NLG Performance
| NLG Crypto | USD 0.01 0.000021 0.41% |
The crypto secures a Beta (Market Risk) of -0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NLG are expected to decrease at a much lower rate. During the bear market, NLG is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days NLG has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound technical and fundamental indicators, NLG is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
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NLG Relative Risk vs. Return Landscape
If you would invest 0.51 in NLG on August 30, 2024 and sell it today you would earn a total of 0.00 from holding NLG or generate 0.0% return on investment over 90 days. NLG is producing return of less than zero assuming 0.0% volatility of returns over the 90 days investment horizon. Simply put, 0% of all crypto coins have less volatile historical return distribution than NLG, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NLG Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NLG's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as NLG, and traders can use it to determine the average amount a NLG's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average NLG is not performing at its full potential. However, 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 NLG by adding NLG to a well-diversified portfolio.
About NLG Performance
By analyzing NLG's fundamental ratios, stakeholders can gain valuable insights into NLG's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NLG has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NLG has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NLG is peer-to-peer digital currency powered by the Blockchain technology.| NLG is not yet fully synchronised with the market data | |
| NLG has some characteristics of a very speculative cryptocurrency |
Check out Correlation Analysis to better understand how to build diversified portfolios. 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.