NLG Performance
The crypto secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and NLG are completely uncorrelated.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days NLG has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound technical and fundamental indicators, NLG is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
NLG |
NLG Relative Risk vs. Return Landscape
If you would invest (100.00) in NLG on December 18, 2024 and sell it today you would earn a total of 100.00 from holding NLG or generate -100.0% return on investment over 90 days. NLG is producing return of less than zero assuming 0.0% volatility of returns over the 90 days investment horizon. Simply put, 0% of all crypto coins have less volatile historical return distribution than NLG, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NLG Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NLG's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as NLG, and traders can use it to determine the average amount a NLG'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 = 0.0
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Based on monthly moving average NLG 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 NLG by adding NLG to a well-diversified portfolio.
| NLG is not yet fully synchronised with the market data | |
| NLG has some characteristics of a very speculative cryptocurrency |
Check out Correlation Analysis to better understand how to build diversified portfolios. 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Tools for NLG Crypto Coin
When running NLG's price analysis, check to measure NLG's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy NLG is operating at the current time. Most of NLG's value examination focuses on studying past and present price actions to predict the probability of NLG's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move NLG's coin price. Additionally, you may evaluate how adding NLG to your portfolios can decrease your overall portfolio volatility.
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