Bitmine Immersion Technologies Stock Price on August 26, 2024
| BMNR Stock | USD 0.37 0.07 23.33% |
If you're considering investing in Bitmine Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Bitmine Immersion stands at 0.37, as last reported on the 22nd of November, with the highest price reaching 0.37 and the lowest price hitting 0.37 during the day. Bitmine Immersion is out of control given 3 months investment horizon. Bitmine Immersion secures Sharpe Ratio (or Efficiency) of 0.0782, which signifies that the company had a 0.0782% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.54% are justified by taking the suggested risk. Use Bitmine Immersion Risk Adjusted Performance of 0.0786, mean deviation of 10.55, and Downside Deviation of 28.76 to evaluate company specific risk that cannot be diversified away.
Bitmine Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Bitmine |
Sharpe Ratio = 0.0782
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Estimated Market Risk
| 19.72 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.54 actual daily | 30 70% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Bitmine Immersion is performing at about 6% of its full potential. 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 Bitmine Immersion by adding it to a well-diversified portfolio.
Bitmine Immersion Valuation on August 26, 2024
It is possible to determine the worth of Bitmine Immersion on a given historical date. On August 26, 2024 Bitmine was worth 0.45 at the beginning of the trading date compared to the closed value of 0.58. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bitmine Immersion pink sheet. Still, in general, we apply an absolute valuation method to find Bitmine Immersion'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 Bitmine Immersion where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bitmine Immersion's related companies.
| Open | High | Low | Close | Volume | |
| 0.48 | 0.48 | 0.48 | 0.48 | 1.00 | |
08/26/2024 | 0.45 | 0.58 | 0.45 | 0.58 | 600.00 |
| 0.47 | 0.58 | 0.47 | 0.58 | 300.00 |
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Bitmine Immersion Trading Date Momentum on August 26, 2024
| On August 27 2024 Bitmine Immersion Technologies was traded for 0.58 at the closing time. The top price for the day was 0.58 and the lowest listed price was 0.47 . The trading volume for the day was 300. The trading history from August 27, 2024 did not affect price variability. The overall trading delta against the current closing price is 17.24% . |
Bitmine Immersion Fundamentals Correlations and Trends
By evaluating Bitmine Immersion'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 Bitmine Immersion's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bitmine financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bitmine Immersion Pink Sheet history
Bitmine Immersion 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 Bitmine is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bitmine Immersion 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 Bitmine Immersion stock prices may prove useful in developing a viable investing in Bitmine Immersion
Bitmine Immersion Technologies, Inc. operates as a blockchain technology company in the United States. Bitmine Immersion Technologies, Inc. was founded in 1995 and is based in Atlanta, Georgia. Bitmine Immersion operates under Electronic Components classification in the United States and is traded on OTC Exchange. It employs 2 people.
Bitmine Immersion Pink Sheet Technical Analysis
Bitmine Immersion technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Bitmine Immersion Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
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Bitmine Immersion November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Bitmine Immersion pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bitmine Immersion shares will generate the highest return on investment. By undertsting and applying Bitmine Immersion pink sheet market strength indicators, traders can identify Bitmine Immersion Technologies entry and exit signals to maximize returns
Bitmine Immersion Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bitmine Immersion's price direction in advance. Along with the technical and fundamental analysis of Bitmine Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bitmine 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 | 0.0786 | |||
| Jensen Alpha | 1.28 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0573 | |||
| Treynor Ratio | 0.3748 |
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Additional Tools for Bitmine Pink Sheet Analysis
When running Bitmine Immersion's price analysis, check to measure Bitmine Immersion'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 Bitmine Immersion is operating at the current time. Most of Bitmine Immersion's value examination focuses on studying past and present price action to predict the probability of Bitmine Immersion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitmine Immersion's price. Additionally, you may evaluate how the addition of Bitmine Immersion to your portfolios can decrease your overall portfolio volatility.