Bit Digital Stock Probability of Future Stock Price Finishing Over 0.61
| BTBT Stock | USD 4.47 0.16 3.71% |
Closest to current price Bit long CALL Option Payoff at Expiration
Bit |
Bit Digital Target Price Odds to finish over 0.61
The tendency of Bit Stock 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 $ 0.61 in 90 days |
| 4.47 | 90 days | 0.61 | close to 99 |
Based on a normal probability distribution, the odds of Bit Digital to stay above $ 0.61 in 90 days from now is close to 99 (This Bit Digital probability density function shows the probability of Bit Stock to fall within a particular range of prices over 90 days) . Probability of Bit Digital price to stay between $ 0.61 and its current price of $4.47 at the end of the 90-day period is about 84.48 .
Given the investment horizon of 90 days the stock has the beta coefficient of 4.06 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Bit Digital will likely underperform. Additionally Bit Digital has an alpha of 0.4633, implying that it can generate a 0.46 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bit Digital Price Density |
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Predictive Modules for Bit Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bit Digital. Regardless of method or technology, however, to accurately forecast the stock 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.Bit Digital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bit Digital is not an exception. The market had few large corrections towards the Bit Digital'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 Bit Digital, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bit Digital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.46 | |
β | Beta against Dow Jones | 4.06 | |
σ | Overall volatility | 0.66 | |
Ir | Information ratio | 0.11 |
Bit Digital 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 Bit Digital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bit Digital can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bit Digital is way too risky over 90 days horizon | |
| Bit Digital appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 44.92 M. Net Loss for the year was (13.89 M) with profit before overhead, payroll, taxes, and interest of 65.34 M. | |
| Bit Digital has a poor financial position based on the latest SEC disclosures | |
| Latest headline from zacks.com: Wall Street Analysts Think Bit Digital Is a Good Investment Is It |
Bit Digital Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Bit Stock often depends not only on the future outlook of the current and potential Bit Digital's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Bit Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 87.5 M | |
| Cash And Short Term Investments | 64.8 M |
Bit Digital Technical Analysis
Bit Digital's future price can be derived by breaking down and analyzing its technical indicators over time. Bit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bit Digital. In general, you should focus on analyzing Bit Stock price patterns and their correlations with different microeconomic environments and drivers.
Bit Digital Predictive Forecast Models
Bit Digital's time-series forecasting models is one of many Bit Digital's stock 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 Bit Digital'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 stock market movement and maximize returns from investment trading.
Things to note about Bit Digital
Checking the ongoing alerts about Bit Digital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bit Digital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bit Digital is way too risky over 90 days horizon | |
| Bit Digital appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 44.92 M. Net Loss for the year was (13.89 M) with profit before overhead, payroll, taxes, and interest of 65.34 M. | |
| Bit Digital has a poor financial position based on the latest SEC disclosures | |
| Latest headline from zacks.com: Wall Street Analysts Think Bit Digital Is a Good Investment Is It |
Additional Tools for Bit Stock Analysis
When running Bit Digital's price analysis, check to measure Bit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.