NMC Price on September 13, 2024
| NMC Crypto | USD 0.87 0.02 2.35% |
If you're considering investing in NMC Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of NMC stands at 0.87, as last reported on the 25th of November, with the highest price reaching 0.87 and the lowest price hitting 0.87 during the day. NMC appears to be very volatile, given 3 months investment horizon. NMC retains Efficiency (Sharpe Ratio) of 0.23, which conveys that digital coin had a 0.23% return per unit of risk over the last 3 months. By examining NMC's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please exercise NMC's Semi Deviation of 3.13, market risk adjusted performance of 2.45, and Mean Deviation of 2.9 to check out if our risk estimates are consistent with your expectations.
NMC Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
NMC |
Sharpe Ratio = 0.2266
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Estimated Market Risk
| 3.98 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.9 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average NMC is performing at about 17% 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 NMC by adding it to a well-diversified portfolio.
NMC Valuation on September 13, 2024
It is possible to determine the worth of NMC on a given historical date. On September 13, 2024 NMC was worth 0.57 at the beginning of the trading date compared to the closed value of 0.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NMC crypto coin. Still, in general, we apply an absolute valuation method to find NMC's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NMC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NMC's related companies.
| Open | High | Low | Close | Volume | |
| 0.56 | 0.59 | 0.57 | 0.57 | 2,958 | |
09/13/2024 | 0.57 | 0.57 | 0.54 | 0.55 | 4,051 |
| 0.53 | 0.56 | 0.55 | 0.55 | 4,436 |
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NMC Trading Date Momentum on September 13, 2024
| On September 16 2024 NMC was traded for 0.55 at the closing time. The maximum traded price for the trading interval was 0.56 and the lowest daily price was 0.55 . The daily volume was recorded at 4.4 K. The volume of trading on 16th of September 2024 did not cause price change. The trading delta at closing time to the closing price today is 1.82% . |
About NMC Crypto Coin history
NMC investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NMC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NMC will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market.
NMC Crypto Coin Technical Analysis
NMC 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.
Price Boundaries
NMC Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
NMC cannot be verified against its exchange. Please verify the symbol is currently traded on CRYPTO Exchanges. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
NMC November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how NMC crypto coin reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NMC shares will generate the highest return on investment.
NMC Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NMC's price direction in advance. Along with the technical and fundamental analysis of NMC Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of NMC to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1733 | |||
| Jensen Alpha | 0.8083 | |||
| Total Risk Alpha | 0.2216 | |||
| Sortino Ratio | 0.1676 | |||
| Treynor Ratio | 2.44 |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NMC. 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.