Btc Digital Stock Probability of Future Stock Price Finishing Under 13.39
| BTCT Stock | 15.32 1.38 8.26% |
BTC |
BTC Digital Target Price Odds to finish below 13.39
The tendency of BTC Stock 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 13.39 or more in 90 days |
| 15.32 | 90 days | 13.39 | over 95.93 |
Based on a normal probability distribution, the odds of BTC Digital to drop to 13.39 or more in 90 days from now is over 95.93 (This BTC Digital probability density function shows the probability of BTC Stock to fall within a particular range of prices over 90 days) . Probability of BTC Digital price to stay between 13.39 and its current price of 15.32 at the end of the 90-day period is roughly 2.26 .
Given the investment horizon of 90 days BTC Digital has a beta of -5.27 suggesting as returns on its benchmark rise, returns on holding BTC Digital are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, BTC Digital is expected to outperform its benchmark. In addition to that BTC Digital has an alpha of 7.1964, implying that it can generate a 7.2 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). BTC Digital Price Density |
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Predictive Modules for BTC Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BTC Digital. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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 BTC Digital'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.
BTC Digital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BTC Digital is not an exception. The market had few large corrections towards the BTC Digital'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 BTC Digital, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BTC Digital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 7.20 | |
β | Beta against Dow Jones | -5.27 | |
σ | Overall volatility | 5.47 | |
Ir | Information ratio | 0.16 |
BTC Digital 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 BTC Digital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BTC Digital can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| BTC Digital is way too risky over 90 days horizon | |
| BTC Digital appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 9.07 M. Net Loss for the year was (2.82 M) with profit before overhead, payroll, taxes, and interest of 12.19 M. | |
| About 24.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: BTC Digital Rises Over 7 percent Following Bitcoin Miner Hosting Agreement |
BTC Digital Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of BTC Stock often depends not only on the future outlook of the current and potential BTC Digital's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. BTC Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.5 M | |
| Cash And Short Term Investments | 43 K |
BTC Digital Technical Analysis
BTC Digital's future price can be derived by breaking down and analyzing its technical indicators over time. BTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BTC Digital. In general, you should focus on analyzing BTC Stock price patterns and their correlations with different microeconomic environments and drivers.
BTC Digital Predictive Forecast Models
BTC Digital's time-series forecasting models is one of many BTC Digital's stock 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 BTC Digital'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 stock market movement and maximize returns from investment trading.
Things to note about BTC Digital
Checking the ongoing alerts about BTC Digital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BTC Digital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| BTC Digital is way too risky over 90 days horizon | |
| BTC Digital appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 9.07 M. Net Loss for the year was (2.82 M) with profit before overhead, payroll, taxes, and interest of 12.19 M. | |
| About 24.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: BTC Digital Rises Over 7 percent Following Bitcoin Miner Hosting Agreement |
Additional Tools for BTC Stock Analysis
When running BTC Digital's price analysis, check to measure BTC Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BTC Digital is operating at the current time. Most of BTC Digital's value examination focuses on studying past and present price action to predict the probability of BTC Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BTC Digital's price. Additionally, you may evaluate how the addition of BTC Digital to your portfolios can decrease your overall portfolio volatility.