BLZ Chance of Future Crypto Coin Price Finishing Over 6.33
| BLZ Crypto | USD 0.12 0.01 9.09% |
BLZ |
BLZ Target Price Odds to finish over 6.33
The tendency of BLZ 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 $ 6.33 or more in 90 days |
| 0.12 | 90 days | 6.33 | close to zero percent |
Based on a normal probability distribution, the odds of BLZ to move over $ 6.33 or more in 90 days from now is close to zero percent (This BLZ probability density function shows the probability of BLZ Crypto Coin to fall within a particular range of prices over 90 days) . Probability of BLZ price to stay between its current price of $ 0.12 and $ 6.33 at the end of the 90-day period is about 50.0 .
Assuming the 90 days trading horizon BLZ has a beta of 0.18 suggesting as returns on the market go up, BLZ average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding BLZ will be expected to be much smaller as well. Additionally BLZ 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. BLZ Price Density |
| Price |
Predictive Modules for BLZ
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BLZ. 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.BLZ Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BLZ is not an exception. The market had few large corrections towards the BLZ'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 BLZ, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BLZ within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.24 | |
β | Beta against Dow Jones | 0.18 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.05 |
BLZ 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 BLZ for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BLZ can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| BLZ had very high historical volatility over the last 90 days | |
| BLZ has some characteristics of a very speculative cryptocurrency |
BLZ Technical Analysis
BLZ's future price can be derived by breaking down and analyzing its technical indicators over time. BLZ Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BLZ. In general, you should focus on analyzing BLZ Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
BLZ Predictive Forecast Models
BLZ's time-series forecasting models is one of many BLZ'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 BLZ'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 BLZ
Checking the ongoing alerts about BLZ for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BLZ help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| BLZ had very high historical volatility over the last 90 days | |
| BLZ has some characteristics of a very speculative cryptocurrency |
Check out BLZ Backtesting, Portfolio Optimization, BLZ Correlation, Cryptocurrency Center, BLZ Volatility, BLZ History as well as BLZ Performance. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.