OAX Chance of Future Crypto Coin Price Finishing Over 9.98
| OAX Crypto | USD 0.05 0.0001 0.22% |
OAX |
OAX Target Price Odds to finish over 9.98
The tendency of OAX 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 over $ 9.98 or more in 90 days |
| 0.05 | 90 days | 9.98 | close to zero percent |
Based on a normal probability distribution, the odds of OAX to move over $ 9.98 or more in 90 days from now is close to zero percent (This OAX probability density function shows the probability of OAX Crypto Coin to fall within a particular range of prices over 90 days) . Probability of OAX price to stay between its current price of $ 0.05 and $ 9.98 at the end of the 90-day period is close to 99 .
Assuming the 90 days trading horizon OAX has a beta of -0.78. This indicates as returns on the benchmark increase, returns on holding OAX are expected to decrease at a much lower rate. During a bear market, however, OAX is likely to outperform the market. Additionally OAX 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. OAX Price Density |
| Price |
Predictive Modules for OAX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OAX. 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.OAX Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. OAX is not an exception. The market had few large corrections towards the OAX'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 OAX, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of OAX within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.93 | |
β | Beta against Dow Jones | -0.78 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.1 |
OAX 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 OAX for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for OAX can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| OAX generated a negative expected return over the last 90 days | |
| OAX has high historical volatility and very poor performance | |
| OAX has some characteristics of a very speculative cryptocurrency |
OAX Technical Analysis
OAX's future price can be derived by breaking down and analyzing its technical indicators over time. OAX Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of OAX. In general, you should focus on analyzing OAX Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
OAX Predictive Forecast Models
OAX's time-series forecasting models is one of many OAX'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 OAX'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 OAX
Checking the ongoing alerts about OAX for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for OAX help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| OAX generated a negative expected return over the last 90 days | |
| OAX has high historical volatility and very poor performance | |
| OAX has some characteristics of a very speculative cryptocurrency |
Check out OAX Backtesting, Portfolio Optimization, OAX Correlation, Cryptocurrency Center, OAX Volatility, OAX History as well as OAX Performance. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.