Optimism Buy Hold or Sell Recommendation

OP
 Crypto
  

USD 0.89  0.11  11.00%   

Assuming the 90 days horizon and your highly speculative risk level, our recommendation regarding Optimism is 'Strong Sell'. Macroaxis provides Optimism buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Optimism positions. The advice algorithm takes into account all of Optimism's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Optimism's buy-and-hold perspective. Please check

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Volatility

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Hype Condition

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Current Valuation

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Odds of Distress

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Economic Sensitivity

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For the selected time horizon Optimism has a Mean Deviation of 6.22, Semi Deviation of 7.69, Standard Deviation of 9.62, Variance of 92.62, Downside Variance of 69.8 and Semi Variance of 59.13
We provide trade recommendations to complement the recent expert consensus on Optimism. Our dynamic recommendation engine exercises a multidimensional algorithm to analyze the entity's potential to grow using all technical and fundamental data available at the time.

Optimism Trading Alerts and Improvement Suggestions

Optimism has very high historical volatility over the last 90 days
Optimism has some characteristics of a very speculative cryptocurrency

Optimism Returns Distribution Density

The distribution of Optimism's historical returns is an attempt to chart the uncertainty of Optimism's future price movements. The chart of the probability distribution of Optimism daily returns describes the distribution of returns around its average expected value. We use Optimism price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Optimism returns is essential to provide solid investment advice for Optimism cryptocurrency.
Mean Return0.19Value At Risk-15.11
Potential Upside19.49Standard Deviation9.62
   Return Density   
       Distribution  
Cryptocurrency investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Optimism historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different crypto investement strategies.

Optimism Greeks

Most traded cryptocurrencies are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or coin-specific or project-specific) risk. Unsystematic risk is the risk that events specific to Optimism project will adversely affect the coin's price. This type of risk can be diversified away by owning several different digital assets on different exchanges whose coin prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Optimism's price will be affected by overall cryptocurrency market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Optimism crypto's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.21
β
Beta against NYSE Composite-0.37
σ
Overall volatility
9.76
Ir
Information ratio 0.0123

Optimism Volatility Alert

Optimism is displaying above-average volatility over the selected time horizon. Investors should scrutinize Optimism independently to ensure intended cryptocurrency market timing strategies are aligned with expectations about Optimism volatility. Please note that many cryptocurrencies are speculative and subject to artificial price hype. Ensure you understand the upside potential and downside risk of investing in Optimism. We encourage all cryptocurrency investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before the public announcements. Please also check the biographies and work history of current and past project contributors before investing in high-volatility crypto coins. You can indeed make money on Optimism if you perfectly time your entry and exit. However, remember that cryptos that have been the subject of artificial hype usually cannot maintain its increased price for more than a few days. The price of a promoted high-volatility instrument will almost always revert. The only way to increase coin holder value is through legitimate performance analysis backed up by solid fundamentals of the project the coin represents. Understanding different market volatility trends often help investors time the market. Properly using volatility indicators enable traders to measure Optimism's crypto coin risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Optimism's price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different cryptos as prices fall or investing in DeFi projects.

About Optimism Buy or Sell Advice

When is the right time to buy or sell Optimism? Buying financial instruments such as Optimism Crypto Coin isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Optimism in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Top Cryptocurrency
Top Cryptocurrency Theme
Dynamically computed list of top cryptocurrencies sorted bymarket capitalization. The Top Cryptocurrency theme has 50 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Top Cryptocurrency Theme or any other thematic opportunities.
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Please check Optimism Technical Analysis You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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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