Magic Chance of Future Crypto Coin Price Finishing Under 0.02
| MAGIC Crypto | USD 0.48 0.04 9.09% |
Magic |
Magic Target Price Odds to finish below 0.02
The tendency of Magic 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 $ 0.02 or more in 90 days |
| 0.48 | 90 days | 0.02 | near 1 |
Based on a normal probability distribution, the odds of Magic to drop to $ 0.02 or more in 90 days from now is near 1 (This Magic probability density function shows the probability of Magic Crypto Coin to fall within a particular range of prices over 90 days) . Probability of Magic price to stay between $ 0.02 and its current price of $0.48 at the end of the 90-day period is close to 99 .
Assuming the 90 days trading horizon Magic has a beta of 0.98. This indicates Magic market returns are highly-sensitive to returns on the market. As the market goes up or down, Magic is expected to follow. Additionally Magic has an alpha of 0.2417, implying that it can generate a 0.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Magic Price Density |
| Price |
Predictive Modules for Magic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Magic. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Magic'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.
Magic Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Magic is not an exception. The market had few large corrections towards the Magic'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 Magic, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Magic within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | 0.98 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.04 |
Magic 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 Magic for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Magic can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Magic is way too risky over 90 days horizon | |
| Magic has some characteristics of a very speculative cryptocurrency | |
| Magic appears to be risky and price may revert if volatility continues |
Magic Technical Analysis
Magic's future price can be derived by breaking down and analyzing its technical indicators over time. Magic Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Magic. In general, you should focus on analyzing Magic Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
Magic Predictive Forecast Models
Magic's time-series forecasting models is one of many Magic'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 Magic'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 Magic
Checking the ongoing alerts about Magic for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Magic help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Magic is way too risky over 90 days horizon | |
| Magic has some characteristics of a very speculative cryptocurrency | |
| Magic appears to be risky and price may revert if volatility continues |
Check out Magic Backtesting, Portfolio Optimization, Magic Correlation, Cryptocurrency Center, Magic Volatility, Magic History as well as Magic Performance. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.