ALEO Price on December 3, 2024
| ALEO Crypto | USD 1.65 0.02 1.20% |
If you're considering investing in ALEO Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of ALEO stands at 1.65, as last reported on the 11th of December 2024, with the highest price reaching 1.67 and the lowest price hitting 1.64 during the day. ALEO is abnormally risky given 3 months investment horizon. ALEO secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that digital coin had a 0.12% return per unit of risk over the last 3 months. We were able to break down twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.92% are justified by taking the suggested risk. Use ALEO Risk Adjusted Performance of (0.03), standard deviation of 6.67, and Mean Deviation of 3.92 to evaluate coin specific risk that cannot be diversified away.
ALEO Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
ALEO |
Sharpe Ratio = 0.1201
| Best Portfolio | Best Equity | ALEO | ||
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Estimated Market Risk
| 124.27 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average ALEO 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 ALEO by adding it to a well-diversified portfolio.
ALEO Valuation on December 3, 2024
It is possible to determine the worth of ALEO on a given historical date. On December 3, 2024 ALEO was worth 1.56 at the beginning of the trading date compared to the closed value of 1.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ALEO crypto coin. Still, in general, we apply an absolute valuation method to find ALEO'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 ALEO where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ALEO's related companies.
| Open | High | Low | Close | Volume | |
| 1.65 | 1.69 | 1.47 | 1.56 | 1,295,926 | |
12/03/2024 | 1.56 | 1.70 | 1.51 | 1.56 | 865,519 |
| 1.56 | 1.76 | 1.50 | 1.66 | 1,432,260 |
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ALEO Trading Date Momentum on December 3, 2024
| On December 04 2024 ALEO was traded for 1.66 at the closing time. The highest price during the trading period was 1.76 and the lowest recorded bid was listed for 1.50 . The volume for the day was 1.4 M. This history from December 4, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 6.41% . The overall trading delta to the current price is 7.05% . |
About ALEO Crypto Coin history
ALEO 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 ALEO is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ALEO 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.
ALEO Crypto Coin Technical Analysis
ALEO 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
ALEO Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
ALEO 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.
ALEO December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how ALEO 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 ALEO shares will generate the highest return on investment.
ALEO Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ALEO's price direction in advance. Along with the technical and fundamental analysis of ALEO Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of ALEO 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 | (0.03) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (1.44) | |||
| Treynor Ratio | 20.41 |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ALEO. 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.