Dogecoin Odds of Future Crypto Coin Price Finishing Under 0.38
| DOGE Crypto | USD 0.42 0.01 2.44% |
Dogecoin |
Dogecoin Target Price Odds to finish below 0.38
The tendency of Dogecoin 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 $ 0.38 or more in 90 days |
| 0.42 | 90 days | 0.38 | close to 99 |
Based on a normal probability distribution, the odds of Dogecoin to drop to $ 0.38 or more in 90 days from now is close to 99 (This Dogecoin probability density function shows the probability of Dogecoin Crypto Coin to fall within a particular range of prices over 90 days) . Probability of Dogecoin price to stay between $ 0.38 and its current price of $0.42 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon the crypto coin has the beta coefficient of 1.09 suggesting Dogecoin market returns are highly-sensitive to returns on the market. As the market goes up or down, Dogecoin is expected to follow. In addition to that Dogecoin has an alpha of 2.29, implying that it can generate a 2.29 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Dogecoin Price Density |
| Price |
Predictive Modules for Dogecoin
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dogecoin. 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.Dogecoin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Dogecoin is not an exception. The market had few large corrections towards the Dogecoin'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 Dogecoin, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Dogecoin within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.29 | |
β | Beta against Dow Jones | 1.09 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | 0.21 |
Dogecoin 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 Dogecoin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Dogecoin can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Dogecoin is way too risky over 90 days horizon | |
| Dogecoin has some characteristics of a very speculative cryptocurrency | |
| Dogecoin appears to be risky and price may revert if volatility continues |
Dogecoin Technical Analysis
Dogecoin's future price can be derived by breaking down and analyzing its technical indicators over time. Dogecoin Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Dogecoin. In general, you should focus on analyzing Dogecoin Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
Dogecoin Predictive Forecast Models
Dogecoin's time-series forecasting models is one of many Dogecoin'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 Dogecoin'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 Dogecoin
Checking the ongoing alerts about Dogecoin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Dogecoin help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Dogecoin is way too risky over 90 days horizon | |
| Dogecoin has some characteristics of a very speculative cryptocurrency | |
| Dogecoin appears to be risky and price may revert if volatility continues |
Check out Dogecoin Backtesting, Portfolio Optimization, Dogecoin Correlation, Cryptocurrency Center, Dogecoin Volatility, Dogecoin History as well as Dogecoin Performance. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.