Frax Chance of Future Crypto Coin Price Finishing Over 1.04
| FRAX Crypto | USD 1.04 0.02 1.96% |
Frax |
Frax Target Price Odds to finish over 1.04
The tendency of Frax 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 above the current price in 90 days |
| 1.04 | 90 days | 1.04 | about 1.89 |
Based on a normal probability distribution, the odds of Frax to move above the current price in 90 days from now is about 1.89 (This Frax probability density function shows the probability of Frax Crypto Coin to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Frax has a beta of -0.0515. This usually indicates as returns on the benchmark increase, returns on holding Frax are expected to decrease at a much lower rate. During a bear market, however, Frax is likely to outperform the market. Additionally Frax has an alpha of 0.1158, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Frax Price Density |
| Price |
Predictive Modules for Frax
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Frax. 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.Frax Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Frax is not an exception. The market had few large corrections towards the Frax'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 Frax, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Frax within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.0045 |
Frax 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 Frax for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Frax can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Frax has some characteristics of a very speculative cryptocurrency |
Frax Technical Analysis
Frax's future price can be derived by breaking down and analyzing its technical indicators over time. Frax Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Frax. In general, you should focus on analyzing Frax Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
Frax Predictive Forecast Models
Frax's time-series forecasting models is one of many Frax'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 Frax'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 Frax
Checking the ongoing alerts about Frax for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Frax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Frax has some characteristics of a very speculative cryptocurrency |
Check out Frax Backtesting, Portfolio Optimization, Frax Correlation, Cryptocurrency Center, Frax Volatility, Frax History as well as Frax Performance. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.