Tether Gold Price on November 5, 2024
| XAUT Crypto | USD 2,652 6.84 0.26% |
If you're considering investing in Tether Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Tether Gold stands at 2,652, as last reported on the 3rd of December, with the highest price reaching 2,662 and the lowest price hitting 2,639 during the day. At this point, Tether Gold is relatively risky. Tether Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0815, which indicates digital coin had a 0.0815% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tether Gold, which you can use to evaluate the volatility of coin. Please validate Tether Gold's Coefficient Of Variation of 1073.58, semi deviation of 1.05, and Risk Adjusted Performance of 0.0736 to confirm if the risk estimate we provide is consistent with the expected return of 0.0829%.
Tether Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Tether |
Sharpe Ratio = 0.0815
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Estimated Market Risk
| 1.02 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Tether Gold is performing at about 6% 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 Tether Gold by adding it to a well-diversified portfolio.
Tether Gold Valuation on November 5, 2024
It is possible to determine the worth of Tether Gold on a given historical date. On November 5, 2024 Tether was worth 2748.3 at the beginning of the trading date compared to the closed value of 2661.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tether Gold crypto coin. Still, in general, we apply an absolute valuation method to find Tether Gold'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 Tether Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tether Gold's related companies.
| Open | High | Low | Close | Volume | |
| 2,740 | 2,752 | 2,730 | 2,748 | 109,351 | |
11/05/2024 | 2,748 | 2,756 | 2,658 | 2,662 | 247,613 |
| 2,664 | 2,739 | 2,657 | 2,704 | 248,909 |
| Backtest Tether Gold | | | Tether Gold History | Previous | Next |
Tether Gold Trading Date Momentum on November 5, 2024
| On November 06 2024 Tether Gold was traded for 2,704 at the closing time. The highest price during the trading period was 2,739 and the lowest recorded bid was listed for 2,657 . The volume for the day was 248.9 K. This history from November 6, 2024 contributed to the next trading day price growth. The trading price change to the next closing price was 1.57% . The trading price change to the current price is 3.60% . |
About Tether Gold Crypto Coin history
Tether Gold 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 Tether is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tether Gold 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.
Tether Gold Crypto Coin Technical Analysis
Tether Gold 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
Tether Gold Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Tether Gold 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.
Tether Gold December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Tether Gold 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 Tether Gold shares will generate the highest return on investment.
Tether Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tether Gold's price direction in advance. Along with the technical and fundamental analysis of Tether Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tether 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 | 0.0736 | |||
| Jensen Alpha | 0.0996 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.64) |
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| Volume Indicators |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Tether Gold. 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.