Bit Origin Stock Probability of Future Stock Price Finishing Under 0.01
| BTOG Stock | USD 1.41 0.05 3.68% |
Bit |
Bit Origin Target Price Odds to finish below 0.01
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 drop to $ 0.01 or more in 90 days |
| 1.41 | 90 days | 0.01 | near 1 |
Based on a normal probability distribution, the odds of Bit Origin to drop to $ 0.01 or more in 90 days from now is near 1 (This Bit Origin probability density function shows the probability of Bit Stock to fall within a particular range of prices over 90 days) . Probability of Bit Origin price to stay between $ 0.01 and its current price of $1.41 at the end of the 90-day period is under 4.
Given the investment horizon of 90 days Bit Origin has a beta of 0.56 suggesting as returns on the market go up, Bit Origin average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bit Origin will be expected to be much smaller as well. Additionally Bit Origin has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Bit Origin Price Density |
| Price |
Predictive Modules for Bit Origin
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 Origin. 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 Origin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bit Origin is not an exception. The market had few large corrections towards the Bit Origin'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 Origin, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bit Origin within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.27 | |
β | Beta against Dow Jones | 0.56 | |
σ | Overall volatility | 0.33 | |
Ir | Information ratio | -0.05 |
Bit Origin 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 Origin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bit Origin 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 Origin generated a negative expected return over the last 90 days | |
| Bit Origin has high historical volatility and very poor performance | |
| Bit Origin may become a speculative penny stock | |
| Bit Origin has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 6.26 M. Net Loss for the year was (28.22 M) with loss before overhead, payroll, taxes, and interest of (211.03 K). | |
| Bit Origin currently holds about 17.8 K in cash with (6.76 M) of positive cash flow from operations. | |
| Bit Origin has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Bit Origin Ltd Faces Nasdaq Compliance Challenge - TipRanks |
Bit Origin 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 Origin'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 Origin's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.3 M | |
| Cash And Short Term Investments | 16.3 K |
Bit Origin Technical Analysis
Bit Origin'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 Origin. In general, you should focus on analyzing Bit Stock price patterns and their correlations with different microeconomic environments and drivers.
Bit Origin Predictive Forecast Models
Bit Origin's time-series forecasting models is one of many Bit Origin'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 Origin'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 Origin
Checking the ongoing alerts about Bit Origin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bit Origin help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bit Origin generated a negative expected return over the last 90 days | |
| Bit Origin has high historical volatility and very poor performance | |
| Bit Origin may become a speculative penny stock | |
| Bit Origin has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 6.26 M. Net Loss for the year was (28.22 M) with loss before overhead, payroll, taxes, and interest of (211.03 K). | |
| Bit Origin currently holds about 17.8 K in cash with (6.76 M) of positive cash flow from operations. | |
| Bit Origin has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Bit Origin Ltd Faces Nasdaq Compliance Challenge - TipRanks |
Check out Bit Origin Backtesting, Bit Origin Valuation, Bit Origin Correlation, Bit Origin Hype Analysis, Bit Origin Volatility, Bit Origin History as well as Bit Origin Performance. For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Packaged Foods & Meats space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bit Origin. If investors know Bit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bit Origin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (9.28) | Revenue Per Share 2.052 | Quarterly Revenue Growth 0.402 | Return On Assets (0.35) | Return On Equity (1.46) |
The market value of Bit Origin is measured differently than its book value, which is the value of Bit that is recorded on the company's balance sheet. Investors also form their own opinion of Bit Origin's value that differs from its market value or its book value, called intrinsic value, which is Bit Origin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bit Origin's market value can be influenced by many factors that don't directly affect Bit Origin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bit Origin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bit Origin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bit Origin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.