Chainlink Price on September 4, 2024
| LINK Crypto | USD 18.53 0.14 0.75% |
If you're considering investing in Chainlink Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Chainlink stands at 18.53, as last reported on the 28th of November, with the highest price reaching 18.71 and the lowest price hitting 18.48 during the day. Chainlink appears to be very risky, given 3 months investment horizon. Chainlink secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that digital coin had a 0.2% return per unit of standard deviation over the last 3 months. By analyzing Chainlink's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please makes use of Chainlink's risk adjusted performance of 0.1366, and Mean Deviation of 3.46 to double-check if our risk estimates are consistent with your expectations.
Chainlink Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Chainlink |
Sharpe Ratio = 0.1984
| Best Portfolio | Best Equity | |||
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| Small Returns | LINK | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.66 actual daily | 41 59% of assets are more volatile |
Expected Return
| 0.92 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Chainlink is performing at about 15% 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 Chainlink by adding it to a well-diversified portfolio.
Chainlink Main Headline on 4th of September 2024
Crypto advocate John Deaton wins GOP nod to challenge indust... by news.google.com
Crypto advocate John Deaton wins GOP nod to challenge industry skeptic Elizabeth Warren for Senate seat Fox Business
Chainlink Valuation on September 4, 2024
It is possible to determine the worth of Chainlink on a given historical date. On September 4, 2024 Chainlink was worth 10.33 at the beginning of the trading date compared to the closed value of 10.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chainlink crypto coin. Still, in general, we apply an absolute valuation method to find Chainlink'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 Chainlink where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chainlink's related companies.
| Open | High | Low | Close | Volume | |
| 10.31 | 10.50 | 9.83 | 10.33 | 16,316,724 | |
09/04/2024 | 10.33 | 10.39 | 9.91 | 10.02 | 9,565,742 |
| 10.02 | 10.18 | 9.28 | 9.58 | 19,657,667 |
| Backtest Chainlink | | | Chainlink History | Previous | Next |
Chainlink Trading Date Momentum on September 4, 2024
| On September 05 2024 Chainlink was traded for 9.58 at the closing time. The highest price during the trading period was 10.18 and the lowest recorded bid was listed for 9.28 . The volume for the day was 19.7 M. This history from September 5, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 4.39% . The overall trading delta to the current price is 5.19% . |
About Chainlink Crypto Coin history
Chainlink 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 Chainlink is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chainlink 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.
Chainlink Crypto Coin Technical Analysis
Chainlink 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
Chainlink Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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Chainlink November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Chainlink 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 Chainlink shares will generate the highest return on investment.
Chainlink Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Chainlink's price direction in advance. Along with the technical and fundamental analysis of Chainlink Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chainlink 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 | 0.1366 | |||
| Jensen Alpha | 0.6045 | |||
| Total Risk Alpha | 0.0366 | |||
| Sortino Ratio | 0.1416 | |||
| Treynor Ratio | 0.6237 |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Chainlink. 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.