Wrapped NXM Profile

WNXM
 Crypto
  

USD 10.19  0.24  2.30%   

Market Performance
0 of 100
Odds Of Distress
Over 60
Wrapped NXM is trading at 10.19 as of the 26th of November 2022, a -2.3 percent decrease since the beginning of the trading day. Wrapped NXM has more than 60 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Cryptocurrency ratings for Wrapped NXM are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of September 2022 and ending today, the 26th of November 2022. Click here to learn more.
Wrapped NXM is peer-to-peer digital currency powered by the Blockchain technology. More on Wrapped NXM
Wrapped NXM is an online market maker for p-to-p digital money denominated as Cryptocurrency. Wrapped NXM has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Wrapped NXM 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 Wrapped NXM 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.

Wrapped NXM 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. Wrapped NXM's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Wrapped NXM or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Wrapped NXM generated a negative expected return over the last 90 days
Wrapped NXM has high historical volatility and very poor performance
Wrapped NXM 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 6 exchanges in multiple currencies.
Coin TypeWrapped NXM
Wrapped NXM (WNXM) is traded on CRYPTO Exchanges. Wrapped NXM is peer-to-peer digital currency powered by the Blockchain technology.

Wrapped NXM's Exchanges and Markets

Poloniex BitMart Binance CoinBene Kucoin CoinEx

Wrapped NXM Target Price Odds Analysis

What are Wrapped NXM's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Wrapped NXM jumping above the current price in 90 days from now is roughly 97.0%. The Wrapped NXM probability density function shows the probability of Wrapped NXM crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Wrapped NXM has a beta of -0.1188. This entails as returns on benchmark increase, returns on holding Wrapped NXM are expected to decrease at a much lower rate. During the bear market, however, Wrapped NXM is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Wrapped NXM is significantly underperforming DOW.
  Odds Below 10.19HorizonTargetOdds Above 10.19
3.23%90 days
 10.19 
96.75%
Based on a normal probability distribution, the odds of Wrapped NXM to move above the current price in 90 days from now is roughly 97.0 (This Wrapped NXM probability density function shows the probability of Wrapped Crypto Coin to fall within a particular range of prices over 90 days) .

Wrapped NXM Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Wrapped NXM market risk premium is the additional return an investor will receive from holding Wrapped NXM 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 Wrapped NXM. 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 Wrapped NXM's alpha and beta are two of the key measurements used to evaluate Wrapped NXM's performance over the market, the standard measures of volatility play an important role as well.

Wrapped NXM Technical Analysis

When it comes to investing in cryptocurrency, such as Wrapped NXM, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Wrapped NXM, which is currently traded at 10.19, shows everything you need to know about Wrapped NXM market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Wrapped, to determine its price movements. However, the Wrapped NXM's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Wrapped NXM's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Wrapped NXM'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 Wrapped NXM Price Series is a trigonometric function that describes price patterns.
.

Wrapped NXM Against Markets

Picking the right benchmark for Wrapped NXM 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 Wrapped NXM 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 Wrapped NXM is critical whether you are bullish or bearish towards Wrapped NXM at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Wrapped NXM 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.

Did you try this?

Run Idea Optimizer Now

   

Idea Optimizer

Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
All  Next Launch Module

How to invest in Wrapped NXM

You need to understand the risk of getting into digital currencies such as WNXM 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 Wrapped NXM in four ways:

Buy WNXM through an exchange

Get yourself a crypto wallet before embarking on your Wrapped NXM 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 Wrapped NXM. 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 Wrapped NXM through an exchange

You don't have to buy a full token when starting out since WNXM 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 Wrapped NXM through a broker

If you don't want to store your Wrapped 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 WNXM through an exchange-traded fund (ETF)

You can also invest in WNXM 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 Wrapped NXM 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
Explore Investing Ideas  
Check out Your Current Watchlist. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Other Tools for Wrapped Crypto Coin

When running Wrapped NXM price analysis, check to measure Wrapped NXM's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Wrapped NXM is operating at the current time. Most of Wrapped NXM's value examination focuses on studying past and present price actions to predict the probability of Wrapped NXM's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Wrapped NXM's coin price. Additionally, you may evaluate how adding Wrapped NXM to your portfolios can decrease your overall portfolio volatility.
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go