Drift Protocol Price History
| DRIFT Crypto | USD 1.31 0.09 7.38% |
If you're considering investing in Drift Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Drift Protocol stands at 1.31, as last reported on the 12th of December 2024, with the highest price reaching 1.31 and the lowest price hitting 1.30 during the day. Drift Protocol is abnormally risky given 3 months investment horizon. Drift protocol secures Sharpe Ratio (or Efficiency) of 0.11, which denotes digital coin had a 0.11% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.65% are justified by taking the suggested risk. Use Drift Protocol Downside Deviation of 10.13, mean deviation of 9.55, and Coefficient Of Variation of 923.06 to evaluate coin specific risk that cannot be diversified away.
Drift Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Drift |
Sharpe Ratio = 0.1062
| Best Portfolio | Best Equity | |||
| Good Returns | DRIFT | |||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 24.96 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.65 actual daily | 52 52% of assets have lower returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Drift Protocol 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 Drift Protocol by adding it to a well-diversified portfolio.
Drift Protocol Crypto Coin Price History Chart
There are several ways to analyze Drift Protocol price data. The simplest method is using a basic Drift candlestick price chart, which shows Drift Protocol price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
| Highest Price | November 8, 2024 | 1.8 |
| Lowest Price | November 4, 2024 | 0.4 |
Drift Protocol December 12, 2024 Crypto Coin Price Synopsis
Various analyses of Drift Protocol's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell Drift Crypto Coin. It can be used to describe the percentage change in the price of Drift Protocol from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of Drift Crypto Coin.| Drift Protocol Price Rate Of Daily Change | 1.07 | |
| Drift Protocol Accumulation Distribution | 153.82 | |
| Drift Protocol Price Daily Balance Of Power | 9.00 | |
| Drift Protocol Price Action Indicator | 0.05 |
Drift Protocol December 12, 2024 Crypto Coin Price Analysis
Drift Crypto Coin Price History Data
The price series of Drift Protocol for the period between Fri, Sep 13, 2024 and Thu, Dec 12, 2024 has a statistical range of 1.4 with a coefficient of variation of 47.58. Under current investment horizon, the daily prices are spread out with arithmetic mean of 0.88. The median price for the last 90 days is 0.7.| Open | High | Low | Close | Volume | ||
| 12/11/2024 | 1.31 | 1.31 | 1.30 | 1.31 | 20,151 | |
| 12/10/2024 | 1.22 | 1.33 | 1.18 | 1.31 | 228,034 | |
| 12/09/2024 | 1.31 | 1.38 | 1.12 | 1.22 | 336,585 | |
| 12/06/2024 | 1.70 | 1.70 | 1.63 | 1.65 | 195,473 | |
| 12/05/2024 | 1.60 | 2.00 | 1.60 | 1.70 | 4,570,598 | |
| 12/04/2024 | 1.42 | 1.74 | 1.39 | 1.60 | 3,145,697 | |
| 12/03/2024 | 1.40 | 1.47 | 1.34 | 1.42 | 473,861 | |
| 12/02/2024 | 1.38 | 1.40 | 1.24 | 1.40 | 740,806 | |
| 11/29/2024 | 1.44 | 1.44 | 1.36 | 1.42 | 751,962 | |
| 11/28/2024 | 1.40 | 1.47 | 1.35 | 1.44 | 1,096,441 | |
| 11/27/2024 | 1.31 | 1.41 | 1.30 | 1.40 | 750,840 | |
| 11/26/2024 | 1.27 | 1.31 | 1.24 | 1.31 | 221,759 | |
| 11/25/2024 | 1.30 | 1.33 | 1.20 | 1.27 | 181,584 | |
| 11/22/2024 | 1.40 | 1.44 | 1.33 | 1.37 | 516,415 | |
| 11/21/2024 | 1.38 | 1.41 | 1.31 | 1.40 | 571,640 | |
| 11/20/2024 | 1.32 | 1.42 | 1.29 | 1.38 | 953,628 | |
| 11/19/2024 | 1.43 | 1.43 | 1.28 | 1.32 | 392,780 | |
| 11/18/2024 | 1.56 | 1.56 | 1.39 | 1.43 | 519,046 | |
| 11/15/2024 | 1.23 | 1.27 | 1.18 | 1.22 | 254,720 | |
| 11/14/2024 | 1.13 | 1.25 | 1.07 | 1.23 | 562,599 | |
| 11/13/2024 | 1.28 | 1.28 | 1.10 | 1.13 | 962,986 | |
| 11/12/2024 | 1.39 | 1.58 | 1.24 | 1.28 | 2,707,091 | |
| 11/11/2024 | 1.60 | 1.60 | 1.31 | 1.39 | 3,084,360 | |
| 11/08/2024 | 1.43 | 2.97 | 1.39 | 1.80 | 31,619,461 | |
| 11/07/2024 | 0.50 | 1.51 | 0.50 | 1.43 | 1,479,378 | |
| 11/06/2024 | 0.48 | 0.51 | 0.47 | 0.50 | 610,030 | |
| 11/05/2024 | 0.40 | 0.50 | 0.40 | 0.48 | 2,119,107 | |
| 11/04/2024 | 0.39 | 0.40 | 0.39 | 0.40 | 7,015 | |
| 11/01/2024 | 0.50 | 0.51 | 0.46 | 0.47 | 351,102 | |
| 10/31/2024 | 0.46 | 0.50 | 0.45 | 0.50 | 410,847 | |
| 10/30/2024 | 0.50 | 0.50 | 0.43 | 0.46 | 982,945 | |
| 10/29/2024 | 0.50 | 0.51 | 0.47 | 0.50 | 582,863 | |
| 10/28/2024 | 0.50 | 0.55 | 0.50 | 0.50 | 799,080 | |
| 10/25/2024 | 0.54 | 0.57 | 0.54 | 0.56 | 605,820 | |
| 10/24/2024 | 0.60 | 0.60 | 0.53 | 0.54 | 889,615 | |
| 10/23/2024 | 0.57 | 0.61 | 0.56 | 0.60 | 880,743 | |
| 10/22/2024 | 0.55 | 0.59 | 0.53 | 0.57 | 1,072,396 | |
| 10/21/2024 | 0.50 | 0.57 | 0.50 | 0.55 | 1,975,055 | |
| 10/18/2024 | 0.48 | 0.48 | 0.47 | 0.47 | 35,354 | |
| 10/17/2024 | 0.43 | 0.50 | 0.43 | 0.48 | 825,242 | |
| 10/16/2024 | 0.45 | 0.46 | 0.42 | 0.43 | 626,269 | |
| 10/15/2024 | 0.51 | 0.51 | 0.44 | 0.45 | 633,450 | |
| 10/14/2024 | 0.51 | 0.53 | 0.50 | 0.51 | 597,509 | |
| 10/11/2024 | 0.51 | 0.53 | 0.50 | 0.51 | 291,996 | |
| 10/10/2024 | 0.52 | 0.53 | 0.49 | 0.51 | 594,863 | |
| 10/09/2024 | 0.49 | 0.52 | 0.48 | 0.52 | 670,484 | |
| 10/08/2024 | 0.53 | 0.53 | 0.48 | 0.49 | 430,015 | |
| 10/07/2024 | 0.55 | 0.56 | 0.52 | 0.53 | 437,448 | |
| 10/04/2024 | 0.56 | 0.60 | 0.56 | 0.58 | 238,855 | |
| 10/03/2024 | 0.55 | 0.60 | 0.53 | 0.56 | 581,988 | |
| 10/02/2024 | 0.55 | 0.56 | 0.51 | 0.55 | 577,388 | |
| 10/01/2024 | 0.61 | 0.63 | 0.54 | 0.55 | 572,479 | |
| 09/30/2024 | 0.65 | 0.68 | 0.58 | 0.61 | 608,436 | |
| 09/27/2024 | 0.69 | 0.71 | 0.67 | 0.69 | 249,704 | |
| 09/26/2024 | 0.68 | 0.75 | 0.66 | 0.69 | 839,914 | |
| 09/25/2024 | 0.65 | 0.71 | 0.64 | 0.68 | 465,892 | |
| 09/24/2024 | 0.71 | 0.72 | 0.64 | 0.65 | 448,915 | |
| 09/23/2024 | 0.69 | 0.72 | 0.67 | 0.71 | 546,153 | |
| 09/20/2024 | 0.70 | 0.70 | 0.66 | 0.70 | 341,340 | |
| 09/19/2024 | 0.71 | 0.75 | 0.69 | 0.70 | 409,763 | |
| 09/18/2024 | 0.71 | 0.77 | 0.67 | 0.71 | 1,024,607 |
About Drift Protocol Crypto Coin history
Drift Protocol 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 Drift is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Drift protocol 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.
Drift Protocol Crypto Coin Technical Analysis
Drift Protocol 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.
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Drift Protocol Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Drift Protocol's price direction in advance. Along with the technical and fundamental analysis of Drift Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Drift 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 | 0.088 | |||
| Jensen Alpha | 0.495 | |||
| Total Risk Alpha | (1.24) | |||
| Sortino Ratio | 0.2506 | |||
| Treynor Ratio | 0.1407 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drift protocol. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.