Valkyrie Bitcoin Miners Etf Probability of Future Etf Price Finishing Under 28.46
| WGMI Etf | USD 27.71 1.92 7.44% |
Valkyrie |
Valkyrie Bitcoin Target Price Odds to finish below 28.46
The tendency of Valkyrie Etf 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 under $ 28.46 after 90 days |
| 27.71 | 90 days | 28.46 | about 99.0 |
Based on a normal probability distribution, the odds of Valkyrie Bitcoin to stay under $ 28.46 after 90 days from now is about 99.0 (This Valkyrie Bitcoin Miners probability density function shows the probability of Valkyrie Etf to fall within a particular range of prices over 90 days) . Probability of Valkyrie Bitcoin Miners price to stay between its current price of $ 27.71 and $ 28.46 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days the etf has the beta coefficient of 4.25 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Valkyrie Bitcoin will likely underperform. Additionally Valkyrie Bitcoin Miners has an alpha of 0.1157, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Valkyrie Bitcoin Price Density |
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Predictive Modules for Valkyrie Bitcoin
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Valkyrie Bitcoin Miners. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf 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.Valkyrie Bitcoin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Valkyrie Bitcoin is not an exception. The market had few large corrections towards the Valkyrie Bitcoin'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 Valkyrie Bitcoin Miners, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Valkyrie Bitcoin within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | 4.25 | |
σ | Overall volatility | 3.59 | |
Ir | Information ratio | 0.09 |
Valkyrie Bitcoin 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 Valkyrie Bitcoin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Valkyrie Bitcoin Miners can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Valkyrie Bitcoin is way too risky over 90 days horizon | |
| Valkyrie Bitcoin appears to be risky and price may revert if volatility continues | |
| Valkyrie Bitcoin has high likelihood to experience some financial distress in the next 2 years | |
| Valkyrie Bitcoin Miners currently holds 4.38 M in liabilities. Valkyrie Bitcoin Miners has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Valkyrie Bitcoin until it has trouble settling it off, either with new capital or with free cash flow. So, Valkyrie Bitcoin's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Valkyrie Bitcoin Miners sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Valkyrie to invest in growth at high rates of return. When we think about Valkyrie Bitcoin's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 11.77 M. Net Loss for the year was (3.74 M) with profit before overhead, payroll, taxes, and interest of 769.49 K. | |
| Valkyrie Bitcoin Miners currently holds about 6.96 M in cash with (1.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| Latest headline from zacks.com: Bitcoin Mining ETF Hits New 52-Week High | |
| The fund keeps 95.83% of its net assets in stocks |
Valkyrie Bitcoin Technical Analysis
Valkyrie Bitcoin's future price can be derived by breaking down and analyzing its technical indicators over time. Valkyrie Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Valkyrie Bitcoin Miners. In general, you should focus on analyzing Valkyrie Etf price patterns and their correlations with different microeconomic environments and drivers.
Valkyrie Bitcoin Predictive Forecast Models
Valkyrie Bitcoin's time-series forecasting models is one of many Valkyrie Bitcoin's etf 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 Valkyrie Bitcoin'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 etf market movement and maximize returns from investment trading.
Things to note about Valkyrie Bitcoin Miners
Checking the ongoing alerts about Valkyrie Bitcoin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Valkyrie Bitcoin Miners help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Valkyrie Bitcoin is way too risky over 90 days horizon | |
| Valkyrie Bitcoin appears to be risky and price may revert if volatility continues | |
| Valkyrie Bitcoin has high likelihood to experience some financial distress in the next 2 years | |
| Valkyrie Bitcoin Miners currently holds 4.38 M in liabilities. Valkyrie Bitcoin Miners has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Valkyrie Bitcoin until it has trouble settling it off, either with new capital or with free cash flow. So, Valkyrie Bitcoin's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Valkyrie Bitcoin Miners sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Valkyrie to invest in growth at high rates of return. When we think about Valkyrie Bitcoin's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 11.77 M. Net Loss for the year was (3.74 M) with profit before overhead, payroll, taxes, and interest of 769.49 K. | |
| Valkyrie Bitcoin Miners currently holds about 6.96 M in cash with (1.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| Latest headline from zacks.com: Bitcoin Mining ETF Hits New 52-Week High | |
| The fund keeps 95.83% of its net assets in stocks |
Check out Valkyrie Bitcoin Backtesting, Portfolio Optimization, Valkyrie Bitcoin Correlation, Valkyrie Bitcoin Hype Analysis, Valkyrie Bitcoin Volatility, Valkyrie Bitcoin History as well as Valkyrie Bitcoin Performance. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of Valkyrie Bitcoin Miners is measured differently than its book value, which is the value of Valkyrie that is recorded on the company's balance sheet. Investors also form their own opinion of Valkyrie Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Valkyrie Bitcoin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Valkyrie Bitcoin's market value can be influenced by many factors that don't directly affect Valkyrie Bitcoin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Valkyrie Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Valkyrie Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Valkyrie Bitcoin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.