ORN Price on June 14, 2024
| ORN Crypto | USD 1.60 0.06 3.61% |
If you're considering investing in ORN Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of ORN stands at 1.60, as last reported on the 1st of December, with the highest price reaching 1.61 and the lowest price hitting 1.54 during the day. ORN is abnormally risky given 3 months investment horizon. ORN maintains Sharpe Ratio (i.e., Efficiency) of 0.095, which implies digital coin had a 0.095% return per unit of volatility over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.1% are justified by taking the suggested risk. Use ORN risk adjusted performance of 0.0784, and Semi Deviation of 5.43 to evaluate coin specific risk that cannot be diversified away.
ORN Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
ORN |
Sharpe Ratio = 0.095
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 11.62 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.1 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average ORN is performing at about 7% 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 ORN by adding it to a well-diversified portfolio.
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ORN Valuation on June 14, 2024
It is possible to determine the worth of ORN on a given historical date. On June 14, 2024 ORN was worth 1.56 at the beginning of the trading date compared to the closed value of 1.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ORN crypto coin. Still, in general, we apply an absolute valuation method to find ORN'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 ORN where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ORN's related companies.
| Open | High | Low | Close | Volume | |
| 1.54 | 1.58 | 1.47 | 1.56 | 61,038 | |
06/14/2024 | 1.56 | 1.66 | 1.55 | 1.66 | 34,369 |
| 1.66 | 1.88 | 1.64 | 1.78 | 294,562 |
| Backtest ORN | | | ORN History | Previous | Next |
ORN Trading Date Momentum on June 14, 2024
| On June 15 2024 ORN was traded for 1.78 at the closing time. The maximum traded price for the trading interval was 1.88 and the lowest daily price was 1.64 . The daily volume was recorded at 294.6 K. The volume of trading on 15th of June 2024 played a part in the next trading day price growth. The trading delta at closing time to the next closing price was 7.23% . The trading delta at closing time to the closing price today is 6.02% . |
About ORN Crypto Coin history
ORN 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 ORN is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ORN 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.
ORN Crypto Coin Technical Analysis
ORN 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
ORN Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
ORN 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.
ORN December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how ORN 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 ORN shares will generate the highest return on investment.
ORN Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ORN's price direction in advance. Along with the technical and fundamental analysis of ORN Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of ORN 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 | 0.0784 | |||
| Jensen Alpha | 0.8158 | |||
| Total Risk Alpha | (0.90) | |||
| Sortino Ratio | 0.1447 | |||
| Treynor Ratio | 0.5908 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ORN. 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.