NXS Market Value

NXS Crypto  USD 0.17  0.01  6.25%   
NXS's market value is the price at which a share of NXS trades on a public exchange. It measures the collective expectations of NXS investors about its performance. NXS is trading at 0.17 as of the 28th of March 2024, a 6.25 percent up since the beginning of the trading day. With this module, you can estimate the performance of a buy and hold strategy of NXS and determine expected loss or profit from investing in NXS over a given investment horizon. Check out NXS Correlation, NXS Volatility and Investing Opportunities module to complement your research on NXS.
Symbol

Please note, there is a significant difference between NXS's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine NXS value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, NXS's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

NXS '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 NXS'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 NXS.
0.00
09/30/2023
No Change 0.00  0.0 
In 5 months and 30 days
03/28/2024
0.00
If you would invest  0.00  in NXS on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding NXS or generate 0.0% return on investment in NXS over 180 days. NXS is related to or competes with Staked Ether, XCAD Network, Phala Network, Bluzelle, Highstreet, Tokocrypto, and DIA. NXS is peer-to-peer digital currency powered by the Blockchain technology.

NXS 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 NXS'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 NXS upside and downside potential and time the market with a certain degree of confidence.

NXS Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NXS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NXS's standard deviation. In reality, there are many statistical measures that can use NXS historical prices to predict the future NXS's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NXS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.010.174.07
Details
Intrinsic
Valuation
LowRealHigh
0.010.134.03
Details
Naive
Forecast
LowNextHigh
00.174.07
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.170.170.17
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NXS. Your research has to be compared to or analyzed against NXS's peers to derive any actionable benefits. When done correctly, NXS's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NXS.

NXS Backtested Returns

NXS appears to be very volatile, given 3 months investment horizon. NXS has Sharpe Ratio of 0.24, which conveys that digital coin had a 0.24% return per unit of standard deviation over the last 3 months. By reviewing NXS's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please exercise NXS's Market Risk Adjusted Performance of 17.19, mean deviation of 2.6, and Risk Adjusted Performance of 0.1111 to check out if our risk estimates are consistent with your expectations. The crypto secures a Beta (Market Risk) of 0.0425, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NXS's returns are expected to increase less than the market. However, during the bear market, the loss of holding NXS is expected to be smaller as well.

Auto-correlation

    
  0.74  

Good predictability

NXS has good predictability. Overlapping area represents the amount of predictability between NXS time series from 30th of September 2023 to 29th of December 2023 and 29th of December 2023 to 28th of March 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 NXS price movement. The serial correlation of 0.74 indicates that around 74.0% of current NXS price fluctuation can be explain by its past prices.
Correlation Coefficient0.74
Spearman Rank Test0.6
Residual Average0.0
Price Variance0.0

NXS lagged returns against current returns

Autocorrelation, which is NXS 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 NXS's crypto coin expected returns. We can calculate the autocorrelation of NXS returns to help us make a trade decision. For example, suppose you find that NXS 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  

NXS 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 NXS crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NXS crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NXS crypto coin over time.
   Current vs Lagged Prices   
       Timeline  

NXS Lagged Returns

When evaluating NXS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NXS crypto coin have on its future price. NXS 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, NXS autocorrelation shows the relationship between NXS crypto coin current value and its past values and can show if there is a momentum factor associated with investing in NXS.
   Regressed Prices   
       Timeline  

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When determining whether NXS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NXS'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 Nxs Crypto.
Check out NXS Correlation, NXS Volatility and Investing Opportunities module to complement your research on NXS.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for NXS Crypto Coin analysis

When running NXS's price analysis, check to measure NXS's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy NXS is operating at the current time. Most of NXS's value examination focuses on studying past and present price actions to predict the probability of NXS's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move NXS's coin price. Additionally, you may evaluate how adding NXS to your portfolios can decrease your overall portfolio volatility.
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NXS 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.
A focus of NXS technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NXS trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...