NPXS Market Value
| NPXS Crypto | USD 0.0002 0.00001 4.44% |
| Symbol | NPXS |
NPXS '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 NPXS'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 NPXS.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in NPXS on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding NPXS or generate 0.0% return on investment in NPXS over 180 days. NPXS is related to or competes with Staked Ether, EigenLayer, BLZ, Highstreet, Tokocrypto, and DIA. NPXS is peer-to-peer digital currency powered by the Blockchain technology.
NPXS 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 NPXS'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 NPXS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 51.1 | |||
| Value At Risk | (12.73) | |||
| Potential Upside | 3.38 |
NPXS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NPXS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NPXS's standard deviation. In reality, there are many statistical measures that can use NPXS historical prices to predict the future NPXS's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.19) | |||
| Total Risk Alpha | (2.14) | |||
| Treynor Ratio | (0.43) |
NPXS Backtested Returns
NPXS has Sharpe Ratio of -0.12, which conveys that digital coin had a -0.12% return per unit of standard deviation over the last 3 months. NPXS exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NPXS's Risk Adjusted Performance of (0.09), mean deviation of 3.49, and Market Risk Adjusted Performance of (0.42) to check out the risk estimate we provide. The crypto secures a Beta (Market Risk) of 2.12, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NPXS will likely underperform.
Auto-correlation | 0.56 |
Modest predictability
NPXS has modest predictability. Overlapping area represents the amount of predictability between NPXS time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 NPXS price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current NPXS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NPXS lagged returns against current returns
Autocorrelation, which is NPXS 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 NPXS's crypto coin expected returns. We can calculate the autocorrelation of NPXS returns to help us make a trade decision. For example, suppose you find that NPXS 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 |
NPXS 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 NPXS crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NPXS crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NPXS crypto coin over time.
Current vs Lagged Prices |
| Timeline |
NPXS Lagged Returns
When evaluating NPXS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NPXS crypto coin have on its future price. NPXS 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, NPXS autocorrelation shows the relationship between NPXS crypto coin current value and its past values and can show if there is a momentum factor associated with investing in NPXS.
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 NPXS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NPXS'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 Npxs Crypto.Check out NPXS Correlation, NPXS Volatility and Investing Opportunities module to complement your research on NPXS. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
NPXS 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.