Wrapped Bitcoin Probability of Future Crypto Coin Price Finishing Over 60,455
| WBTC Crypto | USD 76,609 153.89 0.20% |
Wrapped |
Wrapped Bitcoin Target Price Odds to finish over 60,455
The tendency of Wrapped 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 above the current price in 90 days |
| 76,609 | 90 days | 76,609 | near 1 |
Based on a normal probability distribution, the odds of Wrapped Bitcoin to move above the current price in 90 days from now is near 1 (This Wrapped Bitcoin probability density function shows the probability of Wrapped Crypto Coin to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Wrapped Bitcoin has a beta of 0.45. This entails as returns on the market go up, Wrapped Bitcoin average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Wrapped Bitcoin will be expected to be much smaller as well. Additionally Wrapped Bitcoin has an alpha of 0.3049, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Wrapped Bitcoin Price Density |
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Predictive Modules for Wrapped Bitcoin
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wrapped Bitcoin. 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.Wrapped Bitcoin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wrapped Bitcoin is not an exception. The market had few large corrections towards the Wrapped Bitcoin'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 Wrapped Bitcoin, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wrapped Bitcoin within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | 0.45 | |
σ | Overall volatility | 5,325 | |
Ir | Information ratio | 0.08 |
Wrapped Bitcoin Technical Analysis
Wrapped Bitcoin's future price can be derived by breaking down and analyzing its technical indicators over time. Wrapped Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wrapped Bitcoin. In general, you should focus on analyzing Wrapped Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
Wrapped Bitcoin Predictive Forecast Models
Wrapped Bitcoin's time-series forecasting models is one of many Wrapped Bitcoin'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 Wrapped Bitcoin'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.
Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Wrapped Bitcoin in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.
Check out Wrapped Bitcoin Backtesting, Portfolio Optimization, Wrapped Bitcoin Correlation, Cryptocurrency Center, Wrapped Bitcoin Volatility, Wrapped Bitcoin History as well as Wrapped Bitcoin Performance. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.