STEEMD Price on December 10, 2024
| STEEMD Crypto | USD 3.68 0.01 0.27% |
If you're considering investing in STEEMD Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of STEEMD stands at 3.68, as last reported on the 14th of December 2024, with the highest price reaching 3.73 and the lowest price hitting 3.66 during the day. STEEMD appears to be unusually volatile, given 3 months investment horizon. STEEMD owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates digital coin had a 0.12% return per unit of volatility over the last 3 months. By examining STEEMD's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please review STEEMD's coefficient of variation of 839.49, and Risk Adjusted Performance of 0.0953 to confirm if our risk estimates are consistent with your expectations.
STEEMD Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
STEEMD |
Sharpe Ratio = 0.1191
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Estimated Market Risk
| 6.81 actual daily | 60 60% of assets are less volatile |
Expected Return
| 0.81 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average STEEMD is performing at about 9% 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 STEEMD by adding it to a well-diversified portfolio.
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STEEMD Valuation on December 10, 2024
It is possible to determine the worth of STEEMD on a given historical date. On December 10, 2024 STEEMD was worth 3.54 at the beginning of the trading date compared to the closed value of 4.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of STEEMD crypto coin. Still, in general, we apply an absolute valuation method to find STEEMD'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 STEEMD where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against STEEMD's related companies.
| Open | High | Low | Close | Volume | |
| 3.65 | 3.80 | 3.21 | 3.54 | 2,943 | |
12/10/2024 | 3.54 | 4.17 | 3.41 | 4.17 | 187.85 |
| 4.17 | 4.13 | 3.58 | 3.58 | 248.29 |
| Backtest STEEMD | | | STEEMD History | Previous | Next |
STEEMD Trading Date Momentum on December 10, 2024
| On December 11 2024 STEEMD was traded for 3.58 at the closing time. The highest price during the trading period was 4.13 and the lowest recorded bid was listed for 3.58 . The volume for the day was 248. This history from December 11, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 14.15% . The trading price change to the current price is 11.51% . |
About STEEMD Crypto Coin history
STEEMD 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 STEEMD is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in STEEMD 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.
STEEMD Crypto Coin Technical Analysis
STEEMD 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
STEEMD Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
STEEMD 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.
STEEMD December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how STEEMD 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 STEEMD shares will generate the highest return on investment.
STEEMD Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for STEEMD's price direction in advance. Along with the technical and fundamental analysis of STEEMD Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of STEEMD 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 | 0.0953 | |||
| Jensen Alpha | 0.665 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.107 | |||
| Treynor Ratio | 0.5502 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STEEMD. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.