Numeraire Market Value
| NMR Crypto | USD 18.98 0.01 0.05% |
| Symbol | Numeraire |
Numeraire 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Numeraire's crypto coin what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Numeraire.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Numeraire on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Numeraire or generate 0.0% return on investment in Numeraire over 30 days. Numeraire is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. Numeraire is peer-to-peer digital currency powered by the Blockchain technology.
Numeraire Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Numeraire's crypto coin current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Numeraire upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.84 | |||
| Information Ratio | 0.043 | |||
| Maximum Drawdown | 31.42 | |||
| Value At Risk | (7.85) | |||
| Potential Upside | 6.94 |
Numeraire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Numeraire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Numeraire's standard deviation. In reality, there are many statistical measures that can use Numeraire historical prices to predict the future Numeraire's volatility.| Risk Adjusted Performance | 0.0614 | |||
| Jensen Alpha | 0.2572 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.0364 | |||
| Treynor Ratio | 0.529 |
Numeraire Backtested Returns
Numeraire appears to be extremely risky, given 3 months investment horizon. Numeraire has Sharpe Ratio of 0.1, which conveys that digital coin had a 0.1% return per unit of risk over the last 3 months. By analyzing Numeraire's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Numeraire's Mean Deviation of 3.49, downside deviation of 5.84, and Risk Adjusted Performance of 0.0614 to check out if our risk estimates are consistent with your expectations. The crypto secures a Beta (Market Risk) of 0.63, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Numeraire's returns are expected to increase less than the market. However, during the bear market, the loss of holding Numeraire is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
Numeraire has average predictability. Overlapping area represents the amount of predictability between Numeraire time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Numeraire price movement. The serial correlation of 0.47 indicates that about 47.0% of current Numeraire price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 1.85 |
Numeraire lagged returns against current returns
Autocorrelation, which is Numeraire crypto coin's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Numeraire's crypto coin expected returns. We can calculate the autocorrelation of Numeraire returns to help us make a trade decision. For example, suppose you find that Numeraire has exhibited high autocorrelation historically, and you observe that the crypto coin is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Numeraire regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Numeraire crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Numeraire crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Numeraire crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Numeraire Lagged Returns
When evaluating Numeraire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Numeraire crypto coin have on its future price. Numeraire autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Numeraire autocorrelation shows the relationship between Numeraire crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Numeraire.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Numeraire offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Numeraire's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Numeraire Crypto.Check out Numeraire Correlation, Numeraire Volatility and Investing Opportunities module to complement your research on Numeraire. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Numeraire technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.