OPENP Price on December 2, 2024
| OPENP Crypto | USD 0.01 0.0005 4.07% |
If you're considering investing in OPENP Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of OPENP stands at 0.01, as last reported on the 4th of December, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. OPENP is abnormally risky given 3 months investment horizon. OPENP maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies digital coin had a 0.11% return per unit of risk over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 2.56% are justified by taking the suggested risk. Use OPENP Risk Adjusted Performance of 0.1, semi deviation of 9.34, and Mean Deviation of 10.84 to evaluate coin specific risk that cannot be diversified away.
OPENP Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
OPENP |
Sharpe Ratio = 0.1106
| Best Portfolio | Best Equity | |||
| Good Returns | OPENP | |||
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| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 23.11 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.56 actual daily | 51 51% of assets have lower returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average OPENP is performing at about 8% 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 OPENP by adding it to a well-diversified portfolio.
OPENP Valuation on December 2, 2024
It is possible to determine the worth of OPENP on a given historical date. On December 2, 2024 OPENP was worth 0.013 at the beginning of the trading date compared to the closed value of 0.0123. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OPENP crypto coin. Still, in general, we apply an absolute valuation method to find OPENP'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 OPENP where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OPENP's related companies.
| Open | High | Low | Close | Volume | |
| 0.01 | 0.02 | 0.01 | 0.01 | 2,528,961 | |
12/02/2024 | 0.01 | 0.01 | 0.01 | 0.01 | 1,000,640 |
| 0.01 | 0.01 | 0.01 | 0.01 | 101,977 |
| Backtest OPENP | | | OPENP History | Previous | Next |
OPENP Trading Date Momentum on December 2, 2024
| On December 03 2024 OPENP was traded for 0.01 at the closing time. The highest price during the trading period was 0.01 and the lowest recorded bid was listed for 0.01 . The volume for the day was 102 K. This history from December 3, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 4.07% . The trading delta at closing time to the current price is 0.16% . |
About OPENP Crypto Coin history
OPENP 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 OPENP is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in OPENP 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.
OPENP Crypto Coin Technical Analysis
OPENP 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
OPENP Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
OPENP 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.
OPENP December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how OPENP 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 OPENP shares will generate the highest return on investment.
OPENP Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OPENP's price direction in advance. Along with the technical and fundamental analysis of OPENP Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of OPENP 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 | 0.1 | |||
| Jensen Alpha | 2.74 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.2422 | |||
| Treynor Ratio | (7.26) |
| Cycle Indicators | ||
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| Math Transform | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OPENP. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.