ORN Chance of Future Crypto Coin Price Finishing Over 0.93
| ORN Crypto | USD 1.41 0.02 1.44% |
ORN |
ORN Target Price Odds to finish over 0.93
The tendency of ORN 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 stay above $ 0.93 in 90 days |
| 1.41 | 90 days | 0.93 | about 89.59 |
Based on a normal probability distribution, the odds of ORN to stay above $ 0.93 in 90 days from now is about 89.59 (This ORN probability density function shows the probability of ORN Crypto Coin to fall within a particular range of prices over 90 days) . Probability of ORN price to stay between $ 0.93 and its current price of $1.41 at the end of the 90-day period is about 22.91 .
Assuming the 90 days trading horizon ORN has a beta of -1.62. This indicates as returns on its benchmark rise, returns on holding ORN are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, ORN is expected to outperform its benchmark. Moreover ORN has an alpha of 1.3399, implying that it can generate a 1.34 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). ORN Price Density |
| Price |
Predictive Modules for ORN
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ORN. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ORN'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.
ORN Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ORN is not an exception. The market had few large corrections towards the ORN'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 ORN, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ORN within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 1.34 | |
β | Beta against NYSE Composite | -1.62 | |
σ | Overall volatility | 0.58 | |
Ir | Information ratio | 0.12 |
ORN 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 ORN for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ORN can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ORN is way too risky over 90 days horizon | |
| ORN may become a speculative penny crypto | |
| ORN appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Marijuana Banking, Cryptocurrency Regulation May Be Combined Into Single Bill - PYMNTS.com |
ORN Technical Analysis
ORN's future price can be derived by breaking down and analyzing its technical indicators over time. ORN Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ORN. In general, you should focus on analyzing ORN Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
ORN Predictive Forecast Models
ORN's time-series forecasting models is one of many ORN'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 ORN'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 ORN
Checking the ongoing alerts about ORN for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ORN help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ORN is way too risky over 90 days horizon | |
| ORN may become a speculative penny crypto | |
| ORN appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Marijuana Banking, Cryptocurrency Regulation May Be Combined Into Single Bill - PYMNTS.com |
Check out ORN Backtesting, Portfolio Optimization, ORN Correlation, Cryptocurrency Center, ORN Volatility, ORN History as well as ORN Performance. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.