Bitmine Immersion Pink Sheet Forecast - Daily Balance Of Power
| BMNR Stock | USD 0.45 0.13 22.41% |
Bitmine Pink Sheet Forecast is based on your current time horizon.
Bitmine |
| Check Bitmine Immersion Volatility | Backtest Bitmine Immersion | Trend Details |
Bitmine Immersion Trading Date Momentum
| On September 14 2023 Bitmine Immersion Technologies was traded for 0.70 at the closing time. The top price for the day was 0.70 and the lowest listed price was 0.70 . There was no trading activity during the period 1.0. Lack of trading volume on September 14, 2023 did not affect price variability. The overall trading delta against the current closing price is 0.00% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Bitmine Immersion
For every potential investor in Bitmine, whether a beginner or expert, Bitmine Immersion's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bitmine Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bitmine. Basic forecasting techniques help filter out the noise by identifying Bitmine Immersion's price trends.Bitmine Immersion Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bitmine Immersion pink sheet to make a market-neutral strategy. Peer analysis of Bitmine Immersion could also be used in its relative valuation, which is a method of valuing Bitmine Immersion by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bitmine Immersion Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Bitmine Immersion's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Bitmine Immersion's current price.| Cycle Indicators | ||
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| Volume Indicators |
Bitmine Immersion Market Strength Events
Market strength indicators help investors to evaluate how Bitmine Immersion pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bitmine Immersion shares will generate the highest return on investment. By undertsting and applying Bitmine Immersion pink sheet market strength indicators, traders can identify Bitmine Immersion Technologies entry and exit signals to maximize returns.
Bitmine Immersion Risk Indicators
The analysis of Bitmine Immersion's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Bitmine Immersion's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bitmine pink sheet prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 11.5 | |||
| Semi Deviation | 14.52 | |||
| Standard Deviation | 20.0 | |||
| Variance | 400.05 | |||
| Downside Variance | 745.06 | |||
| Semi Variance | 210.82 | |||
| Expected Short fall | (25.73) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Bitmine Immersion
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitmine Immersion position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitmine Immersion will appreciate offsetting losses from the drop in the long position's value.Moving against Bitmine Pink Sheet
| 0.82 | HNHPF | Hon Hai Precision | PairCorr |
| 0.49 | AMPH | Amphastar P | PairCorr |
| 0.41 | SLMNP | A Schulman | PairCorr |
| 0.36 | GLW | Corning Incorporated | PairCorr |
| 0.34 | JBL | Jabil Circuit Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Bitmine Immersion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitmine Immersion when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitmine Immersion - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitmine Immersion Technologies to buy it.
The correlation of Bitmine Immersion is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitmine Immersion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitmine Immersion moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bitmine Immersion can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Bitmine Pink Sheet Analysis
When running Bitmine Immersion's price analysis, check to measure Bitmine Immersion'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 Bitmine Immersion is operating at the current time. Most of Bitmine Immersion's value examination focuses on studying past and present price action to predict the probability of Bitmine Immersion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitmine Immersion's price. Additionally, you may evaluate how the addition of Bitmine Immersion to your portfolios can decrease your overall portfolio volatility.