NEXO Financials
| NEXO Crypto | USD 1.25 0.02 1.63% |
NEXO |
Please note, the presentation of NEXO's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NEXO's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in NEXO's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of NEXO. Please utilize our Beneish M Score to check the likelihood of NEXO's management manipulating its earnings.
NEXO Crypto Summary
NEXO competes with Solana, XRP, Staked Ether, Open Network, and Avalanche. NEXO is peer-to-peer digital currency powered by the Blockchain technology.| Exchange Type | CRYPTO Exchanges |
| Exchange | Others |
| Benchmark | NYSE Composite |
| Currency | USD - US Dollar |
NEXO Systematic Risk
NEXO's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. NEXO volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-five with a total number of output elements of thirty-six. The Beta measures systematic risk based on how returns on NEXO correlated with the market. If Beta is less than 0 NEXO generally moves in the opposite direction as compared to the market. If NEXO Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one NEXO is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of NEXO is generally in the same direction as the market. If Beta > 1 NEXO moves generally in the same direction as, but more than the movement of the benchmark.
NEXO April 29, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of NEXO help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of NEXO. We use our internally-developed statistical techniques to arrive at the intrinsic value of NEXO based on widely used predictive technical indicators. In general, we focus on analyzing NEXO Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NEXO's daily price indicators and compare them against related drivers.
| Downside Deviation | 4.1 | |||
| Information Ratio | 0.1377 | |||
| Maximum Drawdown | 19.26 | |||
| Value At Risk | (5.51) | |||
| Potential Upside | 7.38 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NEXO. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.