Phala Network Probability of Future Crypto Coin Price Finishing Over 0.12
| PHA Crypto | USD 0.12 0.01 9.09% |
Phala |
Phala Network Target Price Odds to finish over 0.12
The tendency of Phala 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 move above the current price in 90 days |
| 0.12 | 90 days | 0.12 | about 1.03 |
Based on a normal probability distribution, the odds of Phala Network to move above the current price in 90 days from now is about 1.03 (This Phala Network probability density function shows the probability of Phala Crypto Coin to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Phala Network has a beta of -0.33 indicating as returns on benchmark increase, returns on holding Phala Network are expected to decrease at a much lower rate. During the bear market, however, Phala Network is likely to outperform the market. Additionally The company has an alpha of 0.5168, implying that it can generate a 0.52 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Phala Network Price Density |
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Predictive Modules for Phala Network
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Phala Network. 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 Phala Network'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 Phala Network in the context of predictive analytics.
Phala Network Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Phala Network is not an exception. The market had few large corrections towards the Phala Network'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 Phala Network, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Phala Network within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.52 | |
β | Beta against NYSE Composite | -0.33 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.09 |
Phala Network 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 Phala Network for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Phala Network can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Phala Network had very high historical volatility over the last 90 days | |
| Phala Network has some characteristics of a very speculative cryptocurrency |
Phala Network Technical Analysis
Phala Network's future price can be derived by breaking down and analyzing its technical indicators over time. Phala Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Phala Network. In general, you should focus on analyzing Phala Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
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| Volume Indicators |
Phala Network Predictive Forecast Models
Phala Network's time-series forecasting models is one of many Phala Network'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 Phala Network'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 Phala Network
Checking the ongoing alerts about Phala Network for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Phala Network help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Phala Network had very high historical volatility over the last 90 days | |
| Phala Network has some characteristics of a very speculative cryptocurrency |
Check out Phala Network Backtesting, Portfolio Optimization, Phala Network Correlation, Cryptocurrency Center, Phala Network Volatility, Phala Network History as well as Phala Network Performance. Note that the Phala Network information on this page should be used as a complementary analysis to other Phala Network's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Phala Crypto Coin analysis
When running Phala Network's price analysis, check to measure Phala Network's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Phala Network is operating at the current time. Most of Phala Network's value examination focuses on studying past and present price actions to predict the probability of Phala Network's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Phala Network's coin price. Additionally, you may evaluate how adding Phala Network to your portfolios can decrease your overall portfolio volatility.
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| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |