Bit Origin Stock Performance
| BTOG Stock | USD 1.36 0.14 9.33% |
The firm shows a Beta (market volatility) of 0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bit Origin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bit Origin is expected to be smaller as well. At this point, Bit Origin has a negative expected return of -0.34%. Please make sure to confirm Bit Origin's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Bit Origin performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Bit Origin has generated negative risk-adjusted returns adding no value to investors with long positions. Despite conflicting performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
Last Split Factor 1:30 | Last Split Date 2023-05-30 |
1 | Bit Origin Ltd Announces Receipt of Delinquency Notification Letter From Nasdaq Relating to ... | 11/21/2024 |
| Begin Period Cash Flow | 17.8 K |
Bit |
Bit Origin Relative Risk vs. Return Landscape
If you would invest 195.00 in Bit Origin on August 24, 2024 and sell it today you would lose (59.00) from holding Bit Origin or give up 30.26% of portfolio value over 90 days. Bit Origin is currently does not generate positive expected returns and assumes 6.6282% risk (volatility on return distribution) over the 90 days horizon. In different words, 59% of stocks are less volatile than Bit, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Bit Origin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bit Origin's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Bit Origin, and traders can use it to determine the average amount a Bit Origin's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0514
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BTOG |
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 Fundamentals Growth
Bit Stock prices reflect investors' perceptions of the future prospects and financial health of Bit Origin, and Bit Origin fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Bit Stock performance.
| Return On Equity | -1.46 | ||||
| Return On Asset | -0.35 | ||||
| Operating Margin | (2.34) % | ||||
| Current Valuation | 8.35 M | ||||
| Shares Outstanding | 8.07 M | ||||
| Price To Book | 1.23 X | ||||
| Price To Sales | 1.55 X | ||||
| Revenue | 6.26 M | ||||
| Gross Profit | (211.03 K) | ||||
| EBITDA | (22.63 M) | ||||
| Net Income | (28.22 M) | ||||
| Cash And Equivalents | 17.8 K | ||||
| Total Debt | 2.08 M | ||||
| Current Ratio | 19.18 X | ||||
| Book Value Per Share | 1.60 X | ||||
| Cash Flow From Operations | (6.76 M) | ||||
| Earnings Per Share | (9.28) X | ||||
| Market Capitalization | 10.97 M | ||||
| Total Asset | 13.34 M | ||||
| Retained Earnings | (64.2 M) | ||||
| Working Capital | 984.5 K | ||||
About Bit Origin Performance
By analyzing Bit Origin's fundamental ratios, stakeholders can gain valuable insights into Bit Origin's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Bit Origin has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Bit Origin has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 954.82 | 1,003 | |
| Return On Tangible Assets | (2.43) | (2.31) | |
| Return On Capital Employed | (3.03) | (2.88) | |
| Return On Assets | (2.43) | (2.31) | |
| Return On Equity | (3.16) | (3.00) |
Things to note about Bit Origin performance evaluation
Checking the ongoing alerts about Bit Origin for important developments is a great way to find new opportunities for your next move. 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. | |
| Latest headline from gurufocus.com: Bit Origin Ltd Announces Receipt of Delinquency Notification Letter From Nasdaq Relating to ... |
- Analyzing Bit Origin's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Bit Origin's stock is overvalued or undervalued compared to its peers.
- Examining Bit Origin's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Bit Origin's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bit Origin's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Bit Origin's stock. These opinions can provide insight into Bit Origin's potential for growth and whether the stock is currently undervalued or overvalued.
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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