Dogecoin Price on September 30, 2024
| DOGE Crypto | USD 0.40 0.01 2.56% |
If you're considering investing in Dogecoin Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Dogecoin stands at 0.40, as last reported on the 28th of November, with the highest price reaching 0.40 and the lowest price hitting 0.40 during the day. Dogecoin is abnormally risky given 3 months investment horizon. Dogecoin secures Sharpe Ratio (or Efficiency) of 0.24, which denotes digital coin had a 0.24% return per unit of risk over the last 3 months. We were able to break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.67% are justified by taking the suggested risk. Use Dogecoin Coefficient Of Variation of 425.04, mean deviation of 6.08, and Downside Deviation of 8.22 to evaluate coin specific risk that cannot be diversified away.
Dogecoin Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Dogecoin |
Sharpe Ratio = 0.2391
| Best Portfolio | Best Equity | |||
| Good Returns | DOGE | |||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 11.19 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.67 actual daily | 53 53% of assets have lower returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Dogecoin 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 Dogecoin by adding it to a well-diversified portfolio.
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Dogecoin Valuation on September 30, 2024
It is possible to determine the worth of Dogecoin on a given historical date. On September 30, 2024 Dogecoin was worth 0.11 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 Dogecoin crypto coin. Still, in general, we apply an absolute valuation method to find Dogecoin'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 Dogecoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Dogecoin's related companies.
| Open | High | Low | Close | Volume | |
| 0.12 | 0.13 | 0.12 | 0.13 | 493,446,377 | |
09/30/2024 | 0.11 | 0.12 | 0.10 | 0.11 | 552,165,854 |
| 0.11 | 0.11 | 0.10 | 0.10 | 376,846,966 |
| Backtest Dogecoin | | | Dogecoin History | Previous | Next |
Dogecoin Trading Date Momentum on September 30, 2024
| On October 01 2024 Dogecoin was traded for 0.10 at the closing time. The highest price during the trading period was 0.11 and the lowest recorded bid was listed for 0.10 . The volume for the day was 376.8 M. This history from October 1, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 9.09% . The overall trading delta to the current price is 0.00% . |
About Dogecoin Crypto Coin history
Dogecoin 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 Dogecoin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Dogecoin 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.
Dogecoin Crypto Coin Technical Analysis
Dogecoin 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
Dogecoin Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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Dogecoin November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Dogecoin 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 Dogecoin shares will generate the highest return on investment.
Dogecoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Dogecoin's price direction in advance. Along with the technical and fundamental analysis of Dogecoin Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Dogecoin 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 | 0.1896 | |||
| Jensen Alpha | 2.43 | |||
| Total Risk Alpha | 0.9238 | |||
| Sortino Ratio | 0.3003 | |||
| Treynor Ratio | 1.97 |
| 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 Dogecoin. 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.