NPXS Performance
| NPXS Crypto | USD 0.0002 0.000005 2.33% |
The crypto secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NPXS's returns are expected to increase less than the market. However, during the bear market, the loss of holding NPXS is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days NPXS has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Crypto's fundamental indicators remain rather sound which may send shares a bit higher in December 2024. The latest tumult may also be a sign of longer-term up-swing for NPXS shareholders. ...more
1 | New Bitcoin All-Time High Triggers Extreme Greed on Cryptocurrency Market - U.Today | 11/20/2024 |
NPXS |
NPXS Relative Risk vs. Return Landscape
If you would invest 0.05 in NPXS on August 30, 2024 and sell it today you would lose (0.03) from holding NPXS or give up 56.26% of portfolio value over 90 days. NPXS is generating negative expected returns and assumes 7.3772% volatility on return distribution over the 90 days horizon. Simply put, 65% of crypto coins are less volatile than NPXS, 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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NPXS Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NPXS's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as NPXS, and traders can use it to determine the average amount a NPXS'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 = -0.1369
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| Negative Returns | NPXS |
Estimated Market Risk
| 7.38 actual daily | 65 65% of assets are less volatile |
Expected Return
| -1.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NPXS 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 NPXS by adding NPXS to a well-diversified portfolio.
About NPXS Performance
By analyzing NPXS's fundamental ratios, stakeholders can gain valuable insights into NPXS's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NPXS 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 NPXS has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NPXS is peer-to-peer digital currency powered by the Blockchain technology.| NPXS generated a negative expected return over the last 90 days | |
| NPXS has high historical volatility and very poor performance | |
| NPXS has some characteristics of a very speculative cryptocurrency | |
| Latest headline from news.google.com: New Bitcoin All-Time High Triggers Extreme Greed on Cryptocurrency Market - U.Today |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NPXS. 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.