Mina Protocol Price on February 9, 2024
| MINA Crypto | USD 0.77 0.03 3.75% |
If you're considering investing in Mina Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Mina Protocol stands at 0.77, as last reported on the 2nd of May, with the highest price reaching 0.80 and the lowest price hitting 0.77 during the day. Mina Protocol has Sharpe Ratio of -0.0873, which conveys that digital coin had a -0.0873% return per unit of risk over the last 3 months. Mina Protocol exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mina Protocol's Risk Adjusted Performance of (0.03), mean deviation of 4.32, and Standard Deviation of 5.87 to check out the risk estimate we provide.
Mina Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Mina |
Sharpe Ratio = -0.0873
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MINA |
Estimated Market Risk
| 5.9 actual daily | 52 52% of assets are less volatile |
Expected Return
| -0.52 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mina Protocol 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 Mina Protocol by adding Mina Protocol to a well-diversified portfolio.
Mina Protocol Valuation on February 9, 2024
It is possible to determine the worth of Mina Protocol on a given historical date. On February 9, 2024 Mina was worth 1.27 at the beginning of the trading date compared to the closed value of 1.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mina Protocol crypto coin. Still, in general, we apply an absolute valuation method to find Mina Protocol'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 Mina Protocol where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mina Protocol's related companies.
| Open | High | Low | Close | Volume | |
| 1.18 | 1.29 | 1.18 | 1.27 | 808,515 | |
02/09/2024 | 1.27 | 1.31 | 1.27 | 1.31 | 79,482 |
| 1.40 | 1.44 | 1.35 | 1.40 | 1,370,789 |
| Backtest Mina Protocol | | | Mina Protocol History | Previous | Next |
Mina Protocol Trading Date Momentum on February 9, 2024
| On February 12 2024 Mina Protocol was traded for 1.40 at the closing time. The highest price during the trading period was 1.44 and the lowest recorded bid was listed for 1.35 . The volume for the day was 1.4 M. This history from February 12, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 6.87% . The trading delta at closing time to the current price is 5.34% . |
About Mina Protocol Crypto Coin history
Mina Protocol 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 Mina is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mina Protocol 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.
Mina Protocol Crypto Coin Technical Analysis
Mina Protocol 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
Mina Protocol Period Price Range
Low | February 9, 2024
| High |
1.27 | 1.31 |
Mina Protocol May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Mina Protocol 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 Mina Protocol shares will generate the highest return on investment.
| Accumulation Distribution | 2426.92 | |||
| Daily Balance Of Power | 1.0 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 1.29 | |||
| Day Typical Price | 1.3 | |||
| Price Action Indicator | 0.04 | |||
| Period Momentum Indicator | (0.54) |
Mina Protocol Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mina Protocol's price direction in advance. Along with the technical and fundamental analysis of Mina Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mina 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 | (0.03) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.29) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mina Protocol. 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.