Bittium Oyj (Finland) Price on November 25, 2024
BITTI Stock | EUR 6.70 0.16 2.33% |
If you're considering investing in Bittium Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bittium Oyj stands at 6.70, as last reported on the 29th of November, with the highest price reaching 6.82 and the lowest price hitting 6.68 during the day. Bittium Oyj secures Sharpe Ratio (or Efficiency) of -0.0174, which signifies that the company had a -0.0174% return per unit of risk over the last 3 months. Bittium Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bittium Oyj's Mean Deviation of 1.66, standard deviation of 2.18, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide.
Bittium Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bittium |
Sharpe Ratio = -0.0174
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Estimated Market Risk
2.18 actual daily | 19 81% of assets are more volatile |
Expected Return
-0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bittium Oyj is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bittium Oyj by adding Bittium Oyj to a well-diversified portfolio.
Bittium Oyj Valuation on November 25, 2024
It is possible to determine the worth of Bittium Oyj on a given historical date. On November 25, 2024 Bittium was worth 6.94 at the beginning of the trading date compared to the closed value of 7.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bittium Oyj stock. Still, in general, we apply an absolute valuation method to find Bittium Oyj's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bittium Oyj where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bittium Oyj's related companies.
Open | High | Low | Close | Volume | |
7.04 | 7.06 | 6.88 | 6.94 | 17,909 | |
11/25/2024 | 6.94 | 7.30 | 6.86 | 7.10 | 33,929 |
7.08 | 7.08 | 6.84 | 6.86 | 17,203 |
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Bittium Oyj Trading Date Momentum on November 25, 2024
On November 26 2024 Bittium Oyj was traded for 6.86 at the closing time. The highest price during the trading period was 7.08 and the lowest recorded bid was listed for 6.84 . The volume for the day was 17.2 K. This history from November 26, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 3.38% . The overall trading delta to the current price is 3.94% . |
Bittium Oyj Fundamentals Correlations and Trends
By evaluating Bittium Oyj's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bittium Oyj's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bittium financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bittium Oyj Stock history
Bittium Oyj investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bittium is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bittium Oyj will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bittium Oyj stock prices may prove useful in developing a viable investing in Bittium Oyj
Bittium Oyj develops communications and connectivity solutions worldwide. Bittium Oyj was founded in 1985 and is headquartered in Oulu, Finland. Bittium operates under Diversified Telecommunications classification in Finland and is traded on Helsinki Exchange. It employs 680 people.
Bittium Oyj Stock Technical Analysis
Bittium Oyj technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Bittium Oyj Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Bittium Oyj cannot be verified against its exchange. Please verify the symbol is currently traded on Helsinki Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Bittium Oyj November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Bittium Oyj stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bittium Oyj shares will generate the highest return on investment. By undertsting and applying Bittium Oyj stock market strength indicators, traders can identify Bittium Oyj entry and exit signals to maximize returns
Bittium Oyj Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bittium Oyj's price direction in advance. Along with the technical and fundamental analysis of Bittium Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bittium to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0) | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.36) | |||
Treynor Ratio | (0.40) |
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Complementary Tools for Bittium Stock analysis
When running Bittium Oyj's price analysis, check to measure Bittium Oyj'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 Bittium Oyj is operating at the current time. Most of Bittium Oyj's value examination focuses on studying past and present price action to predict the probability of Bittium Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bittium Oyj's price. Additionally, you may evaluate how the addition of Bittium Oyj to your portfolios can decrease your overall portfolio volatility.
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