DERO Price on September 23, 2024
| DERO Crypto | USD 1.06 0.20 15.87% |
If you're considering investing in DERO Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of DERO stands at 1.06, as last reported on the 11th of December 2024, with the highest price reaching 1.06 and the lowest price hitting 1.06 during the day. DERO secures Sharpe Ratio (or Efficiency) of -0.0349, which denotes digital coin had a -0.0349% return per unit of volatility over the last 3 months. DERO exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DERO's Mean Deviation of 4.75, market risk adjusted performance of (0.33), and Standard Deviation of 6.16 to check the risk estimate we provide.
DERO Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
DERO |
Sharpe Ratio = -0.0349
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | DERO |
Estimated Market Risk
| 6.25 actual daily | 55 55% of assets are less volatile |
Expected Return
| -0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average DERO is not performing at its full potential. However, 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 DERO by adding DERO to a well-diversified portfolio.
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DERO Valuation on September 23, 2024
It is possible to determine the worth of DERO on a given historical date. On September 23, 2024 DERO was worth 1.54 at the beginning of the trading date compared to the closed value of 1.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of DERO crypto coin. Still, in general, we apply an absolute valuation method to find DERO'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 DERO where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against DERO's related companies.
| Open | High | Low | Close | Volume | |
| 1.36 | 1.43 | 1.34 | 1.40 | 947.90 | |
09/23/2024 | 1.54 | 1.75 | 1.55 | 1.63 | 1,260 |
| 1.63 | 1.67 | 1.53 | 1.54 | 701.23 |
| Backtest DERO | | | DERO History | Previous | Next |
DERO Trading Date Momentum on September 23, 2024
| On September 24 2024 DERO was traded for 1.54 at the closing time. The highest price during the trading period was 1.67 and the lowest recorded bid was listed for 1.53 . The volume for the day was 701. This history from September 24, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 5.52% . The overall trading delta to the current price is 14.11% . |
About DERO Crypto Coin history
DERO 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 DERO is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in DERO 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.
DERO Crypto Coin Technical Analysis
DERO 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
DERO Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
DERO 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.
DERO December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how DERO 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 DERO shares will generate the highest return on investment.
DERO Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for DERO's price direction in advance. Along with the technical and fundamental analysis of DERO Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of DERO 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 | (0.02) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (1.26) | |||
| Treynor Ratio | (0.34) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DERO. 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.