NMC Performance
| NMC Crypto | USD 1.02 0.02 2.00% |
The crypto owns a Beta (Systematic Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NMC's returns are expected to increase less than the market. However, during the bear market, the loss of holding NMC is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days NMC has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental indicators, NMC is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
NMC |
NMC Relative Risk vs. Return Landscape
If you would invest 111.00 in NMC on December 13, 2024 and sell it today you would lose (9.00) from holding NMC or give up 8.11% of portfolio value over 90 days. NMC is producing return of less than zero assuming 2.8311% volatility of returns over the 90 days investment horizon. Simply put, 25% of all crypto coins have less volatile historical return distribution than NMC, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NMC Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NMC's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as NMC, and traders can use it to determine the average amount a NMC's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0323
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NMC |
Estimated Market Risk
| 2.83 actual daily | 25 75% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NMC is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NMC by adding NMC to a well-diversified portfolio.
About NMC Performance
By analyzing NMC's fundamental ratios, stakeholders can gain valuable insights into NMC's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NMC has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NMC has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NMC is peer-to-peer digital currency powered by the Blockchain technology.| NMC generated a negative expected return over the last 90 days | |
| NMC has some characteristics of a very speculative cryptocurrency |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NMC. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.