How does NEM Profit Calculator Works?
This NEM Profit Calculator uses a simple mathematical principal to calculate the ROI of NEM. It fetches the historical NEM price from the database and compares with current NEM Price and calculate the profit or loss made on it.
It does this simple calculation get the amount NEM you would have got by investing x$'s on that day ($x/price of NEM). Now it calculates the current price of that amount in USD (current NEM price * amount of NEM purchased in past). Now the return on investment (ROI) is calculated by dividing amount in USD today by amount invested and multiplying it by 100.
Mathmetical logic behind the same:
$invested_USD = USD invested in past date;
$historical_XEM_price = Price of XEM in past date;
$quantity_XEM = Quantity of XEM in past = $amount invested / $price_on_that_day;
$price_XEM = Current price of XEM;
$USD_today = ($price_XEM * $quantity_XEM) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of NEM you can check it here: NEM Price Prediction. This predictions are based on various algorithms applied on the historical price of the NEM.
If you have any query regarding the above calculator you can comment it in comment box below.