FileCoin Price on February 6, 2024
| FIL Crypto | USD 5.85 0.07 1.18% |
If you're considering investing in FileCoin Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of FileCoin stands at 5.85, as last reported on the 28th of April, with the highest price reaching 6.02 and the lowest price hitting 5.76 during the day. FileCoin appears to be unusually volatile, given 3 months investment horizon. FileCoin secures Sharpe Ratio (or Efficiency) of 0.0606, which denotes digital coin had a 0.0606% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for FileCoin, which you can use to evaluate the volatility of coin. Please utilize FileCoin's Coefficient Of Variation of 1880.94, mean deviation of 4.66, and Downside Deviation of 5.9 to check if our risk estimates are consistent with your expectations.
FileCoin Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
FileCoin |
Sharpe Ratio = 0.0606
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | FIL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 6.6 actual daily | 58 58% of assets are less volatile |
Expected Return
| 0.4 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average FileCoin is performing at about 4% 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 FileCoin by adding it to a well-diversified portfolio.
FileCoin Valuation on February 6, 2024
It is possible to determine the worth of FileCoin on a given historical date. On February 6, 2024 FileCoin was worth 5.07 at the beginning of the trading date compared to the closed value of 5.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of FileCoin crypto coin. Still, in general, we apply an absolute valuation method to find FileCoin'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 FileCoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against FileCoin's related companies.
| Open | High | Low | Close | Volume | |
| 4.99 | 5.14 | 4.93 | 5.07 | 2,430,887 | |
02/06/2024 | 5.07 | 5.20 | 4.97 | 5.18 | 2,093,926 |
| 5.18 | 5.28 | 5.14 | 5.23 | 3,642,378 |
| Backtest FileCoin | | | FileCoin History | Previous | Next |
FileCoin Trading Date Momentum on February 6, 2024
| On February 07 2024 FileCoin was traded for 5.23 at the closing time. The maximum traded price for the trading interval was 5.28 and the lowest daily price was 5.14 . The daily volume was recorded at 3.6 M. The volume of trading on 7th of February 2024 played a part in the next trading day price growth. The overall trading delta to the next closing price was 0.97% . The overall trading delta to the closing price today is 11.78% . |
About FileCoin Crypto Coin history
FileCoin 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 FileCoin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in FileCoin 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.
FileCoin Crypto Coin Technical Analysis
FileCoin 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
FileCoin Period Price Range
Low | February 6, 2024
| High |
5.07 | 5.18 |
FileCoin April 28, 2024 Market Strength
Market strength indicators help investors to evaluate how FileCoin 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 FileCoin shares will generate the highest return on investment.
| Accumulation Distribution | 92615.98 | |||
| Daily Balance Of Power | 0.4783 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 5.09 | |||
| Day Typical Price | 5.12 | |||
| Price Action Indicator | 0.15 | |||
| Period Momentum Indicator | 0.67 |
FileCoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for FileCoin's price direction in advance. Along with the technical and fundamental analysis of FileCoin Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of FileCoin 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 | 0.0422 | |||
| Jensen Alpha | 0.0871 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | 0.0445 | |||
| Treynor Ratio | 0.1063 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FileCoin. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..