Decred Price on May 8, 2023
| DCR Crypto | USD 18.87 1.28 7.28% |
If you're considering investing in Decred Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Decred stands at 18.87, as last reported on the 3rd of December, with the highest price reaching 19.58 and the lowest price hitting 18.66 during the day. Decred appears to be very volatile, given 3 months investment horizon. Decred secures Sharpe Ratio (or Efficiency) of 0.24, which denotes digital coin had a 0.24% return per unit of standard deviation over the last 3 months. By reviewing Decred's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please utilize Decred's Downside Deviation of 3.25, semi deviation of 2.53, and Mean Deviation of 2.81 to check if our risk estimates are consistent with your expectations.
Decred Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Decred |
Sharpe Ratio = 0.2391
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Estimated Market Risk
| 3.67 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.88 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Decred is performing at about 18% 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 Decred by adding it to a well-diversified portfolio.
Decred Valuation on May 8, 2023
It is possible to determine the worth of Decred on a given historical date. On May 8, 2023 Decred was worth 16.39 at the beginning of the trading date compared to the closed value of 17.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Decred crypto coin. Still, in general, we apply an absolute valuation method to find Decred'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 Decred where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Decred's related companies.
| Open | High | Low | Close | Volume | |
| 18.29 | 18.05 | 17.45 | 17.62 | 99,017 | |
05/08/2023 | 16.39 | 17.29 | 16.01 | 17.11 | 103,711 |
| 17.11 | 17.56 | 16.60 | 17.07 | 99,458 |
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Decred Trading Date Momentum on May 8, 2023
| On May 09 2023 Decred was traded for 17.07 at the closing time. The maximum traded price for the trading interval was 17.56 and the lowest daily price was 16.60 . The daily volume was recorded at 99.5 K. The volume of trading on 9th of May 2023 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.23% . The overall trading delta to the closing price today is 0.12% . |
About Decred Crypto Coin history
Decred 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 Decred is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Decred 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.
Decred Crypto Coin Technical Analysis
Decred 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
Decred Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Decred 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.
Decred December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Decred 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 Decred shares will generate the highest return on investment.
Decred Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Decred's price direction in advance. Along with the technical and fundamental analysis of Decred Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Decred 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 | 0.1734 | |||
| Jensen Alpha | 0.7351 | |||
| Total Risk Alpha | 0.2365 | |||
| Sortino Ratio | 0.2067 | |||
| Treynor Ratio | 1.76 |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Decred. 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.