OCEAN Chance of Future Crypto Coin Price Finishing Over 17.93
| OCEAN Crypto | USD 0.23 0.01 4.17% |
OCEAN |
OCEAN Target Price Odds to finish over 17.93
The tendency of OCEAN 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 $ 17.93 or more in 90 days |
| 0.23 | 90 days | 17.93 | close to zero percent |
Based on a normal probability distribution, the odds of OCEAN to move over $ 17.93 or more in 90 days from now is close to zero percent (This OCEAN probability density function shows the probability of OCEAN Crypto Coin to fall within a particular range of prices over 90 days) . Probability of OCEAN price to stay between its current price of $ 0.23 and $ 17.93 at the end of the 90-day period is about 91.26 .
Assuming the 90 days trading horizon OCEAN has a beta of -0.17. This indicates as returns on the benchmark increase, returns on holding OCEAN are expected to decrease at a much lower rate. During a bear market, however, OCEAN is likely to outperform the market. Additionally OCEAN 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. OCEAN Price Density |
| Price |
Predictive Modules for OCEAN
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OCEAN. 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.OCEAN Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. OCEAN is not an exception. The market had few large corrections towards the OCEAN'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 OCEAN, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of OCEAN within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.31 | |
β | Beta against Dow Jones | -0.17 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | -0.22 |
OCEAN 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 OCEAN for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for OCEAN can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| OCEAN generated a negative expected return over the last 90 days | |
| OCEAN has high historical volatility and very poor performance | |
| OCEAN has some characteristics of a very speculative cryptocurrency |
OCEAN Technical Analysis
OCEAN's future price can be derived by breaking down and analyzing its technical indicators over time. OCEAN Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of OCEAN. In general, you should focus on analyzing OCEAN Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
OCEAN Predictive Forecast Models
OCEAN's time-series forecasting models is one of many OCEAN'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 OCEAN'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 OCEAN
Checking the ongoing alerts about OCEAN for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for OCEAN help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| OCEAN generated a negative expected return over the last 90 days | |
| OCEAN has high historical volatility and very poor performance | |
| OCEAN has some characteristics of a very speculative cryptocurrency |
Check out OCEAN Backtesting, Portfolio Optimization, OCEAN Correlation, Cryptocurrency Center, OCEAN Volatility, OCEAN History as well as OCEAN Performance. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.