Bit Origin Stock Price on January 30, 2024
BTOG Stock | USD 1.36 0.14 9.33% |
If you're considering investing in Bit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bit Origin stands at 1.36, as last reported on the 22nd of November, with the highest price reaching 1.64 and the lowest price hitting 1.28 during the day. Bit Origin secures Sharpe Ratio (or Efficiency) of -0.0514, which signifies that the company had a -0.0514% return per unit of risk over the last 3 months. Bit Origin exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bit Origin's Mean Deviation of 4.97, standard deviation of 6.63, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide.
Bit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bit |
Sharpe Ratio = -0.0514
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Estimated Market Risk
6.63 actual daily | 59 59% of assets are less volatile |
Expected Return
-0.34 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bit Origin 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 Bit Origin by adding Bit Origin to a well-diversified portfolio.
Bit Origin Valuation on January 30, 2024
It is possible to determine the worth of Bit Origin on a given historical date. On January 30, 2024 Bit was worth 3.7 at the beginning of the trading date compared to the closed value of 5.59. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bit Origin stock. Still, in general, we apply an absolute valuation method to find Bit Origin'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 Bit Origin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bit Origin's related companies.
Open | High | Low | Close | Volume | |
4.44 | 4.44 | 3.07 | 3.77 | 1,255,476 | |
01/30/2024 | 3.70 | 5.99 | 3.70 | 5.59 | 677,691 |
5.98 | 7.50 | 5.63 | 7.08 | 501,138 |
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Bit Origin Trading Date Momentum on January 30, 2024
On January 31 2024 Bit Origin was traded for 7.08 at the closing time. The top price for the day was 7.50 and the lowest listed price was 5.63 . The trading volume for the day was 501.1 K. The trading history from January 31, 2024 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 26.65% . The overall trading delta against the current closing price is 10.91% . |
Bit Origin Fundamentals Correlations and Trends
By evaluating Bit Origin'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 Bit Origin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bit Origin Stock history
Bit Origin 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 Bit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bit Origin 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 Bit Origin stock prices may prove useful in developing a viable investing in Bit Origin
Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. Bit Origin Ltd was incorporated in 2018 and is based in New York, New York. Bit Origin operates under Packaged Foods classification in the United States and is traded on NASDAQ Exchange. It employs 11 people.
Bit Origin Stock Technical Analysis
Bit Origin 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
Bit Origin Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Bit Origin cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Bit Origin November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Bit Origin stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bit Origin shares will generate the highest return on investment. By undertsting and applying Bit Origin stock market strength indicators, traders can identify Bit Origin entry and exit signals to maximize returns
Bit Origin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bit Origin's price direction in advance. Along with the technical and fundamental analysis of Bit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bit 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 | (0.03) | |||
Jensen Alpha | (0.49) | |||
Total Risk Alpha | (1.21) | |||
Treynor Ratio | (0.24) |
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Volume Indicators |
Complementary Tools for Bit Stock analysis
When running Bit Origin's price analysis, check to measure Bit Origin'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 Origin is operating at the current time. Most of Bit Origin's value examination focuses on studying past and present price action to predict the probability of Bit Origin'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 Origin's price. Additionally, you may evaluate how the addition of Bit Origin to your portfolios can decrease your overall portfolio volatility.
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