21Shares Polygon (Switzerland) Price on November 12, 2024
| POLY Etf | 6.99 0.34 4.64% |
If you're considering investing in 21Shares Etf, it is important to understand the factors that can impact its price. As of today, the current price of 21Shares Polygon stands at 6.99, as last reported on the 15th of December 2024, with the highest price reaching 7.13 and the lowest price hitting 6.99 during the day. 21Shares Polygon is unstable given 3 months investment horizon. 21Shares Polygon ETP secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the etf had a 0.13% return per unit of risk over the last 3 months. We are able to interpolate and break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.02% are justified by taking the suggested risk. Use 21Shares Polygon mean deviation of 5.71, and Coefficient Of Variation of 745.19 to evaluate company specific risk that cannot be diversified away.
21Shares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
21Shares |
Sharpe Ratio = 0.1275
| Best Portfolio | Best Equity | |||
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| Small Returns | POLY | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.99 actual daily | 71 71% of assets are less volatile |
Expected Return
| 1.02 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average 21Shares Polygon is performing at about 10% 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 21Shares Polygon by adding it to a well-diversified portfolio.
21Shares Polygon Valuation on November 12, 2024
It is possible to determine the worth of 21Shares Polygon on a given historical date. On November 12, 2024 21Shares was worth 5.0 at the beginning of the trading date compared to the closed value of 4.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 21Shares Polygon etf. Still, in general, we apply an absolute valuation method to find 21Shares 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 21Shares Polygon where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 21Shares Polygon's related companies.
| Open | High | Low | Close | Volume | |
| 4.65 | 4.72 | 4.63 | 4.68 | 2,603 | |
11/12/2024 | 5.00 | 5.06 | 4.61 | 4.61 | 20,107 |
| 4.19 | 4.59 | 4.19 | 4.59 | 740.00 |
| Backtest 21Shares Polygon | | | 21Shares Polygon History | Previous | Next |
21Shares Polygon Trading Date Momentum on November 12, 2024
| On November 13 2024 21Shares Polygon ETP was traded for 4.59 at the closing time. The highest price during the trading period was 4.59 and the lowest recorded bid was listed for 4.19 . The volume for the day was 740. This history from November 13, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.43% . The daily price change to the current price is 14.97% . |
Price Boundaries
21Shares Polygon Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
21Shares Polygon ETP cannot be verified against its exchange. Please verify the symbol is currently traded on SIX Swiss Exchange. 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.
21Shares Polygon December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how 21Shares Polygon etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 21Shares Polygon shares will generate the highest return on investment. By undertsting and applying 21Shares Polygon etf market strength indicators, traders can identify 21Shares Polygon ETP entry and exit signals to maximize returns
21Shares Polygon Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 21Shares Polygon's price direction in advance. Along with the technical and fundamental analysis of 21Shares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 21Shares 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.