Solana Price on October 2, 2024
| SOL Crypto | USD 244.76 2.50 1.03% |
If you're considering investing in Solana Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Solana stands at 244.76, as last reported on the 28th of November, with the highest price reaching 244.81 and the lowest price hitting 240.87 during the day. Solana is very risky given 3 months investment horizon. Solana owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates digital coin had a 0.25% 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 1.01% are justified by taking the suggested risk. Use Solana Semi Deviation of 3.14, risk adjusted performance of 0.1825, and Coefficient Of Variation of 439.36 to evaluate coin specific risk that cannot be diversified away.
Solana Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Solana |
Sharpe Ratio = 0.2454
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.13 actual daily | 36 64% of assets are more volatile |
Expected Return
| 1.01 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Solana is performing at about 19% 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 Solana by adding it to a well-diversified portfolio.
Solana Valuation on October 2, 2024
It is possible to determine the worth of Solana on a given historical date. On October 2, 2024 Solana was worth 140.17 at the beginning of the trading date compared to the closed value of 136.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Solana crypto coin. Still, in general, we apply an absolute valuation method to find Solana'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 Solana where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Solana's related companies.
| Open | High | Low | Close | Volume | |
| 145.15 | 148.95 | 138.63 | 140.17 | 261,733,390 | |
10/02/2024 | 140.17 | 142.93 | 133.12 | 136.79 | 257,292,486 |
| 136.79 | 144.59 | 135.95 | 143.19 | 214,516,576 |
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Solana Trading Date Momentum on October 2, 2024
| On October 03 2024 Solana was traded for 143.19 at the closing time. The maximum traded price for the trading interval was 144.59 and the lowest daily price was 135.95 . The daily volume was recorded at 214.5 M. The volume of trading on 3rd of October 2024 played a part in the next trading day price growth. The trading price change to the next closing price was 4.68% . The trading price change to the closing price today is 15.15% . |
About Solana Crypto Coin history
Solana 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 Solana is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Solana 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.
Solana Crypto Coin Technical Analysis
Solana 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
Solana Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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Solana November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Solana 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 Solana shares will generate the highest return on investment.
Solana Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Solana's price direction in advance. Along with the technical and fundamental analysis of Solana Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Solana 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 | 0.1825 | |||
| Jensen Alpha | 0.8941 | |||
| Total Risk Alpha | 0.3051 | |||
| Sortino Ratio | 0.2176 | |||
| Treynor Ratio | 3.95 |
| Cycle Indicators | ||
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| Math Transform | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solana. 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.