 | 12.16 | 13.88 | 675,024 |
| 13.88 | 14.87 | 13.44 | 14.36 | 640,358 |
| Backtest Omni Network | | | Omni Network History | Previous | Next |
Omni Network Trading Date Momentum on December 2, 2024
| On December 03 2024 Omni Network was traded for 14.36 at the closing time. The highest price during the trading period was 14.87 and the lowest recorded bid was listed for 13.44 . The volume for the day was 640.4 K. This history from December 3, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 3.46% . The trading delta at closing time to the current price is 16.28% . |
About Omni Network Crypto Coin history
Omni Network 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 Omni is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Omni Network 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.
Omni Network Crypto Coin Technical Analysis
Omni Network 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
Omni Network Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Omni Network 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.
Omni Network December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Omni Network 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 Omni Network shares will generate the highest return on investment.
Omni Network Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Omni Network's price direction in advance. Along with the technical and fundamental analysis of Omni Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Omni 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 | 0.1181 | |||
| Jensen Alpha | 12.25 | |||
| Total Risk Alpha | (0.61) | |||
| Sortino Ratio | 0.5934 | |||
| Treynor Ratio | (0.63) |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omni Network. 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.