LocalBitcoins Bitcoin (in USD) Probability of Target Price Finishing Above 10349.0

LOCALBIBTC -- Cryptlandia Crypto  

USD 11,059  371.67  3.25%

LocalBitcoins Bitcoin probability of target price tool provides mechanism to make assumptions about upside and downside potential of LocalBitcoins Bitcoin USD performance during a given time horizon utilizing its historical volatility. Please specify LocalBitcoins Bitcoin time horizon, a valid symbol (red box) and a target price (blue box) you would like LocalBitcoins Bitcoin odds to be computed. Please see also LocalBitcoins Bitcoin Backtesting, Portfolio Optimization, LocalBitcoins Bitcoin Correlation, Bitcoin Browser, LocalBitcoins Bitcoin Volatility, LocalBitcoins Bitcoin History as well as LocalBitcoins Bitcoin Performance.
Horizon     30 Days    Login   to change
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LocalBitcoins Bitcoin Target Price Odds to finish below 10349.0

Current PriceHorizonTarget PriceOdds to drop to $ 10,349  or more in 30 days
 11,059 30 days 10,349 
ABOUT 20.13%
Based on normal probability distribution, the odds of LocalBitcoins Bitcoin to drop to $ 10,349  or more in 30 days from now is about 20.13% (This LocalBitcoins Bitcoin USD probability density function shows the probability of LocalBitcoins Bitcoin Crypto to fall within a particular range of prices over 30 days) . Probability of LocalBitcoins Bitcoin USD price to stay between $ 10,349  and its current price of $11059.16 at the end of the 30-day period is about 11.59%.
Assuming 30 trading days horizon, the crypto has beta coefficient of 2.6404 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, LocalBitcoins Bitcoin will likely underperform. Additionally The company has an alpha of 0.8344 implying that it can potentially generate 0.8344% excess return over DOW after adjusting for the inherited market risk (beta).
 LocalBitcoins Bitcoin Price Density 
      Price 
α
Alpha over DOW
=0.83
β
Beta against DOW=2.64
σ
Overall volatility
=1,967
Ir
Information ratio =0.039445

LocalBitcoins Bitcoin Alerts and Suggestions

LocalBitcoins Bitcoin appears to be very risky and stock price may revert if volatility continues
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