Athena Bitcoin Global Stock Probability of Future Pink Sheet Price Finishing Under 0.11
| ABIT Stock | USD 0.11 0.01 8.33% |
Athena |
Athena Bitcoin Target Price Odds to finish below 0.11
The tendency of Athena Pink Sheet 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 below current price in 90 days |
| 0.11 | 90 days | 0.11 | about 70.11 |
Based on a normal probability distribution, the odds of Athena Bitcoin to move below current price in 90 days from now is about 70.11 (This Athena Bitcoin Global probability density function shows the probability of Athena Pink Sheet to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the pink sheet has the beta coefficient of 9.77 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Athena Bitcoin will likely underperform. In addition to that Athena Bitcoin Global has an alpha of 2.5654, implying that it can generate a 2.57 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Athena Bitcoin Price Density |
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Predictive Modules for Athena 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 Athena Bitcoin Global. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Athena Bitcoin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Athena Bitcoin is not an exception. The market had few large corrections towards the Athena 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 Athena Bitcoin Global, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Athena Bitcoin within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.57 | |
β | Beta against Dow Jones | 9.77 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | 0.14 |
Athena 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 Athena Bitcoin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Athena Bitcoin Global can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Athena Bitcoin is way too risky over 90 days horizon | |
| Athena Bitcoin has some characteristics of a very speculative penny stock | |
| Athena Bitcoin appears to be risky and price may revert if volatility continues | |
| Athena Bitcoin Global currently holds 10.77 M in liabilities. Athena Bitcoin Global has a current ratio of 0.59, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Athena Bitcoin until it has trouble settling it off, either with new capital or with free cash flow. So, Athena 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 Athena Bitcoin Global sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Athena to invest in growth at high rates of return. When we think about Athena Bitcoin's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 72.51 M. Net Loss for the year was (3.64 M) with profit before overhead, payroll, taxes, and interest of 5.61 M. | |
| Athena Bitcoin Global currently holds about 1.01 M in cash with (4.14 M) of positive cash flow from operations. | |
| Roughly 76.0% of the company shares are held by company insiders |
Athena Bitcoin Technical Analysis
Athena Bitcoin's future price can be derived by breaking down and analyzing its technical indicators over time. Athena Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Athena Bitcoin Global. In general, you should focus on analyzing Athena Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Athena Bitcoin Predictive Forecast Models
Athena Bitcoin's time-series forecasting models is one of many Athena Bitcoin's pink sheet 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 Athena 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Athena Bitcoin Global
Checking the ongoing alerts about Athena Bitcoin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Athena Bitcoin Global help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Athena Bitcoin is way too risky over 90 days horizon | |
| Athena Bitcoin has some characteristics of a very speculative penny stock | |
| Athena Bitcoin appears to be risky and price may revert if volatility continues | |
| Athena Bitcoin Global currently holds 10.77 M in liabilities. Athena Bitcoin Global has a current ratio of 0.59, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Athena Bitcoin until it has trouble settling it off, either with new capital or with free cash flow. So, Athena 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 Athena Bitcoin Global sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Athena to invest in growth at high rates of return. When we think about Athena Bitcoin's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 72.51 M. Net Loss for the year was (3.64 M) with profit before overhead, payroll, taxes, and interest of 5.61 M. | |
| Athena Bitcoin Global currently holds about 1.01 M in cash with (4.14 M) of positive cash flow from operations. | |
| Roughly 76.0% of the company shares are held by company insiders |
Additional Tools for Athena Pink Sheet Analysis
When running Athena Bitcoin's price analysis, check to measure Athena Bitcoin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Athena Bitcoin is operating at the current time. Most of Athena Bitcoin's value examination focuses on studying past and present price action to predict the probability of Athena Bitcoin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Athena Bitcoin's price. Additionally, you may evaluate how the addition of Athena Bitcoin to your portfolios can decrease your overall portfolio volatility.