Hive Blockchain Technologies Stock Probability of Future Stock Price Finishing Over 6.76
| HIVE Stock | CAD 5.74 0.10 1.77% |
HIVE |
HIVE Blockchain Target Price Odds to finish over 6.76
The tendency of HIVE 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 move over C$ 6.76 or more in 90 days |
| 5.74 | 90 days | 6.76 | about 1.51 |
Based on a normal probability distribution, the odds of HIVE Blockchain to move over C$ 6.76 or more in 90 days from now is about 1.51 (This HIVE Blockchain Technologies probability density function shows the probability of HIVE Stock to fall within a particular range of prices over 90 days) . Probability of HIVE Blockchain Tech price to stay between its current price of C$ 5.74 and C$ 6.76 at the end of the 90-day period is about 13.82 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.87 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, HIVE Blockchain will likely underperform. Additionally HIVE Blockchain Technologies has an alpha of 0.3409, implying that it can generate a 0.34 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). HIVE Blockchain Price Density |
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Predictive Modules for HIVE Blockchain
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as HIVE Blockchain Tech. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HIVE Blockchain's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
HIVE Blockchain Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. HIVE Blockchain is not an exception. The market had few large corrections towards the HIVE Blockchain'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 HIVE Blockchain Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of HIVE Blockchain within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.34 | |
β | Beta against Dow Jones | 1.87 | |
σ | Overall volatility | 0.89 | |
Ir | Information ratio | 0.07 |
HIVE Blockchain 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 HIVE Blockchain for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for HIVE Blockchain Tech can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| HIVE Blockchain Tech had very high historical volatility over the last 90 days | |
| The company reported the revenue of 114.47 M. Net Loss for the year was (51.2 M) with profit before overhead, payroll, taxes, and interest of 163.93 M. | |
| Latest headline from news.google.com: HIVE - HIVE Digital Technologies Ltd. Common Shares Latest Stock News Market Updates - StockTitan |
HIVE Blockchain 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 HIVE Stock often depends not only on the future outlook of the current and potential HIVE Blockchain'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. HIVE Blockchain's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 90 M | |
| Cash And Short Term Investments | 16.7 M |
HIVE Blockchain Technical Analysis
HIVE Blockchain's future price can be derived by breaking down and analyzing its technical indicators over time. HIVE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of HIVE Blockchain Technologies. In general, you should focus on analyzing HIVE Stock price patterns and their correlations with different microeconomic environments and drivers.
HIVE Blockchain Predictive Forecast Models
HIVE Blockchain's time-series forecasting models is one of many HIVE Blockchain'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 HIVE Blockchain'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 HIVE Blockchain Tech
Checking the ongoing alerts about HIVE Blockchain for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for HIVE Blockchain Tech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| HIVE Blockchain Tech had very high historical volatility over the last 90 days | |
| The company reported the revenue of 114.47 M. Net Loss for the year was (51.2 M) with profit before overhead, payroll, taxes, and interest of 163.93 M. | |
| Latest headline from news.google.com: HIVE - HIVE Digital Technologies Ltd. Common Shares Latest Stock News Market Updates - StockTitan |
Additional Tools for HIVE Stock Analysis
When running HIVE Blockchain's price analysis, check to measure HIVE Blockchain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HIVE Blockchain is operating at the current time. Most of HIVE Blockchain's value examination focuses on studying past and present price action to predict the probability of HIVE Blockchain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HIVE Blockchain's price. Additionally, you may evaluate how the addition of HIVE Blockchain to your portfolios can decrease your overall portfolio volatility.