OmiseGO Odds of Future Crypto Coin Price Finishing Over 0.63
| OMG Crypto | USD 0.58 0.03 4.92% |
OmiseGO |
OmiseGO Target Price Odds to finish over 0.63
The tendency of OmiseGO 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 $ 0.63 or more in 90 days |
| 0.58 | 90 days | 0.63 | about 85.21 |
Based on a normal probability distribution, the odds of OmiseGO to move over $ 0.63 or more in 90 days from now is about 85.21 (This OmiseGO probability density function shows the probability of OmiseGO Crypto Coin to fall within a particular range of prices over 90 days) . Probability of OmiseGO price to stay between its current price of $ 0.58 and $ 0.63 at the end of the 90-day period is nearly 4.63 .
Assuming the 90 days trading horizon the crypto coin has the beta coefficient of 3.42 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, OmiseGO will likely underperform. Additionally OmiseGO has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. OmiseGO Price Density |
| Price |
Predictive Modules for OmiseGO
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OmiseGO. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OmiseGO's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
OmiseGO Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. OmiseGO is not an exception. The market had few large corrections towards the OmiseGO'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 OmiseGO, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of OmiseGO within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.1 | |
β | Beta against NYSE Composite | 3.42 | |
σ | Overall volatility | 0.22 | |
Ir | Information ratio | 0 |
OmiseGO 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 OmiseGO for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for OmiseGO can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| OmiseGO had very high historical volatility over the last 90 days | |
| OmiseGO has some characteristics of a very speculative cryptocurrency |
OmiseGO Technical Analysis
OmiseGO's future price can be derived by breaking down and analyzing its technical indicators over time. OmiseGO Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of OmiseGO. In general, you should focus on analyzing OmiseGO Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
OmiseGO Predictive Forecast Models
OmiseGO's time-series forecasting models is one of many OmiseGO'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 OmiseGO'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 OmiseGO
Checking the ongoing alerts about OmiseGO for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for OmiseGO help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| OmiseGO had very high historical volatility over the last 90 days | |
| OmiseGO has some characteristics of a very speculative cryptocurrency |
Check out OmiseGO Backtesting, Portfolio Optimization, OmiseGO Correlation, Cryptocurrency Center, OmiseGO Volatility, OmiseGO History as well as OmiseGO Performance. Note that the OmiseGO information on this page should be used as a complementary analysis to other OmiseGO's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.