Coinbase Global Stock Probability of Future Stock Price Finishing Under 297.97
| COIN Stock | USD 295.23 24.78 7.74% |
Coinbase |
Coinbase Global Target Price Odds to finish below 297.97
The tendency of Coinbase 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 stay under $ 297.97 after 90 days |
| 295.23 | 90 days | 297.97 | about 97.0 |
Based on a normal probability distribution, the odds of Coinbase Global to stay under $ 297.97 after 90 days from now is about 97.0 (This Coinbase Global probability density function shows the probability of Coinbase Stock to fall within a particular range of prices over 90 days) . Probability of Coinbase Global price to stay between its current price of $ 295.23 and $ 297.97 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days the stock has the beta coefficient of 5.58 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Coinbase Global will likely underperform. Additionally Coinbase Global has an alpha of 0.1862, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Coinbase Global Price Density |
| Price |
Predictive Modules for Coinbase Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Coinbase Global. 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.Coinbase Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Coinbase Global is not an exception. The market had few large corrections towards the Coinbase Global'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 Coinbase Global, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Coinbase Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | 5.58 | |
σ | Overall volatility | 49.18 | |
Ir | Information ratio | 0.1 |
Coinbase Global 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 Coinbase Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Coinbase Global can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Coinbase Global is way too risky over 90 days horizon | |
| Coinbase Global appears to be risky and price may revert if volatility continues | |
| About 56.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from insidermonkey.com: Jim Cramer Says Coinbase Global, Inc. Is A Winner |
Coinbase Global 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 Coinbase Stock often depends not only on the future outlook of the current and potential Coinbase Global'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. Coinbase Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 254.4 M | |
| Cash And Short Term Investments | 5.7 B |
Coinbase Global Technical Analysis
Coinbase Global's future price can be derived by breaking down and analyzing its technical indicators over time. Coinbase Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Coinbase Global. In general, you should focus on analyzing Coinbase Stock price patterns and their correlations with different microeconomic environments and drivers.
Coinbase Global Predictive Forecast Models
Coinbase Global's time-series forecasting models is one of many Coinbase Global'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 Coinbase Global'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 Coinbase Global
Checking the ongoing alerts about Coinbase Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Coinbase Global help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Coinbase Global is way too risky over 90 days horizon | |
| Coinbase Global appears to be risky and price may revert if volatility continues | |
| About 56.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from insidermonkey.com: Jim Cramer Says Coinbase Global, Inc. Is A Winner |
Check out Coinbase Global Backtesting, Coinbase Global Valuation, Coinbase Global Correlation, Coinbase Global Hype Analysis, Coinbase Global Volatility, Coinbase Global History as well as Coinbase Global Performance. To learn how to invest in Coinbase Stock, please use our How to Invest in Coinbase Global guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Diversified Capital Markets space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coinbase Global. If investors know Coinbase will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coinbase Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.27 | Earnings Share 5.9 | Revenue Per Share 20.46 | Quarterly Revenue Growth 0.812 | Return On Assets 0.0041 |
The market value of Coinbase Global is measured differently than its book value, which is the value of Coinbase that is recorded on the company's balance sheet. Investors also form their own opinion of Coinbase Global's value that differs from its market value or its book value, called intrinsic value, which is Coinbase Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coinbase Global's market value can be influenced by many factors that don't directly affect Coinbase Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coinbase Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Coinbase Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coinbase Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.