Pyth Network Price on December 6, 2024
| PYTH Crypto | USD 0.43 0.03 6.52% |
If you're considering investing in Pyth Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Pyth Network stands at 0.43, as last reported on the 15th of December 2024, with the highest price reaching 0.47 and the lowest price hitting 0.42 during the day. Pyth Network appears to be unusually risky, given 3 months investment horizon. Pyth Network maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies digital coin had a 0.13% return per unit of risk over the last 3 months. By analyzing Pyth Network's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please evaluate Pyth Network's Coefficient Of Variation of 750.35, semi deviation of 5.71, and Risk Adjusted Performance of 0.1054 to confirm if our risk estimates are consistent with your expectations.
Pyth Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Pyth |
Sharpe Ratio = 0.1333
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Estimated Market Risk
| 5.75 actual daily | 51 51% of assets are less volatile |
Expected Return
| 0.77 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Pyth Network is performing at about 10% 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 Pyth Network by adding it to a well-diversified portfolio.
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Pyth Network Valuation on December 6, 2024
It is possible to determine the worth of Pyth Network on a given historical date. On December 6, 2024 Pyth was worth 0.52 at the beginning of the trading date compared to the closed value of 0.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Pyth Network crypto coin. Still, in general, we apply an absolute valuation method to find Pyth 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 Pyth Network where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Pyth Network's related companies.
| Open | High | Low | Close | Volume | |
| 0.51 | 0.53 | 0.50 | 0.52 | 1,306,754 | |
12/06/2024 | 0.52 | 0.52 | 0.51 | 0.52 | 38,213 |
| 0.42 | 0.42 | 0.41 | 0.41 | 16,637 |
| Backtest Pyth Network | | | Pyth Network History | Previous | Next |
Pyth Network Trading Date Momentum on December 6, 2024
| On December 09 2024 Pyth Network was traded for 0.41 at the closing time. The highest price during the trading period was 0.42 and the lowest recorded bid was listed for 0.41 . The volume for the day was 16.6 K. This history from December 9, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 21.15% . The trading delta at closing time to the current price is 11.27% . |
About Pyth Network Crypto Coin history
Pyth 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 Pyth is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Pyth 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.
Pyth Network Crypto Coin Technical Analysis
Pyth 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
Pyth Network Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Pyth 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.
Pyth Network December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Pyth 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 Pyth Network shares will generate the highest return on investment.
Pyth Network Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Pyth Network's price direction in advance. Along with the technical and fundamental analysis of Pyth Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Pyth 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 | 0.1054 | |||
| Jensen Alpha | 0.6112 | |||
| Total Risk Alpha | 0.0418 | |||
| Sortino Ratio | 0.089 | |||
| Treynor Ratio | 0.4684 |
| Cycle Indicators | ||
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| Statistic Functions | ||
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pyth 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.