RDN Price on December 2, 2024
| RDN Crypto | USD 0.01 0.0005 10.38% |
If you're considering investing in RDN Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of RDN stands at 0.01, as last reported on the 12th of December 2024, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. RDN is abnormally risky given 3 months investment horizon. RDN maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies digital coin had a 0.11% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.52% are justified by taking the suggested risk. Use RDN Semi Deviation of 10.14, market risk adjusted performance of 0.7562, and Risk Adjusted Performance of 0.0818 to evaluate coin specific risk that cannot be diversified away.
RDN Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
RDN |
Sharpe Ratio = 0.112
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 13.55 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.52 actual daily | 30 70% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average RDN is performing at about 8% 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 RDN by adding it to a well-diversified portfolio.
RDN Valuation on December 2, 2024
It is possible to determine the worth of RDN on a given historical date. On December 2, 2024 RDN was worth 0.005446 at the beginning of the trading date compared to the closed value of 0.005702. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of RDN crypto coin. Still, in general, we apply an absolute valuation method to find RDN'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 RDN where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against RDN's related companies.
| Open | High | Low | Close | Volume | |
| 0 | 0.01 | 0 | 0.01 | 281,044 | |
12/02/2024 | 0.01 | 0.01 | 0.01 | 0.01 | 448,715 |
| 0.01 | 0.01 | 0.01 | 0.01 | 272,049 |
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RDN Trading Date Momentum on December 2, 2024
| On December 03 2024 RDN was traded for 0.01 at the closing time. The maximum traded price for the trading interval was 0.01 and the lowest daily price was 0.01 . The daily volume was recorded at 272 K. The volume of trading on 3rd of December 2024 played a part in the next trading day price growth. The trading delta at closing time to the next closing price was 6.28% . The trading delta at closing time to the closing price today is 6.03% . |
About RDN Crypto Coin history
RDN 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 RDN is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in RDN 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.
RDN Crypto Coin Technical Analysis
RDN 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
RDN Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
RDN 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.
RDN December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how RDN 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 RDN shares will generate the highest return on investment.
RDN Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for RDN's price direction in advance. Along with the technical and fundamental analysis of RDN Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of RDN 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 | 0.0818 | |||
| Jensen Alpha | 1.15 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.1081 | |||
| Treynor Ratio | 0.7462 |
| Cycle Indicators | ||
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| Math Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RDN. 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.