Dollar-cost averaging (DCA) calculator for Umee (UMEE) Umee Logo

Buying 10.00 USD of UMEE weekly from 02/16/2022 to 02/25/2022 would have performed as follows.

You can customize the Umee dollar cost averaging settings here.

Weekly Investment Summary

Total Invested
20.00 USD
2 Investments
Total UMEE purchased
115.42
 
Current value of your UMEE
15.49 USD
 
Cost AVG profit
-4.51 USD
-22.54%

Lump Sum Investment Summary

Lump sum invest
20.00 USD
on 02/16/2022
UMEE purchased
81.86
 
Current lump sum value
10.99 USD
 
Lump sum profit
-9.01 USD
-45.07%
Share result:

Investment Performance Chart

Weekly Lump Sum
Date
Price
% Change
% Change From Start
Total Invested
UMEE Value
Profit
Profit %
UMEE Total
Total Invested
UMEE Value
Profit
Profit %
UMEE Total
02/16/20220.24432 USD+0.00%+0.00%10.00 USD10.00 USD-0.00 USD-0.02%40.93 UMEE20.00 USD20.00 USD-0.00 USD-0.02%81.86 UMEE
02/23/20220.13424 USD-45.06%-45.06%20.00 USD15.49 USD-4.51 USD-22.54%115.42 UMEE20.00 USD10.99 USD-9.01 USD-45.07%81.86 UMEE

*Please note that values above utilizes data from CoinGecko and ExchangeRate-API.

How to use the UMEE DCA tool

How to use this Umee Investment Calculator

This Umee investment calculator allows you to experiment with various DCA parameters to see how your portfolio would have done in different scenarios. This might assist you in determining the most effective strategies for your future Umee investments.

How portfolio values are calculated

We simulate making purchases on a recurring basis over the duration of the accumulation period beginning on the specified start date. We use the historical price of Umee to determine how many UMEE you would have acquired at that time for each simulated purchase.

What is Dollar Cost Averaging?

Dollar cost average (DCA) is an investment strategy in which a person invests a predetermined amount of money at regular intervals, such as weekly or monthly.

Regardless of what is happening in the financial markets, the investment is usually made every month. As a result, as Umee prices rise, the investor will be able to purchase fewer Umee. When the price of Umee falls, the investor will be able to buy more of it. Because cryptocurrency can be extremely volatile, investing in this manner spreads the risk over a longer period of time. If the investor believes the investment has long-term potential but believes it is too risky to make a large lump sum investment, cost averaging may be a safer option.

How to invest in Umee?

Dollar cost averaging is used by investors all over the world because it provides the following advantages:

  • It's an appealing option for investors who want to make regular contributions to their investment portfolios. Similarly to savings accounts, instead of a lump sum, a fixed proportion of income or a long-term investment goal can be invested each week.
  • It eliminates the need to time the market. As a result, the overall trend in a given stock, rather than the investor's specific entry price, will determine an investor's returns. Furthermore, it assists investors in lowering their cost basis on securities that have lost value.

Umee can be purchased on exchanges like OKEx.