NEXO Market Value
| NEXO Crypto | USD 1.48 0.03 2.07% |
| Symbol | NEXO |
NEXO '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 NEXO'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 NEXO.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in NEXO on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding NEXO or generate 0.0% return on investment in NEXO over 90 days. NEXO is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. NEXO is peer-to-peer digital currency powered by the Blockchain technology.
NEXO 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 NEXO'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 NEXO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.1608 | |||
| Maximum Drawdown | 14.13 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 5.17 |
NEXO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEXO's standard deviation. In reality, there are many statistical measures that can use NEXO historical prices to predict the future NEXO's volatility.| Risk Adjusted Performance | 0.1655 | |||
| Jensen Alpha | 0.5415 | |||
| Total Risk Alpha | 0.1092 | |||
| Sortino Ratio | 0.1638 | |||
| Treynor Ratio | 1.15 |
NEXO Backtested Returns
NEXO appears to be risky, given 3 months investment horizon. NEXO has Sharpe Ratio of 0.23, which conveys that digital coin had a 0.23% return per unit of standard deviation over the last 3 months. By inspecting NEXO's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please exercise NEXO's Risk Adjusted Performance of 0.1655, market risk adjusted performance of 1.16, and Mean Deviation of 2.38 to check out if our risk estimates are consistent with your expectations. The crypto secures a Beta (Market Risk) of 0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NEXO's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEXO is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
NEXO has no correlation between past and present. Overlapping area represents the amount of predictability between NEXO time series from 1st of September 2024 to 16th of October 2024 and 16th of October 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 NEXO price movement. The serial correlation of 0.0 indicates that just 0.0% of current NEXO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
NEXO lagged returns against current returns
Autocorrelation, which is NEXO 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 NEXO's crypto coin expected returns. We can calculate the autocorrelation of NEXO returns to help us make a trade decision. For example, suppose you find that NEXO 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 |
NEXO 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 NEXO crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEXO crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEXO crypto coin over time.
Current vs Lagged Prices |
| Timeline |
NEXO Lagged Returns
When evaluating NEXO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEXO crypto coin have on its future price. NEXO 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, NEXO autocorrelation shows the relationship between NEXO crypto coin current value and its past values and can show if there is a momentum factor associated with investing in NEXO.
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 NEXO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NEXO'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 Nexo Crypto.Check out NEXO Correlation, NEXO Volatility and Investing Opportunities module to complement your research on NEXO. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
NEXO 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.