PAY Chance of Future Crypto Coin Price Finishing Under 0.000086
| PAY Crypto | USD 0.01 0.000076 0.88% |
PAY |
PAY Target Price Odds to finish below 0.000086
The tendency of PAY 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 drop to $ 0.000086 or more in 90 days |
| 0.01 | 90 days | 0.000086 | near 1 |
Based on a normal probability distribution, the odds of PAY to drop to $ 0.000086 or more in 90 days from now is near 1 (This PAY probability density function shows the probability of PAY Crypto Coin to fall within a particular range of prices over 90 days) . Probability of PAY price to stay between $ 0.000086 and its current price of $0.00856 at the end of the 90-day period is over 95.17 .
Assuming the 90 days trading horizon PAY has a beta of -0.54 indicating as returns on the benchmark increase, returns on holding PAY are expected to decrease at a much lower rate. During a bear market, however, PAY is likely to outperform the market. Additionally PAY has an alpha of 0.6267, implying that it can generate a 0.63 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). PAY Price Density |
| Price |
Predictive Modules for PAY
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PAY. 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.PAY Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PAY is not an exception. The market had few large corrections towards the PAY'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 PAY, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PAY within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.63 | |
β | Beta against Dow Jones | -0.54 | |
σ | Overall volatility | 0.0006 | |
Ir | Information ratio | 0.05 |
PAY 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 PAY for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PAY can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PAY is way too risky over 90 days horizon | |
| PAY has some characteristics of a very speculative cryptocurrency | |
| PAY appears to be risky and price may revert if volatility continues |
PAY Technical Analysis
PAY's future price can be derived by breaking down and analyzing its technical indicators over time. PAY Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PAY. In general, you should focus on analyzing PAY Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
PAY Predictive Forecast Models
PAY's time-series forecasting models is one of many PAY'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 PAY'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 PAY
Checking the ongoing alerts about PAY for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PAY help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PAY is way too risky over 90 days horizon | |
| PAY has some characteristics of a very speculative cryptocurrency | |
| PAY appears to be risky and price may revert if volatility continues |
Check out PAY Backtesting, Portfolio Optimization, PAY Correlation, Cryptocurrency Center, PAY Volatility, PAY History as well as PAY Performance. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.