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