Tether Gold Price on December 3, 2024

XAUT Crypto  USD 2,687  15.16  0.56%   
If you're considering investing in Tether Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Tether Gold stands at 2,687, as last reported on the 20th of January, with the highest price reaching 2,755 and the lowest price hitting 2,613 during the day. Tether Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates digital coin had a close to zero % return per unit of risk over the last 3 months. Tether Gold exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tether Gold's Risk Adjusted Performance of 0.0022, coefficient of variation of (123,387), and Variance of 1.39 to confirm the risk estimate we provide.
  
Tether Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0046

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Estimated Market Risk

 1.18
  actual daily
10
90% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average Tether Gold is not performing at its full potential. However, 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 Tether Gold by adding Tether Gold to a well-diversified portfolio.

Tether Gold Valuation on December 3, 2024

It is possible to determine the worth of Tether Gold on a given historical date. On December 3, 2024 Tether was worth 2640.91 at the beginning of the trading date compared to the closed value of 2649.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tether Gold crypto coin. Still, in general, we apply an absolute valuation method to find Tether Gold'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 Tether Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tether Gold's related companies.
 Open High Low Close Volume
  2,651    2,718    2,633    2,641    102,112  
12/03/2024
  2,641    2,764    2,647    2,650    81,203  
  2,655    2,658    2,609    2,630    1,105,580  
Backtest Tether Gold  |  Tether Gold History  PreviousNext  
Open Value
2640.91
2649.51
Closing Value
2,644
Upside

Tether Gold Trading Date Momentum on December 3, 2024

On December 04 2024 Tether Gold was traded for  2,630  at the closing time. The highest price during the trading period was 2,658  and the lowest recorded bid was listed for  2,609 . The volume for the day was 1.1 M. This history from December 4, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.74% . The trading price change to the current price is 0.38% .

About Tether Gold Crypto Coin history

Tether Gold 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 Tether is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tether Gold 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.

Tether Gold Crypto Coin Technical Analysis

Tether Gold 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.
A focus of Tether Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tether Gold trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Tether Gold Period Price Range

Low
January 20, 2025
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High

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Tether Gold 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.

Tether Gold January 20, 2025 Market Strength

Market strength indicators help investors to evaluate how Tether Gold 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 Tether Gold shares will generate the highest return on investment.

Tether Gold Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Tether Gold's price direction in advance. Along with the technical and fundamental analysis of Tether Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tether 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.
When determining whether Tether Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tether Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tether Gold Crypto.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Tether Gold. 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 Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Please note, there is a significant difference between Tether Gold's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Tether Gold value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Tether Gold's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.