NLG Chance of Future Crypto Coin Price Finishing Over 0.004531
| NLG Crypto | USD 0.01 0.000021 0.41% |
NLG |
NLG Target Price Odds to finish over 0.004531
The tendency of NLG 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 stay above $ 0 in 90 days |
| 0.01 | 90 days | 0 | about 85.12 |
Based on a normal probability distribution, the odds of NLG to stay above $ 0 in 90 days from now is about 85.12 (This NLG probability density function shows the probability of NLG Crypto Coin to fall within a particular range of prices over 90 days) . Probability of NLG price to stay between $ 0 and its current price of $0.005064 at the end of the 90-day period is about 63.82 .
Assuming the 90 days trading horizon NLG has a beta of -0.69. This indicates as returns on the benchmark increase, returns on holding NLG are expected to decrease at a much lower rate. During a bear market, however, NLG is likely to outperform the market. Additionally NLG has an alpha of 0.1932, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NLG Price Density |
| Price |
Predictive Modules for NLG
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NLG. 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.NLG Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NLG is not an exception. The market had few large corrections towards the NLG'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 NLG, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NLG within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | -0.69 | |
σ | Overall volatility | 0.0003 | |
Ir | Information ratio | -0.0008 |
NLG 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 NLG for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NLG can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NLG is not yet fully synchronised with the market data | |
| NLG has some characteristics of a very speculative cryptocurrency |
NLG Technical Analysis
NLG's future price can be derived by breaking down and analyzing its technical indicators over time. NLG Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NLG. In general, you should focus on analyzing NLG Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
NLG Predictive Forecast Models
NLG's time-series forecasting models is one of many NLG'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 NLG'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 NLG
Checking the ongoing alerts about NLG for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NLG help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NLG is not yet fully synchronised with the market data | |
| NLG has some characteristics of a very speculative cryptocurrency |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.