NXT Performance
| NXT Crypto | USD 0 0.00001 1.03% |
The crypto secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NXT's returns are expected to increase less than the market. However, during the bear market, the loss of holding NXT is expected to be smaller as well.
Risk-Adjusted Performance
18 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in NXT are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, NXT exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
NXT |
NXT Relative Risk vs. Return Landscape
If you would invest 0.06 in NXT on September 1, 2024 and sell it today you would earn a total of 0.04 from holding NXT or generate 63.13% return on investment over 90 days. NXT is generating 0.8107% of daily returns assuming 3.39% volatility of returns over the 90 days investment horizon. Simply put, 30% of all crypto coins have less volatile historical return distribution than NXT, and 84% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NXT Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NXT's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as NXT, and traders can use it to determine the average amount a NXT'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 = 0.2391
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.39 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.81 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average NXT is performing at about 18% 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 NXT by adding it to a well-diversified portfolio.
About NXT Performance
By analyzing NXT's fundamental ratios, stakeholders can gain valuable insights into NXT's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NXT 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 NXT has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NXT is peer-to-peer digital currency powered by the Blockchain technology.| NXT has some characteristics of a very speculative cryptocurrency | |
| NXT appears to be risky and price may revert if volatility continues |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NXT. 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.