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