ZkSync Price on October 14, 2024
| ZK Crypto | USD 0.24 0.02 9.09% |
If you're considering investing in ZkSync Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of ZkSync stands at 0.24, as last reported on the 12th of December 2024, with the highest price reaching 0.24 and the lowest price hitting 0.24 during the day. ZkSync is unreasonably risky given 3 months investment horizon. zkSync shows Sharpe Ratio of 0.18, which attests that digital coin had a 0.18% return per unit of risk over the last 3 months. We were able to break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.36% are justified by taking the suggested risk. Use zkSync Downside Deviation of 9.48, market risk adjusted performance of 2.5, and Mean Deviation of 5.66 to evaluate coin specific risk that cannot be diversified away.
ZkSync Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
ZkSync |
Sharpe Ratio = 0.1819
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Estimated Market Risk
| 7.49 actual daily | 66 66% of assets are less volatile |
Expected Return
| 1.36 actual daily | 27 73% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average ZkSync is performing at about 14% 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 ZkSync by adding it to a well-diversified portfolio.
ZkSync Valuation on October 14, 2024
It is possible to determine the worth of ZkSync on a given historical date. On October 14, 2024 ZkSync was worth 0.14 at the beginning of the trading date compared to the closed value of 0.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ZkSync crypto coin. Still, in general, we apply an absolute valuation method to find ZkSync'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 ZkSync where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ZkSync's related companies.
| Open | High | Low | Close | Volume | |
| 0.13 | 0.14 | 0.13 | 0.13 | 145,232 | |
10/14/2024 | 0.14 | 0.14 | 0.13 | 0.13 | 1,222,204 |
| 0.13 | 0.13 | 0.13 | 0.13 | 101.43 |
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ZkSync Trading Date Momentum on October 14, 2024
| On October 15 2024 zkSync was traded for 0.13 at the closing time. The highest daily price throughout the period was 0.13 and the lowest price was 0.13 . The daily volume was 101. The net trading volume on 10/15/2024 had no short-term effect on price fluctuation. The trading date delta to current closing price is 7.69% . |
About ZkSync Crypto Coin history
ZkSync 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 ZkSync is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in zkSync 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.
ZkSync Crypto Coin Technical Analysis
ZkSync 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
ZkSync Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
zkSync 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.
ZkSync December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how ZkSync 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 ZkSync shares will generate the highest return on investment.
ZkSync Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ZkSync's price direction in advance. Along with the technical and fundamental analysis of ZkSync Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of ZkSync 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 | 0.1507 | |||
| Jensen Alpha | 1.38 | |||
| Total Risk Alpha | 0.2702 | |||
| Sortino Ratio | 0.1409 | |||
| Treynor Ratio | 2.49 |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in zkSync. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.