NXS Market Value
| NXS Crypto | USD 0.23 0.01 4.17% |
| Symbol | NXS |
NXS '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 NXS'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 NXS.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in NXS on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding NXS or generate 0.0% return on investment in NXS over 180 days. NXS is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. NXS is peer-to-peer digital currency powered by the Blockchain technology.
NXS 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 NXS'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 NXS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.49 | |||
| Information Ratio | 0.1719 | |||
| Maximum Drawdown | 20.83 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 7.14 |
NXS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NXS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NXS's standard deviation. In reality, there are many statistical measures that can use NXS historical prices to predict the future NXS's volatility.| Risk Adjusted Performance | 0.1655 | |||
| Jensen Alpha | 0.7655 | |||
| Total Risk Alpha | 0.1478 | |||
| Sortino Ratio | 0.1075 | |||
| Treynor Ratio | 1.77 |
NXS Backtested Returns
NXS appears to be very risky, given 3 months investment horizon. NXS has Sharpe Ratio of 0.21, which conveys that digital coin had a 0.21% return per unit of standard deviation over the last 3 months. By reviewing NXS's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please exercise NXS's Mean Deviation of 2.88, market risk adjusted performance of 1.78, and Risk Adjusted Performance of 0.1655 to check out if our risk estimates are consistent with your expectations. The crypto secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NXS's returns are expected to increase less than the market. However, during the bear market, the loss of holding NXS is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
NXS has modest reverse predictability. Overlapping area represents the amount of predictability between NXS time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 NXS price movement. The serial correlation of -0.46 indicates that about 46.0% of current NXS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NXS lagged returns against current returns
Autocorrelation, which is NXS 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 NXS's crypto coin expected returns. We can calculate the autocorrelation of NXS returns to help us make a trade decision. For example, suppose you find that NXS 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 |
NXS 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 NXS crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NXS crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NXS crypto coin over time.
Current vs Lagged Prices |
| Timeline |
NXS Lagged Returns
When evaluating NXS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NXS crypto coin have on its future price. NXS 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, NXS autocorrelation shows the relationship between NXS crypto coin current value and its past values and can show if there is a momentum factor associated with investing in NXS.
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 NXS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NXS'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 Nxs Crypto.Check out NXS Correlation, NXS Volatility and Investing Opportunities module to complement your research on NXS. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
NXS 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.