Optimism Odds of Future Crypto Coin Price Finishing Over 20.15
| OP Crypto | USD 2.45 0.07 2.94% |
Optimism |
Optimism Target Price Odds to finish over 20.15
The tendency of Optimism 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 $ 20.15 or more in 90 days |
| 2.45 | 90 days | 20.15 | close to zero percent |
Based on a normal probability distribution, the odds of Optimism to move over $ 20.15 or more in 90 days from now is close to zero percent (This Optimism probability density function shows the probability of Optimism Crypto Coin to fall within a particular range of prices over 90 days) . Probability of Optimism price to stay between its current price of $ 2.45 and $ 20.15 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon Optimism has a beta of -0.3. This indicates as returns on the benchmark increase, returns on holding Optimism are expected to decrease at a much lower rate. During a bear market, however, Optimism is likely to outperform the market. Moreover Optimism has an alpha of 1.0209, implying that it can generate a 1.02 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Optimism Price Density |
| Price |
Predictive Modules for Optimism
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Optimism. 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 Optimism'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.
Optimism Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Optimism is not an exception. The market had few large corrections towards the Optimism'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 Optimism, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Optimism within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.02 | |
β | Beta against Dow Jones | -0.3 | |
σ | Overall volatility | 0.26 | |
Ir | Information ratio | 0.14 |
Optimism 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 Optimism for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Optimism can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Optimism is way too risky over 90 days horizon | |
| Optimism appears to be risky and price may revert if volatility continues |
Optimism Technical Analysis
Optimism's future price can be derived by breaking down and analyzing its technical indicators over time. Optimism Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Optimism. In general, you should focus on analyzing Optimism Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
Optimism Predictive Forecast Models
Optimism's time-series forecasting models is one of many Optimism'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 Optimism'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 Optimism
Checking the ongoing alerts about Optimism for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Optimism help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Optimism is way too risky over 90 days horizon | |
| Optimism appears to be risky and price may revert if volatility continues |
Check out Optimism Backtesting, Portfolio Optimization, Optimism Correlation, Cryptocurrency Center, Optimism Volatility, Optimism History as well as Optimism Performance. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.