SKM Price on October 1, 2024
| SKM Crypto | USD 0.000073 0.000005 7.35% |
If you're considering investing in SKM Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of SKM stands at 0.000073, as last reported on the 2nd of December, with the highest price reaching 0.000073 and the lowest price hitting 0.000072 during the day. SKM appears to be abnormally risky, given 3 months investment horizon. SKM owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0671, which indicates digital coin had a 0.0671% return per unit of standard deviation over the last 3 months. By examining SKM's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review SKM's coefficient of variation of 1699.79, and Risk Adjusted Performance of 0.0543 to confirm if our risk estimates are consistent with your expectations.
SKM Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
SKM |
Sharpe Ratio = 0.0671
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 10.35 actual daily | 92 92% of assets are less volatile |
Expected Return
| 0.69 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average SKM is performing at about 5% 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 SKM by adding it to a well-diversified portfolio.
SKM Main Headline on 1st of October 2024
Bitcoin, crypto down 4 percent as Israel-Iran conflict escal... by news.google.com
Bitcoin, crypto down 4 percent as Israel-Iran conflict escalates crypto.news
SKM Valuation on October 1, 2024
It is possible to determine the worth of SKM on a given historical date. On October 1, 2024 SKM was worth 6.6E-5 at the beginning of the trading date compared to the closed value of 8.7E-5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SKM crypto coin. Still, in general, we apply an absolute valuation method to find SKM'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 SKM where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SKM's related companies.
| Open | High | Low | Close | Volume | |
| 0.000065 | 0.000066 | 0.000065 | 0.000066 | 1,601,281 | |
10/01/2024 | 0.000066 | 0.0001 | 0.000066 | 0.000087 | 170,178,055 |
| 0.000087 | 0.000091 | 0.000069 | 0.000069 | 14,247,642 |
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SKM Trading Date Momentum on October 1, 2024
| On October 02 2024 SKM was traded for 0.000069 at the closing time. The maximum traded price for the trading interval was 0.000091 and the lowest daily price was 0.000069 . The daily volume was recorded at 14.2 M. The volume of trading on 2nd of October 2024 played a part in the next trading day price drop. The trading price change to the next closing price was 20.69% . The trading price change to the closing price today is 22.99% . |
About SKM Crypto Coin history
SKM 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 SKM is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SKM 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.
SKM Crypto Coin Technical Analysis
SKM 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
SKM Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
SKM 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.
SKM December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how SKM 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 SKM shares will generate the highest return on investment.
SKM Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SKM's price direction in advance. Along with the technical and fundamental analysis of SKM Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of SKM 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 | 0.0543 | |||
| Jensen Alpha | 0.4278 | |||
| Total Risk Alpha | (1.16) | |||
| Sortino Ratio | 0.0444 | |||
| Treynor Ratio | 0.4169 |
| Cycle Indicators | ||
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| 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 SKM. 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.