Pudgy Penguins Probability of Future Crypto Coin Price Finishing Under 0.0214
| PENGU Crypto | USD 0.03 0 4.04% |
Pudgy |
Pudgy Penguins Target Price Odds to finish below 0.0214
The tendency of Pudgy 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 drop to $ 0.02 or more in 90 days |
| 0.03 | 90 days | 0.02 | about 90.14 |
Based on a normal probability distribution, the odds of Pudgy Penguins to drop to $ 0.02 or more in 90 days from now is about 90.14 (This Pudgy Penguins probability density function shows the probability of Pudgy Crypto Coin to fall within a particular range of prices over 90 days) . Probability of Pudgy Penguins price to stay between $ 0.02 and its current price of $0.0309 at the end of the 90-day period is about 9.6 .
Assuming the 90 days trading horizon Pudgy Penguins has a beta of 0.24 indicating as returns on the market go up, Pudgy Penguins average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Pudgy Penguins will be expected to be much smaller as well. In addition to that Pudgy Penguins has an alpha of 3.373, implying that it can generate a 3.37 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Pudgy Penguins Price Density |
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Predictive Modules for Pudgy Penguins
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pudgy Penguins. 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 Pudgy Penguins' 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.
Pudgy Penguins Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pudgy Penguins is not an exception. The market had few large corrections towards the Pudgy Penguins' 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 Pudgy Penguins, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pudgy Penguins within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 3.37 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.28 |
Pudgy Penguins 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 Pudgy Penguins for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pudgy Penguins can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Pudgy Penguins is way too risky over 90 days horizon | |
| Pudgy Penguins has some characteristics of a very speculative cryptocurrency | |
| Pudgy Penguins appears to be risky and price may revert if volatility continues |
Pudgy Penguins Technical Analysis
Pudgy Penguins' future price can be derived by breaking down and analyzing its technical indicators over time. Pudgy Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pudgy Penguins. In general, you should focus on analyzing Pudgy Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
Pudgy Penguins Predictive Forecast Models
Pudgy Penguins' time-series forecasting models is one of many Pudgy Penguins' 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 Pudgy Penguins' 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 Pudgy Penguins
Checking the ongoing alerts about Pudgy Penguins for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Pudgy Penguins help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Pudgy Penguins is way too risky over 90 days horizon | |
| Pudgy Penguins has some characteristics of a very speculative cryptocurrency | |
| Pudgy Penguins appears to be risky and price may revert if volatility continues |
Check out Pudgy Penguins Backtesting, Portfolio Optimization, Pudgy Penguins Correlation, Cryptocurrency Center, Pudgy Penguins Volatility, Pudgy Penguins History as well as Pudgy Penguins Performance. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.