Altlayer Price on November 20, 2024
| ALT Crypto | USD 0.15 0.01 7.14% |
If you're considering investing in Altlayer Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Altlayer stands at 0.15, as last reported on the 30th of November, with the highest price reaching 0.15 and the lowest price hitting 0.14 during the day. Altlayer is exceptionally volatile given 3 months investment horizon. Altlayer secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that digital coin had a 0.16% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.26% are justified by taking the suggested risk. Use Altlayer Risk Adjusted Performance of 0.1236, mean deviation of 5.33, and Downside Deviation of 7.96 to evaluate coin specific risk that cannot be diversified away.
Altlayer Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Altlayer |
Sharpe Ratio = 0.1565
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 8.03 actual daily | 71 71% of assets are less volatile |
Expected Return
| 1.26 actual daily | 25 75% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Altlayer is performing at about 12% 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 Altlayer by adding it to a well-diversified portfolio.
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Altlayer Valuation on November 20, 2024
It is possible to determine the worth of Altlayer on a given historical date. On November 20, 2024 Altlayer was worth 0.1 at the beginning of the trading date compared to the closed value of 0.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Altlayer crypto coin. Still, in general, we apply an absolute valuation method to find Altlayer'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 Altlayer where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Altlayer's related companies.
| Open | High | Low | Close | Volume | |
| 0.11 | 0.11 | 0.10 | 0.10 | 1,110,219 | |
11/20/2024 | 0.10 | 0.12 | 0.10 | 0.11 | 320,197 |
| 0.11 | 0.12 | 0.11 | 0.12 | 238,244 |
| Backtest Altlayer | | | Altlayer History | Previous | Next |
Altlayer Trading Date Momentum on November 20, 2024
| On November 21 2024 Altlayer was traded for 0.12 at the closing time. The maximum traded price for the trading interval was 0.12 and the lowest daily price was 0.11 . The daily volume was recorded at 238.2 K. The volume of trading on 21st of November 2024 played a part in the next trading day price growth. The overall trading delta to the next closing price was 9.09% . The overall trading delta to the closing price today is 27.27% . |
About Altlayer Crypto Coin history
Altlayer 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 Altlayer is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Altlayer 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.
Altlayer Crypto Coin Technical Analysis
Altlayer 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
Altlayer Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Altlayer 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.
Altlayer November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Altlayer 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 Altlayer shares will generate the highest return on investment.
Altlayer Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Altlayer's price direction in advance. Along with the technical and fundamental analysis of Altlayer Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Altlayer 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 | 0.1236 | |||
| Jensen Alpha | 1.28 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.133 | |||
| Treynor Ratio | (1.64) |
| Cycle Indicators | ||
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| 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 Altlayer. 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 Commodity Directory module to find actively traded commodities issued by global exchanges.