Bit Origin Stock Forecast - Day Typical Price
| BTOG Stock | USD 4.12 0.24 6.19% |
Bit Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bit Origin stock prices and determine the direction of Bit Origin's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Bit Origin's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Bit Origin to cross-verify your projections. Bit |
Most investors in Bit Origin cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Bit Origin's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Bit Origin's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 4.02 | 4.02 |
| Check Bit Origin Volatility | Backtest Bit Origin | Information Ratio |
Bit Origin Trading Date Momentum
| On May 05 2024 Bit Origin was traded for 4.12 at the closing time. The top price for the day was 4.18 and the lowest listed price was 3.75 . There was no trading activity during the period 0.0. Lack of trading volume on May 5, 2024 did not affect price variability. The overall trading delta against the current closing price is 5.34% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare Bit Origin to competition |
Other Forecasting Options for Bit Origin
For every potential investor in Bit, whether a beginner or expert, Bit Origin's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bit Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bit. Basic forecasting techniques help filter out the noise by identifying Bit Origin's price trends.Bit Origin Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bit Origin stock to make a market-neutral strategy. Peer analysis of Bit Origin could also be used in its relative valuation, which is a method of valuing Bit Origin by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bit Origin Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Bit Origin's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Bit Origin's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Bit Origin Market Strength Events
Market strength indicators help investors to evaluate how Bit Origin stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bit Origin shares will generate the highest return on investment. By undertsting and applying Bit Origin stock market strength indicators, traders can identify Bit Origin entry and exit signals to maximize returns.
Bit Origin Risk Indicators
The analysis of Bit Origin's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Bit Origin's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bit stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 7.84 | |||
| Semi Deviation | 10.96 | |||
| Standard Deviation | 11.47 | |||
| Variance | 131.55 | |||
| Downside Variance | 132.62 | |||
| Semi Variance | 120.03 | |||
| Expected Short fall | (8.25) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bit Origin in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bit Origin's short interest history, or implied volatility extrapolated from Bit Origin options trading.
Pair Trading with Bit Origin
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bit Origin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bit Origin will appreciate offsetting losses from the drop in the long position's value.Moving against Bit Stock
| 0.77 | PWP | Perella Weinberg Partners | PairCorr |
| 0.68 | WSFL | Woodstock Holdings | PairCorr |
| 0.55 | RJF-PB | Raymond James Financial | PairCorr |
| 0.51 | RJF | Raymond James Financial Financial Report 24th of July 2024 | PairCorr |
The ability to find closely correlated positions to Bit Origin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bit Origin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bit Origin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bit Origin to buy it.
The correlation of Bit Origin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bit Origin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bit Origin moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bit Origin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Bit Origin to cross-verify your projections. For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Bit Stock analysis
When running Bit Origin's price analysis, check to measure Bit Origin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Origin is operating at the current time. Most of Bit Origin's value examination focuses on studying past and present price action to predict the probability of Bit Origin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Origin's price. Additionally, you may evaluate how the addition of Bit Origin to your portfolios can decrease your overall portfolio volatility.
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Is Bit Origin's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bit Origin. If investors know Bit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bit Origin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Bit Origin is measured differently than its book value, which is the value of Bit that is recorded on the company's balance sheet. Investors also form their own opinion of Bit Origin's value that differs from its market value or its book value, called intrinsic value, which is Bit Origin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bit Origin's market value can be influenced by many factors that don't directly affect Bit Origin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bit Origin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bit Origin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bit Origin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.