Numeraire Profile

NMR
 Crypto
  

USD 10.97  0.25  2.23%   

Market Performance
0 of 100
Odds Of Distress
Less than 41
Numeraire is trading at 10.97 as of the 26th of November 2022, a -2.23 percent decrease since the beginning of the trading day. Numeraire has about a 41 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Cryptocurrency ratings for Numeraire are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of December 2020 and ending today, the 26th of November 2022. Click here to learn more.
Numeraire is peer-to-peer digital currency powered by the Blockchain technology. More on Numeraire
Numeraire is an online market maker for peer-to-peer digital cash-like asset called Cryptocurrency. Numeraire has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Numeraire are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Numeraire are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Numeraire Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Numeraire's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Numeraire or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Numeraire generated a negative expected return over the last 90 days
Numeraire has high historical volatility and very poor performance
Numeraire is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 13 exchanges in multiple currencies. Numerai is a network of data scientists that are incentivised to forecast models to improve hedge fund returns. Numaire is the token that facilitates the reward structure that correct predictions receive. Founders described it as a social network or software company whose business model happens to be a hedge fund. USV partner Andy Weissman says, “Network effects get more valuable with every participant that uses them. What’s an example of that in a financial institution? We’ve never seen one before except for this.Numerai has already raised $7.5 million in traditional venture capital from Union Square Ventures, Joey Krug (Augur), Juan Benet (FileCoin), Fred Ehrsam (Coinbase), and Olaf Carlson-Wee (Polychain). So the Numeraire token will not be sold in a “crowdsale or “ICO.In Febuary 2017 1,000,000 NMR tokens were issued to 12,000 data scientists.
Coin TypeNumeraire
SymbolNMR
NameNMR
Sponsoredfalse
Built OnETH
Decimal Points18.0
Is Tradingtrue
Asset Launch Date2017-06-21
Full NameNumeraire (NMR)
Asset Website Urlhttps://numer.ai/
Platform Typetoken
Coin NameNumeraire
Total Coins Mined10.93 Million
Smart Contract AddressView
Numeraire (NMR) is traded on CRYPTO Exchanges. Numeraire is peer-to-peer digital currency powered by the Blockchain technology.

Numeraire's Exchanges and Markets

Coinbase Kraken Poloniex Binance DigiFinex Gemini Bithumb HitBTC Yobit DDEX IDEX Kucoin CoinEx

Numeraire Target Price Odds Analysis

What are Numeraire's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Numeraire jumping above the current price in 90 days from now is roughly 96.0%. The Numeraire probability density function shows the probability of Numeraire crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Numeraire has a beta of 0.0474. This indicates as returns on the market go up, Numeraire average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Numeraire will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Numeraire is significantly underperforming DOW.
  Odds Below 10.97HorizonTargetOdds Above 10.97
3.90%90 days
 10.97 
96.07%
Based on a normal probability distribution, the odds of Numeraire to move above the current price in 90 days from now is roughly 96.0 (This Numeraire probability density function shows the probability of Numeraire Crypto Coin to fall within a particular range of prices over 90 days) .

Numeraire Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Numeraire market risk premium is the additional return an investor will receive from holding Numeraire long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Numeraire. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Numeraire's alpha and beta are two of the key measurements used to evaluate Numeraire's performance over the market, the standard measures of volatility play an important role as well.

Numeraire Technical Analysis

When it comes to investing in cryptocurrency, such as Numeraire, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Numeraire, which is currently traded at 10.97, shows everything you need to know about Numeraire market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Numeraire, to determine its price movements. However, the Numeraire's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Numeraire's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Numeraire's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Cosine Of Numeraire Price Series is a trigonometric function that describes price patterns.
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Numeraire Against Markets

Picking the right benchmark for Numeraire crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Numeraire crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Numeraire is critical whether you are bullish or bearish towards Numeraire at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Numeraire without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Numeraire

You need to understand the risk of getting into digital currencies such as NMR before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Numeraire in four ways:

Buy NMR through an exchange

Get yourself a crypto wallet before embarking on your Numeraire journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Numeraire. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Numeraire through an exchange

You don't have to buy a full token when starting out since NMR is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Numeraire through a broker

If you don't want to store your Numeraire Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in NMR through an exchange-traded fund (ETF)

You can also invest in NMR through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Numeraire in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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Additionally, see Correlation Analysis. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Other Tools for Numeraire Crypto Coin

When running Numeraire price analysis, check to measure Numeraire's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Numeraire is operating at the current time. Most of Numeraire's value examination focuses on studying past and present price actions to predict the probability of Numeraire's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Numeraire's coin price. Additionally, you may evaluate how adding Numeraire to your portfolios can decrease your overall portfolio volatility.
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Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
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Find insiders across different sectors to evaluate their impact on performance
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Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
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