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