NEXO Performance
| NEXO Crypto | USD 1.24 0.01 0.80% |
The crypto secures a Beta (Market Risk) of -0.77, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NEXO are expected to decrease at a much lower rate. During the bear market, NEXO is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days NEXO has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unsteady performance, the Crypto's fundamental indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for NEXO shareholders. ...more
NEXO |
NEXO Relative Risk vs. Return Landscape
If you would invest 145.00 in NEXO on November 28, 2024 and sell it today you would lose (21.00) from holding NEXO or give up 14.48% of portfolio value over 90 days. NEXO is generating negative expected returns and assumes 3.143% volatility on return distribution over the 90 days horizon. Simply put, 28% of crypto coins are less volatile than NEXO, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NEXO Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXO's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as NEXO, and traders can use it to determine the average amount a NEXO'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 = -0.0635
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NEXO |
Estimated Market Risk
| 3.14 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NEXO 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 NEXO by adding NEXO to a well-diversified portfolio.
About NEXO Performance
By analyzing NEXO's fundamental ratios, stakeholders can gain valuable insights into NEXO's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NEXO 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 NEXO has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NEXO is peer-to-peer digital currency powered by the Blockchain technology.| NEXO generated a negative expected return over the last 90 days | |
| NEXO may become a speculative penny crypto | |
| NEXO has high historical volatility and very poor performance |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NEXO. 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.