Abits Group Stock Market Value
| ABTS Stock | 0.42 0.00 0.000002% |
| Symbol | Abits |
Abits Group Price To Book Ratio
Is Advertising space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Abits. If investors know Abits will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Abits listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.26) | Revenue Per Share | Quarterly Revenue Growth 503.624 | Return On Assets | Return On Equity |
The market value of Abits Group is measured differently than its book value, which is the value of Abits that is recorded on the company's balance sheet. Investors also form their own opinion of Abits' value that differs from its market value or its book value, called intrinsic value, which is Abits' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Abits' market value can be influenced by many factors that don't directly affect Abits' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Abits' value and its price as these two are different measures arrived at by different means. Investors typically determine if Abits is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abits' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Abits 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Abits' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Abits.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Abits on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Abits Group or generate 0.0% return on investment in Abits over 720 days. Abits is related to or competes with NiSource, Aris Water, Antero Midstream, National Rural, SNDL, United Utilities, and Vita Coco. Abits is entity of United States. It is traded as Stock on NASDAQ exchange. More
Abits Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Abits' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Abits Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 58.04 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 11.32 |
Abits Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abits' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abits' standard deviation. In reality, there are many statistical measures that can use Abits historical prices to predict the future Abits' volatility.| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Abits' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Abits Group Backtested Returns
Abits Group secures Sharpe Ratio (or Efficiency) of -0.0108, which signifies that the company had a -0.0108 % return per unit of risk over the last 3 months. Abits Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Abits' Mean Deviation of 6.59, risk adjusted performance of 0.0013, and Standard Deviation of 9.34 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.43, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Abits will likely underperform. At this point, Abits Group has a negative expected return of -0.0972%. Please make sure to confirm Abits' treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Abits Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Abits Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Abits time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Abits Group price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Abits price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Abits Group lagged returns against current returns
Autocorrelation, which is Abits stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Abits' stock expected returns. We can calculate the autocorrelation of Abits returns to help us make a trade decision. For example, suppose you find that Abits has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Abits regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Abits stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abits stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abits stock over time.
Current vs Lagged Prices |
| Timeline |
Abits Lagged Returns
When evaluating Abits' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abits stock have on its future price. Abits autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Abits autocorrelation shows the relationship between Abits stock current value and its past values and can show if there is a momentum factor associated with investing in Abits Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Abits Stock Analysis
When running Abits' price analysis, check to measure Abits' 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 Abits is operating at the current time. Most of Abits' value examination focuses on studying past and present price action to predict the probability of Abits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abits' price. Additionally, you may evaluate how the addition of Abits to your portfolios can decrease your overall portfolio volatility.