BTC Digital Ltd. Sees Large Growth in Short Interest
| BTCT Stock | 15.88 0.03 0.19% |
Slightly above 55% of BTC Digital's private investors are presently thinking to get in. The analysis of overall sentiment of trading BTC Digital stock suggests that some investors are interested at this time. BTC Digital's investing sentiment can be driven by a variety of factors including economic data, BTC Digital's earnings reports, geopolitical events, and overall market trends.
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BTC Digital Ltd. was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 12,900 shares, a growth of 79.2 percent from the October 15th total of 7,200 shares. Based on an average trading volume of 64,100 shares,
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BTC Digital Fundamental Analysis
We analyze BTC Digital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BTC Digital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BTC Digital based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
BTC Digital is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
BTC Digital Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BTC Digital stock to make a market-neutral strategy. Peer analysis of BTC Digital could also be used in its relative valuation, which is a method of valuing BTC Digital by comparing valuation metrics with similar companies.
Peers
BTC Digital Related Equities
| LOMLF | Lion One | 5.00 | ||||
| FSI | Flexible Solutions | 2.47 | ||||
| NB | NioCorp Developments | 1.53 | ||||
| PMNXF | Perseus Mining | 0.60 | ||||
| ECL | Ecolab | 0.43 |
Additional Tools for BTC Stock Analysis
When running BTC Digital's price analysis, check to measure BTC 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 BTC Digital is operating at the current time. Most of BTC Digital's value examination focuses on studying past and present price action to predict the probability of BTC 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 BTC Digital's price. Additionally, you may evaluate how the addition of BTC Digital to your portfolios can decrease your overall portfolio volatility.