Yearnfinance Price on November 1, 2024
| YFI Crypto | USD 6,697 1,288 23.82% |
If you're considering investing in Yearnfinance Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Yearnfinance stands at 6,697, as last reported on the 12th of November 2024, with the highest price reaching 6,883 and the lowest price hitting 6,407 during the day. Yearnfinance appears to be very risky, given 3 months investment horizon. yearnfinance shows Sharpe Ratio of 0.13, which attests that digital coin had a 0.13% return per unit of risk over the last 3 months. By examining Yearnfinance's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Yearnfinance's Market Risk Adjusted Performance of 1.07, mean deviation of 2.39, and Downside Deviation of 3.28 to validate if our risk estimates are consistent with your expectations.
Yearnfinance Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Yearnfinance |
Sharpe Ratio = 0.1296
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Estimated Market Risk
| 4.32 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Yearnfinance is performing at about 10% 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 Yearnfinance by adding it to a well-diversified portfolio.
Yearnfinance Valuation on November 1, 2024
It is possible to determine the worth of Yearnfinance on a given historical date. On November 1, 2024 Yearnfinance was worth 4702.11 at the beginning of the trading date compared to the closed value of 4637.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Yearnfinance crypto coin. Still, in general, we apply an absolute valuation method to find Yearnfinance'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 Yearnfinance where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Yearnfinance's related companies.
| Open | High | Low | Close | Volume | |
| 4,717 | 4,795 | 4,651 | 4,702 | 219,140 | |
11/01/2024 | 4,702 | 4,734 | 4,581 | 4,638 | 205,941 |
| 4,484 | 4,605 | 4,462 | 4,574 | 179,824 |
| Backtest Yearnfinance | | | Yearnfinance History | Previous | Next |
Yearnfinance Trading Date Momentum on November 1, 2024
| On November 04 2024 yearnfinance was traded for 4,574 at the closing time. The maximum traded price for the trading interval was 4,605 and the lowest daily price was 4,462 . The daily volume was recorded at 179.8 K. The volume of trading on 4th of November 2024 played a part in the next trading day price drop. The trading price change to the next closing price was 1.38% . The trading date delta to the closing price today is 47.75% . |
About Yearnfinance Crypto Coin history
Yearnfinance 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 Yearnfinance is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in yearnfinance 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.
Yearnfinance Crypto Coin Technical Analysis
Yearnfinance 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
Yearnfinance Period Price Range
Low | November 12, 2024
| High |
0.00 | 0.00 |
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Yearnfinance November 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Yearnfinance 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 Yearnfinance shares will generate the highest return on investment.
Yearnfinance Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Yearnfinance's price direction in advance. Along with the technical and fundamental analysis of Yearnfinance Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Yearnfinance 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 | 0.1004 | |||
| Jensen Alpha | 0.4257 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.1033 | |||
| Treynor Ratio | 1.06 |
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| Volume Indicators |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in yearnfinance. 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.