NXM Market Value
| NXM Crypto | USD 26.03 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.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in NXM on January 27, 2025 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 30 days. NXM is related to or competes with Staked Ether, Phala Network, EigenLayer, Morpho, Tokocrypto, 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.
| Information Ratio | (0.39) | |||
| 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 | (0.18) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 1.45 |
NXM Backtested Returns
NXM has Sharpe Ratio of -0.0149, which conveys that digital coin had a -0.0149 % return per unit of volatility over the last 3 months. NXM exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NXM's risk adjusted performance of (0.18), and Mean Deviation of 0.0237 to check out the risk estimate we provide. The crypto secures a Beta (Market Risk) of -0.0073, 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 | -0.04 |
Very weak reverse predictability
NXM has very weak reverse predictability. Overlapping area represents the amount of predictability between NXM time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 -0.04 indicates that only as little as 4.0% of current NXM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.04 | |
| 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.