Ninepoint Bitcoin Etf Probability of Future Etf Price Finishing Over 18.78
| BITC Etf | CAD 18.78 0.06 0.32% |
Ninepoint |
Ninepoint Bitcoin Target Price Odds to finish over 18.78
The tendency of Ninepoint Etf 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 |
| 18.78 | 90 days | 18.78 | about 78.14 |
Based on a normal probability distribution, the odds of Ninepoint Bitcoin to move above the current price in 90 days from now is about 78.14 (This Ninepoint Bitcoin ETF probability density function shows the probability of Ninepoint Etf to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Ninepoint Bitcoin ETF has a beta of -1.77 suggesting as returns on its benchmark rise, returns on holding Ninepoint Bitcoin ETF are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Ninepoint Bitcoin is expected to outperform its benchmark. Additionally Ninepoint Bitcoin ETF 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. Ninepoint Bitcoin Price Density |
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Predictive Modules for Ninepoint 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 Ninepoint Bitcoin ETF. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf 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.Ninepoint Bitcoin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ninepoint Bitcoin is not an exception. The market had few large corrections towards the Ninepoint 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 Ninepoint Bitcoin ETF, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ninepoint Bitcoin within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.43 | |
β | Beta against Dow Jones | -1.77 | |
σ | Overall volatility | 4.57 | |
Ir | Information ratio | -0.02 |
Ninepoint Bitcoin 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 Ninepoint Bitcoin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ninepoint Bitcoin ETF can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ninepoint Bitcoin generated a negative expected return over the last 90 days | |
| Ninepoint Bitcoin has high historical volatility and very poor performance |
Ninepoint Bitcoin Technical Analysis
Ninepoint Bitcoin's future price can be derived by breaking down and analyzing its technical indicators over time. Ninepoint Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ninepoint Bitcoin ETF. In general, you should focus on analyzing Ninepoint Etf price patterns and their correlations with different microeconomic environments and drivers.
Ninepoint Bitcoin Predictive Forecast Models
Ninepoint Bitcoin's time-series forecasting models is one of many Ninepoint Bitcoin's etf 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 Ninepoint 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 etf market movement and maximize returns from investment trading.
Things to note about Ninepoint Bitcoin ETF
Checking the ongoing alerts about Ninepoint Bitcoin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ninepoint Bitcoin ETF help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ninepoint Bitcoin generated a negative expected return over the last 90 days | |
| Ninepoint Bitcoin has high historical volatility and very poor performance |
Other Information on Investing in Ninepoint Etf
Ninepoint Bitcoin financial ratios help investors to determine whether Ninepoint Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ninepoint with respect to the benefits of owning Ninepoint Bitcoin security.