NEM Performance
| XEM Crypto | USD 0.02 0.0001 0.52% |
The crypto secures a Beta (Market Risk) of -1.0, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning NEM are expected to decrease slowly. On the other hand, during market turmoil, NEM is expected to outperform it slightly.
Risk-Adjusted Performance
OK
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in NEM are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady primary indicators, NEM exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
NEM |
NEM Relative Risk vs. Return Landscape
If you would invest 2.61 in NEM on December 17, 2024 and sell it today you would lose (0.67) from holding NEM or give up 25.67% of portfolio value over 90 days. NEM is generating 2.8068% of daily returns assuming 27.6873% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than NEM on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NEM Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEM's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as NEM, and traders can use it to determine the average amount a NEM'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 = 0.1014
| Best Portfolio | Best Equity | |||
| Good Returns | XEM | |||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 27.69 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.81 actual daily | 56 56% of assets have lower returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average NEM is performing at about 7% of its full potential. 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 NEM by adding it to a well-diversified portfolio.
About NEM Performance
By analyzing NEM's fundamental ratios, stakeholders can gain valuable insights into NEM's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NEM 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 NEM has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NEM is peer-to-peer digital currency powered by the Blockchain technology.| NEM is way too risky over 90 days horizon | |
| NEM has some characteristics of a very speculative cryptocurrency | |
| NEM appears to be risky and price may revert if volatility continues |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in NEM. 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.