Polygon Price on July 6, 2023
| MATIC Crypto | USD 0.58 0.12 17.14% |
If you're considering investing in Polygon Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Polygon stands at 0.58, as last reported on the 11th of December 2024, with the highest price reaching 0.58 and the lowest price hitting 0.58 during the day. Polygon appears to be unusually risky, given 3 months investment horizon. Polygon maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies digital coin had a 0.12% return per unit of risk over the last 3 months. By analyzing Polygon's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please evaluate Polygon's Semi Deviation of 4.24, coefficient of variation of 685.18, and Risk Adjusted Performance of 0.1142 to confirm if our risk estimates are consistent with your expectations.
Polygon Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Polygon |
Sharpe Ratio = 0.1216
| Best Portfolio | Best Equity | |||
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| Small Returns | MATIC | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.82 actual daily | 51 51% of assets are less volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Polygon is performing at about 9% 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 Polygon by adding it to a well-diversified portfolio.
Polygon Valuation on July 6, 2023
It is possible to determine the worth of Polygon on a given historical date. On July 6, 2023 Polygon was worth 0.66 at the beginning of the trading date compared to the closed value of 0.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Polygon crypto coin. Still, in general, we apply an absolute valuation method to find Polygon'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 Polygon where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Polygon's related companies.
| Open | High | Low | Close | Volume | |
| 0.67 | 0.70 | 0.65 | 0.66 | 7,686,707 | |
07/06/2023 | 0.66 | 0.68 | 0.65 | 0.68 | 3,527,524 |
| 0.68 | 0.69 | 0.67 | 0.68 | 3,525,753 |
| Backtest Polygon | | | Polygon History | Previous | Next |
Polygon Trading Date Momentum on July 6, 2023
| On July 07 2023 Polygon was traded for 0.68 at the closing time. The highest price during the trading period was 0.69 and the lowest recorded bid was listed for 0.67 . The volume for the day was 3.5 M. This history from July 7, 2023 did not cause price change. The trading delta at closing time to the current price is 14.71% . |
About Polygon Crypto Coin history
Polygon 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 Polygon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Polygon 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.
Polygon Crypto Coin Technical Analysis
Polygon 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
Polygon Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Polygon 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.
Polygon December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Polygon 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 Polygon shares will generate the highest return on investment.
Polygon Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Polygon's price direction in advance. Along with the technical and fundamental analysis of Polygon Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Polygon 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 | 0.1142 | |||
| Jensen Alpha | 0.6225 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1039 | |||
| Treynor Ratio | 0.4467 |
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| Math Transform | ||
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Polygon. 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.