Bit Digital statistic functions tool provides the execution environment for running the Beta function and other technical functions against Bit Digital. Bit Digital value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Bit Digital statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Bit Digital correlated with the market. If Beta is less than 0 Bit Digital generally moves in the opposite direction as compared to the market. If Bit Digital Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bit Digital is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bit Digital is generally in the same direction as the market. If Beta > 1 Bit Digital moves generally in the same direction as, but more than the movement of the benchmark.
Bit Digital Technical Analysis Modules
Most technical analysis of Bit Digital help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Bit from various momentum indicators to cycle indicators. When you analyze Bit charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bit Digital. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bit Digital based on widely used predictive technical indicators. In general, we focus on analyzing Bit Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bit Digital's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Bit Digital's intrinsic value. In addition to deriving basic predictive indicators for Bit Digital, we also check how macroeconomic factors affect Bit Digital price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bit Digital. Your research has to be compared to or analyzed against Bit Digital's peers to derive any actionable benefits. When done correctly, Bit Digital's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bit Digital.
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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.