BitNine Co (Korea) Probability of Future Stock Price Finishing Under 2,634
| 357880 Stock | 2,410 80.00 3.21% |
BitNine |
BitNine Co Target Price Odds to finish below 2,634
The tendency of BitNine Stock 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 below current price in 90 days |
| 2,410 | 90 days | 2,410 | about 64.78 |
Based on a normal probability distribution, the odds of BitNine Co to move below current price in 90 days from now is about 64.78 (This BitNine Co probability density function shows the probability of BitNine Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon BitNine Co has a beta of -1.25. This suggests as returns on its benchmark rise, returns on holding BitNine Co are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, BitNine Co is expected to outperform its benchmark. Moreover BitNine Co has an alpha of 1.046, implying that it can generate a 1.05 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). BitNine Co Price Density |
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Predictive Modules for BitNine Co
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BitNine Co. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as BitNine Co. Your research has to be compared to or analyzed against BitNine Co's peers to derive any actionable benefits. When done correctly, BitNine Co's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BitNine Co.BitNine Co Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BitNine Co is not an exception. The market had few large corrections towards the BitNine Co'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 BitNine Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BitNine Co within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.05 | |
β | Beta against Dow Jones | -1.25 | |
σ | Overall volatility | 629.59 | |
Ir | Information ratio | 0.09 |
BitNine Co 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 BitNine Co for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BitNine Co can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| BitNine Co is way too risky over 90 days horizon | |
| BitNine Co appears to be risky and price may revert if volatility continues |
BitNine Co Technical Analysis
BitNine Co's future price can be derived by breaking down and analyzing its technical indicators over time. BitNine Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BitNine Co. In general, you should focus on analyzing BitNine Stock price patterns and their correlations with different microeconomic environments and drivers.
BitNine Co Predictive Forecast Models
BitNine Co's time-series forecasting models is one of many BitNine Co's stock 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 BitNine Co'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 stock market movement and maximize returns from investment trading.
Things to note about BitNine Co
Checking the ongoing alerts about BitNine Co for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BitNine Co help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.