Xtra Bitcoin Stock Probability of Future Pink Sheet Price Finishing Under 0.001193
| CBTC Stock | USD 0 0.0001 7.69% |
XTRA |
XTRA Bitcoin Target Price Odds to finish below 0.001193
The tendency of XTRA 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 drop to $ 0 or more in 90 days |
| 0 | 90 days | 0 | about 27.02 |
Based on a normal probability distribution, the odds of XTRA Bitcoin to drop to $ 0 or more in 90 days from now is about 27.02 (This XTRA Bitcoin probability density function shows the probability of XTRA Pink Sheet to fall within a particular range of prices over 90 days) . Probability of XTRA Bitcoin price to stay between $ 0 and its current price of $0.0014 at the end of the 90-day period is about 26.09 .
Given the investment horizon of 90 days XTRA Bitcoin has a beta of 0.61 suggesting as returns on the market go up, XTRA Bitcoin average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding XTRA Bitcoin will be expected to be much smaller as well. Additionally XTRA Bitcoin has an alpha of 0.8743, implying that it can generate a 0.87 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). XTRA Bitcoin Price Density |
| Price |
Predictive Modules for XTRA 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 XTRA Bitcoin. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of XTRA Bitcoin'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.
XTRA Bitcoin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. XTRA Bitcoin is not an exception. The market had few large corrections towards the XTRA 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 XTRA Bitcoin, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of XTRA Bitcoin within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.87 | |
β | Beta against Dow Jones | 0.61 | |
σ | Overall volatility | 0.0003 | |
Ir | Information ratio | 0.08 |
XTRA 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 XTRA Bitcoin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for XTRA Bitcoin can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| XTRA Bitcoin is way too risky over 90 days horizon | |
| XTRA Bitcoin has some characteristics of a very speculative penny stock | |
| XTRA Bitcoin appears to be risky and price may revert if volatility continues | |
| XTRA Bitcoin has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 62.51 K. Net Loss for the year was (217.61 K) with profit before overhead, payroll, taxes, and interest of 3.89 K. | |
| XTRA Bitcoin currently holds about 37 in cash with (6.56 K) of positive cash flow from operations. |
XTRA Bitcoin Technical Analysis
XTRA Bitcoin's future price can be derived by breaking down and analyzing its technical indicators over time. XTRA Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of XTRA Bitcoin. In general, you should focus on analyzing XTRA Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
XTRA Bitcoin Predictive Forecast Models
XTRA Bitcoin's time-series forecasting models is one of many XTRA 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 XTRA 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 XTRA Bitcoin
Checking the ongoing alerts about XTRA Bitcoin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for XTRA Bitcoin help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| XTRA Bitcoin is way too risky over 90 days horizon | |
| XTRA Bitcoin has some characteristics of a very speculative penny stock | |
| XTRA Bitcoin appears to be risky and price may revert if volatility continues | |
| XTRA Bitcoin has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 62.51 K. Net Loss for the year was (217.61 K) with profit before overhead, payroll, taxes, and interest of 3.89 K. | |
| XTRA Bitcoin currently holds about 37 in cash with (6.56 K) of positive cash flow from operations. |
Other Information on Investing in XTRA Pink Sheet
XTRA Bitcoin financial ratios help investors to determine whether XTRA Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in XTRA with respect to the benefits of owning XTRA Bitcoin security.