Wrapped Bitcoin Price on July 29, 2024
| WBTC Crypto | USD 62,903 1,195 1.94% |
If you're considering investing in Wrapped Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Wrapped Bitcoin stands at 62,903, as last reported on the 19th of September, with the highest price reaching 63,820 and the lowest price hitting 61,442 during the day. At this point, Wrapped Bitcoin is very volatile. Wrapped Bitcoin shows Sharpe Ratio of 0.006, which attests that digital coin had a 0.006% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Wrapped Bitcoin, which you can use to evaluate the volatility of coin. Please check out Wrapped Bitcoin's Market Risk Adjusted Performance of (0.15), standard deviation of 3.23, and Mean Deviation of 2.16 to validate if the risk estimate we provide is consistent with the expected return of 0.0197%.
Wrapped Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Wrapped |
Sharpe Ratio = 0.006
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | WBTC |
Estimated Market Risk
| 3.3 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Wrapped Bitcoin is not performing at its full potential. However, 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 Wrapped Bitcoin by adding Wrapped Bitcoin to a well-diversified portfolio.
Wrapped Bitcoin Valuation on July 29, 2024
It is possible to determine the worth of Wrapped Bitcoin on a given historical date. On July 29, 2024 Wrapped was worth 66849.56 at the beginning of the trading date compared to the closed value of 66246.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wrapped Bitcoin crypto coin. Still, in general, we apply an absolute valuation method to find Wrapped Bitcoin'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 Wrapped Bitcoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wrapped Bitcoin's related companies.
| Open | High | Low | Close | Volume | |
| 67,912 | 67,972 | 67,864 | 67,905 | 24,270,766 | |
07/29/2024 | 66,850 | 66,312 | 66,246 | 66,246 | 56,336,260 |
| 66,246 | 64,747 | 64,618 | 64,682 | 18,727,866 |
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Wrapped Bitcoin Trading Date Momentum on July 29, 2024
| On July 30 2024 Wrapped Bitcoin was traded for 64,682 at the closing time. The highest price during the trading period was 64,747 and the lowest recorded bid was listed for 64,618 . The volume for the day was 18.7 M. This history from July 30, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 2.36% . The trading price change to the current price is 6.86% . |
About Wrapped Bitcoin Crypto Coin history
Wrapped Bitcoin 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 Wrapped is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wrapped Bitcoin 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.
Wrapped Bitcoin Crypto Coin Technical Analysis
Wrapped Bitcoin 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
Wrapped Bitcoin Period Price Range
Low | September 19, 2024
| High |
0.00 | 0.00 |
Wrapped Bitcoin 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.
Wrapped Bitcoin September 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Wrapped Bitcoin 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 Wrapped Bitcoin shares will generate the highest return on investment.
Wrapped Bitcoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wrapped Bitcoin's price direction in advance. Along with the technical and fundamental analysis of Wrapped Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wrapped 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) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.16) |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Information and Resources on Investing in Wrapped Crypto Coin
When determining whether Wrapped Bitcoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wrapped Bitcoin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wrapped Bitcoin Crypto.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrapped Bitcoin. 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.