Wormhole Odds of Future Crypto Coin Price Finishing Over 0.24
| W Crypto | USD 0.24 0.02 9.09% |
Wormhole |
Wormhole Target Price Odds to finish over 0.24
The tendency of Wormhole 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 above the current price in 90 days |
| 0.24 | 90 days | 0.24 | about 59.5 |
Based on a normal probability distribution, the odds of Wormhole to move above the current price in 90 days from now is about 59.5 (This Wormhole probability density function shows the probability of Wormhole Crypto Coin to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Wormhole has a beta of 0.45. This entails as returns on the market go up, Wormhole average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Wormhole will be expected to be much smaller as well. Additionally Wormhole has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Wormhole Price Density |
| Price |
Predictive Modules for Wormhole
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wormhole. 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 Wormhole'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.
Wormhole Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wormhole is not an exception. The market had few large corrections towards the Wormhole'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 Wormhole, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wormhole within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.45 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.02 |
Wormhole 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 Wormhole for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wormhole can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Wormhole had very high historical volatility over the last 90 days | |
| Wormhole has some characteristics of a very speculative cryptocurrency |
Wormhole Technical Analysis
Wormhole's future price can be derived by breaking down and analyzing its technical indicators over time. Wormhole Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wormhole. In general, you should focus on analyzing Wormhole Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
Wormhole Predictive Forecast Models
Wormhole's time-series forecasting models is one of many Wormhole'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 Wormhole'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 Wormhole
Checking the ongoing alerts about Wormhole for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wormhole help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Wormhole had very high historical volatility over the last 90 days | |
| Wormhole has some characteristics of a very speculative cryptocurrency |
Check out Wormhole Backtesting, Portfolio Optimization, Wormhole Correlation, Cryptocurrency Center, Wormhole Volatility, Wormhole History as well as Wormhole Performance. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.