GNX Chance of Future Crypto Coin Price Finishing Over 0.005464
| GNX Crypto | USD 0.0004 0.01 93.81% |
GNX |
GNX Target Price Odds to finish over 0.005464
The tendency of GNX 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 over $ 0.01 or more in 90 days |
| 0.0004 | 90 days | 0.01 | about 5.7 |
Based on a normal probability distribution, the odds of GNX to move over $ 0.01 or more in 90 days from now is about 5.7 (This GNX probability density function shows the probability of GNX Crypto Coin to fall within a particular range of prices over 90 days) . Probability of GNX price to stay between its current price of $ 0.0004 and $ 0.01 at the end of the 90-day period is about 73.7 .
Assuming the 90 days trading horizon GNX has a beta of -59.61. This usually indicates as returns on its benchmark rise, returns on holding GNX are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, GNX is expected to outperform its benchmark. In addition to that GNX has an alpha of 160.873, implying that it can generate a 160.87 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). GNX Price Density |
| Price |
Predictive Modules for GNX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GNX. 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.GNX Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. GNX is not an exception. The market had few large corrections towards the GNX'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 GNX, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of GNX within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 160.87 | |
β | Beta against Dow Jones | -59.61 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.37 |
GNX 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 GNX for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for GNX can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| GNX is way too risky over 90 days horizon | |
| GNX has some characteristics of a very speculative cryptocurrency | |
| GNX appears to be risky and price may revert if volatility continues |
GNX Technical Analysis
GNX's future price can be derived by breaking down and analyzing its technical indicators over time. GNX Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of GNX. In general, you should focus on analyzing GNX Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
GNX Predictive Forecast Models
GNX's time-series forecasting models is one of many GNX'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 GNX'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 GNX
Checking the ongoing alerts about GNX for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for GNX help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| GNX is way too risky over 90 days horizon | |
| GNX has some characteristics of a very speculative cryptocurrency | |
| GNX appears to be risky and price may revert if volatility continues |
Check out GNX Backtesting, Portfolio Optimization, GNX Correlation, Cryptocurrency Center, GNX Volatility, GNX History as well as GNX Performance. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.