GO Buy Hold or Sell Recommendation

GO
 Crypto
  

 0.0072  0.000058  0.81%   

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

Execute GO Buy or Sell Advice

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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 GO has a Mean Deviation of 2.86, Standard Deviation of 3.88 and Variance of 15.08
We provide advice to complement the regular expert consensus on GO. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the crypto's potential to grow using all technical and fundamental data available at the time.

GO Trading Alerts and Improvement Suggestions

GO generated a negative expected return over the last 90 days
GO has some characteristics of a very speculative cryptocurrency
GO has high historical volatility and very poor performance

GO Returns Distribution Density

The distribution of GO's historical returns is an attempt to chart the uncertainty of GO's future price movements. The chart of the probability distribution of GO daily returns describes the distribution of returns around its average expected value. We use GO price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of GO returns is essential to provide solid investment advice for GO cryptocurrency.
Mean Return-0.27Value At Risk-7.73
Potential Upside5.65Standard Deviation3.88
   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 GO 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.

GO 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 GO 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 GO'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 GO 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 DOW
-0.25
β
Beta against DOW0.33
σ
Overall volatility
3.89
Ir
Information ratio -0.05

GO Volatility Alert

GO exhibits very low volatility with skewness of -0.64 and kurtosis of 1.36. However, we advise cryptocurrency investors to further study GO technical indicators to make sure all market info is available and is reliable. GO appears to be a penny crypto. Although GO may be, in fact, a solid short-term or long term investment, many penny crypto coins are speculative digital assets that are often subject to artificial coin promotions and campaigns of hype which may lead to misinformation and misrepresentation. Please make sure you fully understand upside potential and downside risks of investing in GO crypto or similar risky assets. We encourage cryptocurrency investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswing without any event/news,and sudden news releases. We also encourage crypto traders to check the biographies and work history of the founders of the accociated project, carefully read the white papers and consensus ducoments before investing in high-volatility coins. You can indeed make money on GO 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 GO'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 GO'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 GO Buy or Sell Advice

When is the right time to buy or sell GO? Buying financial instruments such as GO 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 GO 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.

Did You Try This Idea?

Run Junk Bonds Thematic Idea Now

Junk Bonds
Junk Bonds Theme
Funds or Etfs that invest most of their assets into speculative (junk) bonds or to other fixed income instruments with interest rates 3 to 4 percentage points above government issues. The Junk Bonds theme has 40 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 Junk Bonds Theme or any other thematic opportunities.
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Please check GO Technical Analysis You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Other Tools for GO Crypto Coin

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