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

LOCALBIBTC -- Cryptlandia Crypto  

USD 13,944  1,592  12.89%

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 over 10349.0

Current PriceHorizonTarget PriceOdds to stay above $ 10,349  in 30 days
 13,944 30 days 10,349 
ABOUT 79.8%
Based on normal probability distribution, the odds of LocalBitcoins Bitcoin to stay above $ 10,349  in 30 days from now is about 79.8% (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 $13943.76 at the end of the 30-day period is about 63.75%.
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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