COFI Chance of Future Crypto Coin Price Finishing Over 4.72E-4
| COFI Crypto | USD 0.0004 0.0002 26.87% |
COFI |
COFI Target Price Odds to finish over 4.72E-4
The tendency of COFI 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 $ 0.0005 or more in 90 days |
| 0.0004 | 90 days | 0.0005 | about 69.15 |
Based on a normal probability distribution, the odds of COFI to move over $ 0.0005 or more in 90 days from now is about 69.15 (This COFI probability density function shows the probability of COFI Crypto Coin to fall within a particular range of prices over 90 days) . Probability of COFI price to stay between its current price of $ 0.0004 and $ 0.0005 at the end of the 90-day period is about 25.25 .
Assuming the 90 days trading horizon COFI has a beta of 0.25 suggesting as returns on the market go up, COFI average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding COFI will be expected to be much smaller as well. Additionally COFI 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. COFI Price Density |
| Price |
Predictive Modules for COFI
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as COFI. 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.COFI Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. COFI is not an exception. The market had few large corrections towards the COFI'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 COFI, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of COFI within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | 0.25 | |
σ | Overall volatility | 0.000056 | |
Ir | Information ratio | -0.05 |
COFI 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 COFI for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for COFI can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| COFI generated a negative expected return over the last 90 days | |
| COFI has high historical volatility and very poor performance | |
| COFI has some characteristics of a very speculative cryptocurrency |
COFI Technical Analysis
COFI's future price can be derived by breaking down and analyzing its technical indicators over time. COFI Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of COFI. In general, you should focus on analyzing COFI Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
COFI Predictive Forecast Models
COFI's time-series forecasting models is one of many COFI'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 COFI'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 COFI
Checking the ongoing alerts about COFI for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for COFI help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| COFI generated a negative expected return over the last 90 days | |
| COFI has high historical volatility and very poor performance | |
| COFI has some characteristics of a very speculative cryptocurrency |
Check out COFI Backtesting, Portfolio Optimization, COFI Correlation, Cryptocurrency Center, COFI Volatility, COFI History as well as COFI Performance. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.