CarTaxi Profit Calculator or you can say CarTaxi ROI Calculator is a simple tool to calculate how much profit you would have made if you had invested in CarTaxi (CTX) in past. This helps you measure the return on investment (ROI) of CarTaxi (CTX) .
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This CarTaxi Profit Calculator uses a simple mathematical principal to calculate the ROI of CarTaxi. It fetches the historical CarTaxi price from the database and compares with current CarTaxi Price and calculate the profit or loss made on it.
It does this simple calculation get the amount CarTaxi you would have got by investing x$'s on that day ($x/price of CarTaxi). Now it calculates the current price of that amount in USD (current CarTaxi price * amount of CarTaxi purchased in past). Now the return on investment (ROI) is calculated by dividing amount in USD today by amount invested and multiplying it by 100.
Mathmetical logic behind the same:
$invested_USD = USD invested in past date;
$historical_CTX_price = Price of CTX in past date;
$quantity_CTX = Quantity of CTX in past = $amount invested / $price_on_that_day;
$price_CTX = Current price of CTX;
$USD_today = ($price_CTX * $quantity_CTX) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of CarTaxi you can check it here: CarTaxi Price Prediction. This predictions are based on various algorithms applied on the historical price of the CarTaxi.
If you have any query regarding the above calculator you can comment it in comment box below.
