Grayscale Bitcoin Trust Etf Probability of Future Etf Price Finishing Under 68.64
| GBTC Etf | USD 76.32 3.49 4.37% |
Grayscale |
Grayscale Bitcoin Target Price Odds to finish below 68.64
The tendency of Grayscale 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 drop to $ 68.64 or more in 90 days |
| 76.32 | 90 days | 68.64 | about 67.97 |
Based on a normal probability distribution, the odds of Grayscale Bitcoin to drop to $ 68.64 or more in 90 days from now is about 67.97 (This Grayscale Bitcoin Trust probability density function shows the probability of Grayscale Etf to fall within a particular range of prices over 90 days) . Probability of Grayscale Bitcoin Trust price to stay between $ 68.64 and its current price of $76.32 at the end of the 90-day period is about 18.1 .
Given the investment horizon of 90 days Grayscale Bitcoin Trust has a beta of -0.39. This usually indicates as returns on the benchmark increase, returns on holding Grayscale Bitcoin are expected to decrease at a much lower rate. During a bear market, however, Grayscale Bitcoin Trust is likely to outperform the market. Additionally Grayscale Bitcoin Trust has an alpha of 0.767, implying that it can generate a 0.77 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Grayscale Bitcoin Price Density |
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Predictive Modules for Grayscale 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 Grayscale Bitcoin Trust. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grayscale 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.
Grayscale Bitcoin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Grayscale Bitcoin is not an exception. The market had few large corrections towards the Grayscale 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 Grayscale Bitcoin Trust, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Grayscale Bitcoin within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.77 | |
β | Beta against Dow Jones | -0.39 | |
σ | Overall volatility | 12.42 | |
Ir | Information ratio | 0.21 |
Grayscale 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 Grayscale Bitcoin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Grayscale Bitcoin Trust can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Grayscale Bitcoin appears to be risky and price may revert if volatility continues | |
| Latest headline from finance.yahoo.com: Bitcoin ETF Hits New 52-Week High | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
Grayscale Bitcoin Technical Analysis
Grayscale Bitcoin's future price can be derived by breaking down and analyzing its technical indicators over time. Grayscale Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Grayscale Bitcoin Trust. In general, you should focus on analyzing Grayscale Etf price patterns and their correlations with different microeconomic environments and drivers.
Grayscale Bitcoin Predictive Forecast Models
Grayscale Bitcoin's time-series forecasting models is one of many Grayscale 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 Grayscale 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 Grayscale Bitcoin Trust
Checking the ongoing alerts about Grayscale Bitcoin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Grayscale Bitcoin Trust help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Grayscale Bitcoin appears to be risky and price may revert if volatility continues | |
| Latest headline from finance.yahoo.com: Bitcoin ETF Hits New 52-Week High | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
Check out Grayscale Bitcoin Backtesting, Portfolio Optimization, Grayscale Bitcoin Correlation, Grayscale Bitcoin Hype Analysis, Grayscale Bitcoin Volatility, Grayscale Bitcoin History as well as Grayscale Bitcoin Performance. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
The market value of Grayscale Bitcoin Trust is measured differently than its book value, which is the value of Grayscale that is recorded on the company's balance sheet. Investors also form their own opinion of Grayscale Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Grayscale 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 Grayscale Bitcoin's market value can be influenced by many factors that don't directly affect Grayscale 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 Grayscale Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grayscale Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grayscale 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.