COV Price on December 2, 2024
| COV Crypto | USD 0.36 0.01 2.70% |
If you're considering investing in COV Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of COV stands at 0.36, as last reported on the 11th of December 2024, with the highest price reaching 0.36 and the lowest price hitting 0.36 during the day. COV appears to be very volatile, given 3 months investment horizon. COV secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that digital coin had a 0.23% return per unit of volatility over the last 3 months. By analyzing COV's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please makes use of COV's risk adjusted performance of 0.1954, and Mean Deviation of 2.35 to double-check if our risk estimates are consistent with your expectations.
COV Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
COV |
Sharpe Ratio = 0.2256
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Estimated Market Risk
| 3.35 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.76 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average COV is performing at about 17% 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 COV by adding it to a well-diversified portfolio.
COV Valuation on December 2, 2024
It is possible to determine the worth of COV on a given historical date. On December 2, 2024 COV was worth 0.36 at the beginning of the trading date compared to the closed value of 0.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of COV crypto coin. Still, in general, we apply an absolute valuation method to find COV'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 COV where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against COV's related companies.
| Open | High | Low | Close | Volume | |
| 0.36 | 0.36 | 0.36 | 0.36 | 1.00 | |
12/02/2024 | 0.36 | 0.36 | 0.36 | 0.36 | 1.00 |
| 0.36 | 0.37 | 0.37 | 0.37 | 1.00 |
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COV Trading Date Momentum on December 2, 2024
| On December 03 2024 COV was traded for 0.37 at the closing time. The maximum traded price for the trading interval was 0.37 and the lowest daily price was 0.37 . There was no trading activity during the period 1.0. Lack of trading volume on 3rd of December 2024 played a part in the next trading day price growth. The overall trading delta to the next closing price was 2.78% . The overall trading delta to the closing price today is 0.00% . |
About COV Crypto Coin history
COV 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 COV is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in COV 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.
COV Crypto Coin Technical Analysis
COV 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
COV Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
COV 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.
COV December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how COV 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 COV shares will generate the highest return on investment.
COV Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for COV's price direction in advance. Along with the technical and fundamental analysis of COV Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of COV 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 | 0.1954 | |||
| Jensen Alpha | 0.8512 | |||
| Total Risk Alpha | 0.3309 | |||
| Sortino Ratio | 0.1402 | |||
| Treynor Ratio | 7.27 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in COV. 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.