NXT Price on September 30, 2024
| NXT Crypto | USD 0 0.000029 2.95% |
If you're considering investing in NXT Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of NXT stands at 0.001, as last reported on the 22nd of November, with the highest price reaching 0.001 and the lowest price hitting 0.001 during the day. NXT appears to be very volatile, given 3 months investment horizon. NXT 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 NXT's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please exercise NXT's Market Risk Adjusted Performance of 1.53, risk adjusted performance of 0.1602, and Mean Deviation of 2.23 to check out if our risk estimates are consistent with your expectations.
NXT Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
NXT |
Sharpe Ratio = 0.2426
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Estimated Market Risk
| 3.28 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.8 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average NXT is performing at about 19% 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 NXT by adding it to a well-diversified portfolio.
NXT Valuation on September 30, 2024
It is possible to determine the worth of NXT on a given historical date. On September 30, 2024 NXT was worth 6.33E-4 at the beginning of the trading date compared to the closed value of 6.08E-4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NXT crypto coin. Still, in general, we apply an absolute valuation method to find NXT'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 NXT where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NXT's related companies.
| Open | High | Low | Close | Volume | |
| 0.0007 | 0.0007 | 0.0007 | 0.0007 | 1.00 | |
09/30/2024 | 0.0006 | 0.0006 | 0.0006 | 0.0006 | 1.00 |
| 0.0006 | 0.0006 | 0.0006 | 0.0006 | 1.00 |
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NXT Trading Date Momentum on September 30, 2024
| On October 01 2024 NXT was traded for 0.0006 at the closing time. The maximum traded price for the trading interval was 0.0006 and the lowest daily price was 0.0006 . There was no trading activity during the period 1.0. Lack of trading volume on 1st of October 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.33% . The trading delta at closing time to the closing price today is 0.82% . |
About NXT Crypto Coin history
NXT 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 NXT is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NXT 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.
NXT Crypto Coin Technical Analysis
NXT 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
NXT Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
NXT 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.
NXT November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how NXT 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 NXT shares will generate the highest return on investment.
NXT Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NXT's price direction in advance. Along with the technical and fundamental analysis of NXT Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of NXT 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 | 0.1602 | |||
| Jensen Alpha | 0.6439 | |||
| Total Risk Alpha | 0.2944 | |||
| Sortino Ratio | 0.2078 | |||
| Treynor Ratio | 1.52 |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NXT. 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.