SKALE Network Price on September 3, 2024
| SKL Crypto | USD 0.08 0.0005 0.63% |
If you're considering investing in SKALE Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of SKALE Network stands at 0.08, as last reported on the 30th of November, with the highest price reaching 0.08 and the lowest price hitting 0.08 during the day. SKALE Network is unusually volatile given 3 months investment horizon. SKALE Network retains Efficiency (Sharpe Ratio) of 0.26, which indicates digital coin had a 0.26% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.68% are justified by taking the suggested risk. Use SKALE Network risk adjusted performance of 0.2014, and Downside Deviation of 4.86 to evaluate coin specific risk that cannot be diversified away.
SKALE Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
SKALE |
Sharpe Ratio = 0.2618
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | SKL | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.42 actual daily | 57 57% of assets are less volatile |
Expected Return
| 1.68 actual daily | 33 67% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average SKALE Network is performing at about 20% 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 SKALE Network by adding it to a well-diversified portfolio.
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SKALE Network Valuation on September 3, 2024
It is possible to determine the worth of SKALE Network on a given historical date. On September 3, 2024 SKALE was worth 0.0308 at the beginning of the trading date compared to the closed value of 0.0314. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SKALE Network crypto coin. Still, in general, we apply an absolute valuation method to find SKALE Network'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 SKALE Network where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SKALE Network's related companies.
| Open | High | Low | Close | Volume | |
| 0.03 | 0.03 | 0.03 | 0.03 | 6,389,999 | |
09/03/2024 | 0.03 | 0.03 | 0.03 | 0.03 | 9,734,464 |
| 0.03 | 0.03 | 0.03 | 0.03 | 6,772,472 |
| Backtest SKALE Network | | | SKALE Network History | Previous | Next |
SKALE Network Trading Date Momentum on September 3, 2024
| On September 04 2024 SKALE Network was traded for 0.03 at the closing time. The maximum traded price for the trading interval was 0.03 and the lowest daily price was 0.03 . The daily volume was recorded at 6.8 M. The volume of trading on 4th of September 2024 played a part in the next trading day price drop. The trading price change to the next closing price was 4.14% . The trading price change to the closing price today is 6.69% . |
About SKALE Network Crypto Coin history
SKALE Network 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 SKALE is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SKALE Network 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.
SKALE Network Crypto Coin Technical Analysis
SKALE Network 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
SKALE Network Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
SKALE Network 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.
SKALE Network November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how SKALE Network 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 SKALE Network shares will generate the highest return on investment.
SKALE Network Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SKALE Network's price direction in advance. Along with the technical and fundamental analysis of SKALE Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of SKALE 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 | 0.2014 | |||
| Jensen Alpha | 1.6 | |||
| Total Risk Alpha | 0.5334 | |||
| Sortino Ratio | 0.3032 | |||
| Treynor Ratio | 37.05 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SKALE Network. 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.