Optimism Odds of Future Crypto Coin Price Finishing Over 0.91

OP
 Crypto
  

USD 0.91  0.04  4.60%   

Optimism's future price is the expected price of Optimism instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Optimism performance during a given time horizon utilizing its historical volatility.
  
Please check Optimism Backtesting, Portfolio Optimization, Optimism Correlation, Cryptocurrency Center, Optimism Volatility, Optimism History as well as Optimism Performance. Please specify Optimism time horizon, a valid symbol (red box) and a target price (blue box) you would like Optimism odds to be computed.

Optimism Target Price Odds to finish over 0.91

The tendency of Optimism 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 PriceHorizonTarget PriceOdds to move above the current price in 90 days
 0.91 90 days 0.91 
about 65.13
Based on a normal probability distribution, the odds of Optimism to move above the current price in 90 days from now is about 65.13 (This Optimism probability density function shows the probability of Optimism Crypto Coin to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Optimism has a beta of -0.22. This indicates as returns on benchmark increase, returns on holding Optimism are expected to decrease at a much lower rate. During the bear market, however, Optimism is likely to outperform the market. Additionally The company has an alpha of 0.1063, implying that it can generate a 0.11 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Optimism Price Density   
       Price  

Predictive Modules for Optimism

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Optimism. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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, frequently view the market will even out over time. This tendency of Optimism'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. Please use the tools below to analyze the current value of Optimism in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.050.9110.57
Details
Intrinsic
Valuation
LowReal ValueHigh
0.040.8210.48
Details
Naive
Forecast
LowNext ValueHigh
0.0192780.9610.63
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.770.981.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Optimism. Your research has to be compared to or analyzed against Optimism's peers to derive any actionable benefits. When done correctly, Optimism's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Optimism.

Optimism Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Optimism is not an exception. The market had few large corrections towards the Optimism'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 Optimism, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Optimism within the framework of very fundamental risk indicators.
α
Alpha over DOW
0.11
β
Beta against DOW-0.22
σ
Overall volatility
0.18
Ir
Information ratio 0.007924

Optimism 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 Optimism for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Optimism can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Optimism generated a negative expected return over the last 90 days
Optimism has high historical volatility and very poor performance
Optimism has some characteristics of a very speculative cryptocurrency

Optimism Technical Analysis

Optimism's future price can be derived by breaking down and analyzing its technical indicators over time. Optimism Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Optimism. In general, you should focus on analyzing Optimism Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.

Optimism Predictive Forecast Models

Optimism time-series forecasting models is one of many Optimism's crypto coin analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary Optimism'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 Optimism

Checking the ongoing alerts about Optimism for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Optimism help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Optimism generated a negative expected return over the last 90 days
Optimism has high historical volatility and very poor performance
Optimism has some characteristics of a very speculative cryptocurrency
Please check Optimism Backtesting, Portfolio Optimization, Optimism Correlation, Cryptocurrency Center, Optimism Volatility, Optimism History as well as Optimism Performance. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Other Tools for Optimism Crypto Coin

When running Optimism price analysis, check to measure Optimism's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Optimism is operating at the current time. Most of Optimism's value examination focuses on studying past and present price actions to predict the probability of Optimism's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Optimism's coin price. Additionally, you may evaluate how adding Optimism to your portfolios can decrease your overall portfolio volatility.
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