NXS Chance of Future Crypto Coin Price Finishing Over 0.23
| NXS Crypto | USD 0.24 0.01 4.35% |
NXS |
NXS Target Price Odds to finish over 0.23
The tendency of NXS Crypto Coin price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 0.23 in 90 days |
| 0.24 | 90 days | 0.23 | about 1.8 |
Based on a normal probability distribution, the odds of NXS to stay above $ 0.23 in 90 days from now is about 1.8 (This NXS probability density function shows the probability of NXS Crypto Coin to fall within a particular range of prices over 90 days) . Probability of NXS price to stay between $ 0.23 and its current price of $0.24 at the end of the 90-day period is about 1.08 .
Assuming the 90 days trading horizon NXS has a beta of 0.36. This indicates as returns on the market go up, NXS average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NXS will be expected to be much smaller as well. Additionally NXS has an alpha of 0.6466, implying that it can generate a 0.65 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NXS Price Density |
| Price |
Predictive Modules for NXS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NXS. Regardless of method or technology, however, to accurately forecast the crypto coin market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the crypto coin market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.NXS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NXS is not an exception. The market had few large corrections towards the NXS's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold NXS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NXS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.65 | |
β | Beta against Dow Jones | 0.36 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.14 |
NXS Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of NXS for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NXS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NXS has some characteristics of a very speculative cryptocurrency | |
| NXS appears to be risky and price may revert if volatility continues |
NXS Technical Analysis
NXS's future price can be derived by breaking down and analyzing its technical indicators over time. NXS Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NXS. In general, you should focus on analyzing NXS Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
NXS Predictive Forecast Models
NXS's time-series forecasting models is one of many NXS's crypto coin analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary NXS's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the crypto coin market movement and maximize returns from investment trading.
Things to note about NXS
Checking the ongoing alerts about NXS for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NXS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NXS has some characteristics of a very speculative cryptocurrency | |
| NXS appears to be risky and price may revert if volatility continues |
Check out NXS Backtesting, Portfolio Optimization, NXS Correlation, Cryptocurrency Center, NXS Volatility, NXS History as well as NXS Performance. 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.