NXM Market Value
| NXM Crypto | USD 26.04 0.01 0.04% |
| Symbol | NXM |
NXM '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 NXM'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 NXM.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in NXM on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding NXM or generate 0.0% return on investment in NXM over 90 days. NXM is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, and DIA. NXM is peer-to-peer digital currency powered by the Blockchain technology.
NXM 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 NXM'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 NXM upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0475 | |||
| Information Ratio | 2.68 | |||
| Maximum Drawdown | 0.2306 | |||
| Value At Risk | (0.04) | |||
| Potential Upside | 0.0384 |
NXM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NXM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NXM's standard deviation. In reality, there are many statistical measures that can use NXM historical prices to predict the future NXM's volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 2.09 | |||
| Treynor Ratio | 1.16 |
NXM Backtested Returns
At this point, NXM is relatively risky. NXM has Sharpe Ratio of close to zero, which conveys that digital coin had a close to zero % return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for NXM, which you can use to evaluate the volatility of coin. Please verify NXM's mean deviation of 0.0233, and Risk Adjusted Performance of (0.23) to check out if the risk estimate we provide is consistent with the expected return of 0.0%. The crypto secures a Beta (Market Risk) of -0.0086, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NXM are expected to decrease at a much lower rate. During the bear market, NXM is likely to outperform the market.
Auto-correlation | -0.16 |
Insignificant reverse predictability
NXM has insignificant reverse predictability. Overlapping area represents the amount of predictability between NXM time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NXM price movement. The serial correlation of -0.16 indicates that over 16.0% of current NXM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NXM lagged returns against current returns
Autocorrelation, which is NXM 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 NXM's crypto coin expected returns. We can calculate the autocorrelation of NXM returns to help us make a trade decision. For example, suppose you find that NXM 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 |
NXM 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 NXM crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NXM crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NXM crypto coin over time.
Current vs Lagged Prices |
| Timeline |
NXM Lagged Returns
When evaluating NXM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NXM crypto coin have on its future price. NXM 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, NXM autocorrelation shows the relationship between NXM crypto coin current value and its past values and can show if there is a momentum factor associated with investing in NXM.
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 NXM offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NXM'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 Nxm Crypto.Check out NXM Correlation, NXM Volatility and Investing Opportunities module to complement your research on NXM. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
NXM 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.