SXP Price on November 7, 2024
| SXP Crypto | USD 0.42 0.02 5.00% |
If you're considering investing in SXP Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of SXP stands at 0.42, as last reported on the 1st of December, with the highest price reaching 0.43 and the lowest price hitting 0.41 during the day. SXP is abnormally risky given 3 months investment horizon. SXP owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates digital coin had a 0.17% return per unit of standard deviation over the last 3 months. We were able to interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.6% are justified by taking the suggested risk. Use SXP coefficient of variation of 628.97, and Risk Adjusted Performance of 0.1307 to evaluate coin specific risk that cannot be diversified away.
SXP Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
SXP |
Sharpe Ratio = 0.1675
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 9.53 actual daily | 84 84% of assets are less volatile |
Expected Return
| 1.6 actual daily | 31 69% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average SXP is performing at about 13% 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 SXP by adding it to a well-diversified portfolio.
SXP Valuation on November 7, 2024
It is possible to determine the worth of SXP on a given historical date. On November 7, 2024 SXP was worth 0.32 at the beginning of the trading date compared to the closed value of 0.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SXP crypto coin. Still, in general, we apply an absolute valuation method to find SXP'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 SXP where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SXP's related companies.
| Open | High | Low | Close | Volume | |
| 0.28 | 0.34 | 0.28 | 0.32 | 161,664 | |
11/07/2024 | 0.32 | 0.33 | 0.30 | 0.31 | 134,352 |
| 0.31 | 0.31 | 0.29 | 0.31 | 142,830 |
| Backtest SXP | | | SXP History | Previous | Next |
SXP Trading Date Momentum on November 7, 2024
| On November 08 2024 SXP was traded for 0.31 at the closing time. The maximum traded price for the trading interval was 0.31 and the lowest daily price was 0.29 . The daily volume was recorded at 142.8 K. The volume of trading on 8th of November 2024 did not result in any price rise and fall. The trading price change to the closing price today is 19.35% . |
About SXP Crypto Coin history
SXP 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 SXP is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SXP 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.
SXP Crypto Coin Technical Analysis
SXP 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
SXP Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
SXP 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.
SXP December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how SXP 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 SXP shares will generate the highest return on investment.
SXP Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SXP's price direction in advance. Along with the technical and fundamental analysis of SXP Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of SXP 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 | 0.1307 | |||
| Jensen Alpha | 1.46 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.2055 | |||
| Treynor Ratio | 4.08 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SXP. 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.