NEM Market Value
| XEM Crypto | USD 0.04 0.0005 1.33% |
| Symbol | NEM |
NEM '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 NEM'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 NEM.
| 02/03/2023 |
| 04/28/2024 |
If you would invest 0.00 in NEM on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding NEM or generate 0.0% return on investment in NEM over 450 days. NEM is related to or competes with Solana, XRP, Staked Ether, Open Network, Avalanche, Chainlink, and Ethena. NEM is peer-to-peer digital currency powered by the Blockchain technology.
NEM 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 NEM'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 NEM upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.02 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 31.17 | |||
| Value At Risk | (12.22) | |||
| Potential Upside | 11.65 |
NEM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEM's standard deviation. In reality, there are many statistical measures that can use NEM historical prices to predict the future NEM's volatility.| Risk Adjusted Performance | 0.0169 | |||
| Jensen Alpha | 0.0157 | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1042 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NEM'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.
NEM Backtested Returns
NEM appears to be unusually risky, given 3 months investment horizon. NEM has Sharpe Ratio of 0.0352, which conveys that digital coin had a 0.0352% return per unit of volatility over the last 3 months. We have found thirty technical indicators for NEM, which you can use to evaluate the volatility of coin. Please exercise NEM's risk adjusted performance of 0.0169, and Mean Deviation of 4.13 to check out if our risk estimates are consistent with your expectations. The crypto secures a Beta (Market Risk) of 0.63, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NEM's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEM is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
NEM has very good reverse predictability. Overlapping area represents the amount of predictability between NEM time series from 3rd of February 2023 to 16th of September 2023 and 16th of September 2023 to 28th of April 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 NEM price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current NEM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NEM lagged returns against current returns
Autocorrelation, which is NEM 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 NEM's crypto coin expected returns. We can calculate the autocorrelation of NEM returns to help us make a trade decision. For example, suppose you find that NEM 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 |
NEM 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 NEM crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEM crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEM crypto coin over time.
Current vs Lagged Prices |
| Timeline |
NEM Lagged Returns
When evaluating NEM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEM crypto coin have on its future price. NEM 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, NEM autocorrelation shows the relationship between NEM crypto coin current value and its past values and can show if there is a momentum factor associated with investing in NEM.
Regressed Prices |
| Timeline |
Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NEM in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.
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 NEM offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NEM'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 Nem Crypto.Check out NEM Correlation, NEM Volatility and Investing Opportunities module to complement your research on NEM. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
NEM 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.