ELEC Chance of Future Crypto Coin Price Finishing Under 0.000002
| ELEC Crypto | USD 0.0002 0.000024 12.44% |
ELEC |
ELEC Target Price Odds to finish below 0.000002
The tendency of ELEC 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 $ 0.000002 or more in 90 days |
| 0.0002 | 90 days | 0.000002 | near 1 |
Based on a normal probability distribution, the odds of ELEC to drop to $ 0.000002 or more in 90 days from now is near 1 (This ELEC probability density function shows the probability of ELEC Crypto Coin to fall within a particular range of prices over 90 days) . Probability of ELEC price to stay between $ 0.000002 and its current price of $1.69E-4 at the end of the 90-day period is about 47.46 .
Assuming the 90 days trading horizon ELEC has a beta of -0.12 suggesting as returns on the benchmark increase, returns on holding ELEC are expected to decrease at a much lower rate. During a bear market, however, ELEC is likely to outperform the market. Additionally ELEC has an alpha of 0.4176, implying that it can generate a 0.42 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ELEC Price Density |
| Price |
Predictive Modules for ELEC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ELEC. 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.ELEC Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ELEC is not an exception. The market had few large corrections towards the ELEC'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 ELEC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ELEC within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.42 | |
β | Beta against Dow Jones | -0.12 | |
σ | Overall volatility | 0.000016 | |
Ir | Information ratio | 0.03 |
ELEC 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 ELEC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ELEC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ELEC is way too risky over 90 days horizon | |
| ELEC has some characteristics of a very speculative cryptocurrency | |
| ELEC appears to be risky and price may revert if volatility continues |
ELEC Technical Analysis
ELEC's future price can be derived by breaking down and analyzing its technical indicators over time. ELEC Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ELEC. In general, you should focus on analyzing ELEC Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
ELEC Predictive Forecast Models
ELEC's time-series forecasting models is one of many ELEC'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 ELEC'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 ELEC
Checking the ongoing alerts about ELEC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ELEC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ELEC is way too risky over 90 days horizon | |
| ELEC has some characteristics of a very speculative cryptocurrency | |
| ELEC appears to be risky and price may revert if volatility continues |
Check out ELEC Backtesting, Portfolio Optimization, ELEC Correlation, Cryptocurrency Center, ELEC Volatility, ELEC History as well as ELEC Performance. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.