Layer3 Price on November 21, 2024
| L3 Crypto | USD 0.13 0.05 57.58% |
If you're considering investing in Layer3 Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Layer3 stands at 0.13, as last reported on the 30th of November, with the highest price reaching 0.15 and the lowest price hitting 0.11 during the day. Layer3 is abnormally risky given 3 months investment horizon. Layer3 has Sharpe Ratio of 0.22, which conveys that digital coin had a 0.22% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.45% are justified by taking the suggested risk. Use Layer3 Downside Deviation of 6.76, mean deviation of 6.88, and Risk Adjusted Performance of 0.1789 to evaluate coin specific risk that cannot be diversified away.
Layer3 Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Layer3 |
Sharpe Ratio = 0.2245
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | L3 | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 10.94 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.45 actual daily | 48 52% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Layer3 is performing at about 17% 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 Layer3 by adding it to a well-diversified portfolio.
Related Headline
Sui Headline on 21st of November 2024
Trump eyes first-ever White House crypto czar - Fox Business by news.google.com
Trump eyes first-ever White House crypto czar Fox Business
Layer3 Valuation on November 21, 2024
It is possible to determine the worth of Layer3 on a given historical date. On November 21, 2024 Layer3 was worth 0.063 at the beginning of the trading date compared to the closed value of 0.0621. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Layer3 crypto coin. Still, in general, we apply an absolute valuation method to find Layer3'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 Layer3 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Layer3's related companies.
| Open | High | Low | Close | Volume | |
| 0.07 | 0.07 | 0.06 | 0.06 | 255,514 | |
11/21/2024 | 0.06 | 0.07 | 0.06 | 0.06 | 613,710 |
| 0.06 | 0.07 | 0.06 | 0.06 | 741,009 |
| Backtest Layer3 | | | Layer3 History | Previous | Next |
Layer3 Trading Date Momentum on November 21, 2024
| On November 22 2024 Layer3 was traded for 0.06 at the closing time. The highest daily price throughout the period was 0.07 and the lowest price was 0.06 . The daily volume was 741 K. The net trading volume on 11/22/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 1.29% . The trading delta at closing time to current closing price is 109.34% . |
About Layer3 Crypto Coin history
Layer3 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 Layer3 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Layer3 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.
Layer3 Crypto Coin Technical Analysis
Layer3 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
Layer3 Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Layer3 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.
Layer3 November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Layer3 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 Layer3 shares will generate the highest return on investment.
Layer3 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Layer3's price direction in advance. Along with the technical and fundamental analysis of Layer3 Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Layer3 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 | 0.1789 | |||
| Jensen Alpha | 2.12 | |||
| Total Risk Alpha | 0.5868 | |||
| Sortino Ratio | 0.3362 | |||
| Treynor Ratio | 1.1 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Layer3. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.