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