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