Conflux Network Financials
| CFX Crypto | USD 0.22 0.02 8.33% |
Conflux |
Please note, the presentation of Conflux Network's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Conflux Network's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Conflux Network's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Conflux Network. Please utilize our Beneish M Score to check the likelihood of Conflux Network's management manipulating its earnings.
Conflux Network Crypto Summary
Conflux Network competes with Staked Ether, XCAD Network, Phala Network, and Bluzelle. Conflux Network is peer-to-peer digital currency powered by the Blockchain technology.| Exchange Type | CRYPTO Exchanges |
| Exchange | Others |
| Benchmark | NYSE Composite |
| Currency | USD - US Dollar |
Conflux Network Systematic Risk
Conflux Network's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Conflux Network volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Conflux Network correlated with the market. If Beta is less than 0 Conflux Network generally moves in the opposite direction as compared to the market. If Conflux Network Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Conflux Network is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Conflux Network is generally in the same direction as the market. If Beta > 1 Conflux Network moves generally in the same direction as, but more than the movement of the benchmark.
Conflux Network May 2, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Conflux Network help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Conflux Network. We use our internally-developed statistical techniques to arrive at the intrinsic value of Conflux Network based on widely used predictive technical indicators. In general, we focus on analyzing Conflux Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Conflux Network's daily price indicators and compare them against related drivers.
| Downside Deviation | 9.82 | |||
| Information Ratio | 0.0434 | |||
| Maximum Drawdown | 43.52 | |||
| Value At Risk | (12.20) | |||
| Potential Upside | 13.16 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Conflux Network. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.