CVNT Price on November 21, 2024
| CVNT Crypto | USD 0.20 0.01 5.26% |
If you're considering investing in CVNT Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of CVNT stands at 0.20, as last reported on the 2nd of December, with the highest price reaching 0.20 and the lowest price hitting 0.20 during the day. CVNT appears to be very risky, given 3 months investment horizon. CVNT secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that digital coin had a 0.21% return per unit of risk over the last 3 months. By analyzing CVNT's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please makes use of CVNT's mean deviation of 2.74, and Risk Adjusted Performance of 0.1651 to double-check if our risk estimates are consistent with your expectations.
CVNT Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
CVNT |
Sharpe Ratio = 0.2069
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Estimated Market Risk
| 4.23 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.87 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average CVNT is performing at about 16% 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 CVNT by adding it to a well-diversified portfolio.
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CVNT Valuation on November 21, 2024
It is possible to determine the worth of CVNT on a given historical date. On November 21, 2024 CVNT was worth 0.2 at the beginning of the trading date compared to the closed value of 0.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CVNT crypto coin. Still, in general, we apply an absolute valuation method to find CVNT'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 CVNT where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CVNT's related companies.
| Open | High | Low | Close | Volume | |
| 0.20 | 0.20 | 0.20 | 0.20 | 1.00 | |
11/21/2024 | 0.20 | 0.21 | 0.20 | 0.21 | 1.00 |
| 0.21 | 0.20 | 0.20 | 0.20 | 1.00 |
| Backtest CVNT | | | CVNT History | Previous | Next |
CVNT Trading Date Momentum on November 21, 2024
| On November 22 2024 CVNT was traded for 0.20 at the closing time. The highest price during the trading period was 0.20 and the lowest recorded bid was listed for 0.20 . There was no trading activity during the period 1.0. Lack of trading volume on November 22, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 4.76% . The overall trading delta to the current price is 4.76% . |
About CVNT Crypto Coin history
CVNT 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 CVNT is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CVNT 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.
CVNT Crypto Coin Technical Analysis
CVNT 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
CVNT Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
CVNT 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.
CVNT December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how CVNT 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 CVNT shares will generate the highest return on investment.
CVNT Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CVNT's price direction in advance. Along with the technical and fundamental analysis of CVNT Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of CVNT 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 | 0.1651 | |||
| Jensen Alpha | 0.8716 | |||
| Total Risk Alpha | 0.1511 | |||
| Sortino Ratio | 0.1024 | |||
| Treynor Ratio | (5.36) |
| 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 CVNT. 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.