Chainlink Probability of Future Crypto Coin Price Finishing Over 11.55
| LINK Crypto | USD 10.29 0.89 7.96% |
Chainlink |
Chainlink Target Price Odds to finish over 11.55
The tendency of Chainlink Crypto Coin price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 11.55 or more in 90 days |
| 10.29 | 90 days | 11.55 | about 24.81 |
Based on a normal probability distribution, the odds of Chainlink to move over $ 11.55 or more in 90 days from now is about 24.81 (This Chainlink probability density function shows the probability of Chainlink Crypto Coin to fall within a particular range of prices over 90 days) . Probability of Chainlink price to stay between its current price of $ 10.29 and $ 11.55 at the end of the 90-day period is about 60.94 .
Assuming the 90 days trading horizon the crypto coin has the beta coefficient of 1.31 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Chainlink will likely underperform. Additionally Chainlink has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Chainlink Price Density |
| Price |
Predictive Modules for Chainlink
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chainlink. Regardless of method or technology, however, to accurately forecast the crypto coin market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the crypto coin market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Chainlink Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Chainlink is not an exception. The market had few large corrections towards the Chainlink's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Chainlink, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Chainlink within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 1.31 | |
σ | Overall volatility | 0.72 | |
Ir | Information ratio | -0.0038 |
Chainlink Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Chainlink for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Chainlink can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Chainlink had very high historical volatility over the last 90 days | |
| Latest headline from news.google.com: LEGOs website hacked to push cryptocurrency scam - BleepingComputer |
Chainlink Technical Analysis
Chainlink's future price can be derived by breaking down and analyzing its technical indicators over time. Chainlink Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Chainlink. In general, you should focus on analyzing Chainlink Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
Chainlink Predictive Forecast Models
Chainlink's time-series forecasting models is one of many Chainlink's crypto coin analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Chainlink's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the crypto coin market movement and maximize returns from investment trading.
Things to note about Chainlink
Checking the ongoing alerts about Chainlink for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Chainlink help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Chainlink had very high historical volatility over the last 90 days | |
| Latest headline from news.google.com: LEGOs website hacked to push cryptocurrency scam - BleepingComputer |
Check out Chainlink Backtesting, Portfolio Optimization, Chainlink Correlation, Cryptocurrency Center, Chainlink Volatility, Chainlink History as well as Chainlink Performance. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.