Golem Network Price on November 20, 2024
| GLM Crypto | USD 0.49 0.01 2.00% |
If you're considering investing in Golem Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Golem Network stands at 0.49, as last reported on the 3rd of December, with the highest price reaching 0.49 and the lowest price hitting 0.48 during the day. Golem Network is unusually risky given 3 months investment horizon. Golem Network Token holds Efficiency (Sharpe) Ratio of 0.18, which attests that digital coin had a 0.18% return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.09% are justified by taking the suggested risk. Use Golem Network Token Risk Adjusted Performance of 0.1446, market risk adjusted performance of 0.8859, and Downside Deviation of 5.18 to evaluate coin specific risk that cannot be diversified away.
Golem Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Golem |
Sharpe Ratio = 0.1799
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.07 actual daily | 54 54% of assets are less volatile |
Expected Return
| 1.09 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Golem Network is performing at about 14% 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 Golem Network by adding it to a well-diversified portfolio.
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Golem Network Valuation on November 20, 2024
It is possible to determine the worth of Golem Network on a given historical date. On November 20, 2024 Golem was worth 0.35 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 Golem Network crypto coin. Still, in general, we apply an absolute valuation method to find Golem Network'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 Golem Network where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Golem Network's related companies.
| Open | High | Low | Close | Volume | |
| 0.37 | 0.37 | 0.34 | 0.35 | 284,188 | |
11/20/2024 | 0.35 | 0.36 | 0.34 | 0.36 | 181,631 |
| 0.36 | 0.37 | 0.36 | 0.37 | 51,368 |
| Backtest Golem Network | | | Golem Network History | Previous | Next |
Golem Network Trading Date Momentum on November 20, 2024
| On November 21 2024 Golem Network Token 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 0.36 . The daily volume was recorded at 51.4 K. The volume of trading on 21st of November 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 33.33% . |
About Golem Network Crypto Coin history
Golem Network 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 Golem is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Golem Network Token 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.
Golem Network Crypto Coin Technical Analysis
Golem Network 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
Golem Network Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Golem Network Token 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.
Golem Network December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Golem Network 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 Golem Network shares will generate the highest return on investment.
Golem Network Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Golem Network's price direction in advance. Along with the technical and fundamental analysis of Golem Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Golem 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 | 0.1446 | |||
| Jensen Alpha | 0.9276 | |||
| Total Risk Alpha | 0.1614 | |||
| Sortino Ratio | 0.1838 | |||
| Treynor Ratio | 0.8759 |
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| Math Transform | ||
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| Pattern Recognition | ||
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| Statistic Functions | ||
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| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golem Network Token. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.