Cardano Price on January 31, 2024
| ADA Crypto | USD 1.08 0.01 0.92% |
If you're considering investing in Cardano Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Cardano stands at 1.08, as last reported on the 11th of December 2024, with the highest price reaching 1.09 and the lowest price hitting 1.08 during the day. Cardano is unusually volatile given 3 months investment horizon. Cardano secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that digital coin had a 0.28% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.92% are justified by taking the suggested risk. Use Cardano Risk Adjusted Performance of 0.2085, mean deviation of 4.67, and Downside Deviation of 6.65 to evaluate coin specific risk that cannot be diversified away.
Cardano Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Cardano |
Sharpe Ratio = 0.2843
| Best Portfolio | Best Equity | |||
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| Average Returns | ADA | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.75 actual daily | 60 60% of assets are less volatile |
Expected Return
| 1.92 actual daily | 38 62% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Cardano is performing at about 22% 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 Cardano by adding it to a well-diversified portfolio.
Cardano Valuation on January 31, 2024
It is possible to determine the worth of Cardano on a given historical date. On January 31, 2024 Cardano was worth 0.31 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 Cardano crypto coin. Still, in general, we apply an absolute valuation method to find Cardano'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 Cardano where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cardano's related companies.
| Open | High | Low | Close | Volume | |
| 0.32 | 0.32 | 0.31 | 0.31 | 18,901,704 | |
07/21/2023 | 0.31 | 0.32 | 0.31 | 0.31 | 1,171,369 |
| 0.46 | 0.46 | 0.46 | 0.46 | 6,764,806 |
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Cardano Trading Date Momentum on January 31, 2024
| On May 25 2024 Cardano was traded for 0.46 at the closing time. The maximum traded price for the trading interval was 0.46 and the lowest daily price was 0.46 . The daily volume was recorded at 6.8 M. The volume of trading on 25th of May 2024 played a part in the next trading day price growth. The overall trading delta to the next closing price was 48.39% . The overall trading delta to the closing price today is 48.39% . |
About Cardano Crypto Coin history
Cardano 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 Cardano is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cardano 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.
Cardano Crypto Coin Technical Analysis
Cardano 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
Cardano Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Cardano 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.
Cardano December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Cardano 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 Cardano shares will generate the highest return on investment.
Cardano Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cardano's price direction in advance. Along with the technical and fundamental analysis of Cardano Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cardano 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 | 0.2085 | |||
| Jensen Alpha | 1.7 | |||
| Total Risk Alpha | 0.7768 | |||
| Sortino Ratio | 0.2585 | |||
| Treynor Ratio | 1.59 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardano. 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.