NXM Chance of Future Crypto Coin Price Finishing Over 26.14
| NXM Crypto | USD 26.07 0.03 0.12% |
NXM |
NXM Target Price Odds to finish over 26.14
The tendency of NXM Crypto Coin price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 26.14 or more in 90 days |
| 26.07 | 90 days | 26.14 | near 1 |
Based on a normal probability distribution, the odds of NXM to move over $ 26.14 or more in 90 days from now is near 1 (This NXM probability density function shows the probability of NXM Crypto Coin to fall within a particular range of prices over 90 days) . Probability of NXM price to stay between its current price of $ 26.07 and $ 26.14 at the end of the 90-day period is nearly 4.6 .
Assuming the 90 days trading horizon NXM has a beta of 0.0014. This indicates as returns on the market go up, NXM average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NXM will be expected to be much smaller as well. Additionally NXM has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. NXM Price Density |
| Price |
Predictive Modules for NXM
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NXM. Regardless of method or technology, however, to accurately forecast the crypto coin market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the crypto coin market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.NXM Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NXM is not an exception. The market had few large corrections towards the NXM's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold NXM, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NXM within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | 0 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -2.12 |
NXM Technical Analysis
NXM's future price can be derived by breaking down and analyzing its technical indicators over time. NXM Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NXM. In general, you should focus on analyzing NXM Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
NXM Predictive Forecast Models
NXM's time-series forecasting models is one of many NXM's crypto coin analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary NXM's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the crypto coin market movement and maximize returns from investment trading.
Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NXM in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.
Check out NXM Backtesting, Portfolio Optimization, NXM Correlation, Cryptocurrency Center, NXM Volatility, NXM History as well as NXM Performance. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.