Bitfarms Stock Market Value
| BITF Stock | USD 2.05 0.06 2.84% |
| Symbol | Bitfarms |
Bitfarms Price To Book Ratio
Is Asset Management & Custody Banks 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 Bitfarms. If investors know Bitfarms 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 Bitfarms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.38) | Revenue Per Share 0.493 | Quarterly Revenue Growth 0.296 | Return On Assets (0.13) | Return On Equity (0.31) |
The market value of Bitfarms is measured differently than its book value, which is the value of Bitfarms that is recorded on the company's balance sheet. Investors also form their own opinion of Bitfarms' value that differs from its market value or its book value, called intrinsic value, which is Bitfarms' 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 Bitfarms' market value can be influenced by many factors that don't directly affect Bitfarms' 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 Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' 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.
Bitfarms '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 Bitfarms' 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 Bitfarms.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Bitfarms on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Bitfarms or generate 0.0% return on investment in Bitfarms over 30 days. Bitfarms is related to or competes with PowerUp Acquisition, Aurora Innovation, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America More
Bitfarms 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 Bitfarms' 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 Bitfarms upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.35 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 33.47 | |||
| Value At Risk | (7.05) | |||
| Potential Upside | 10.16 |
Bitfarms Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitfarms' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitfarms' standard deviation. In reality, there are many statistical measures that can use Bitfarms historical prices to predict the future Bitfarms' volatility.| Risk Adjusted Performance | 0.0178 | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.89) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0143 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bitfarms' 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.
Bitfarms Backtested Returns
At this point, Bitfarms is dangerous. Bitfarms secures Sharpe Ratio (or Efficiency) of 0.0154, which signifies that the company had a 0.0154% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bitfarms, which you can use to evaluate the volatility of the firm. Please confirm Bitfarms' Mean Deviation of 4.64, downside deviation of 5.35, and Risk Adjusted Performance of 0.0178 to double-check if the risk estimate we provide is consistent with the expected return of 0.0927%. Bitfarms has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 4.31, 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, Bitfarms will likely underperform. Bitfarms right now shows a risk of 6.03%. Please confirm Bitfarms semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Bitfarms will be following its price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
Bitfarms has very weak reverse predictability. Overlapping area represents the amount of predictability between Bitfarms time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bitfarms price movement. The serial correlation of -0.03 indicates that only 3.0% of current Bitfarms price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Bitfarms lagged returns against current returns
Autocorrelation, which is Bitfarms 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 Bitfarms' stock expected returns. We can calculate the autocorrelation of Bitfarms returns to help us make a trade decision. For example, suppose you find that Bitfarms 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 |
Bitfarms 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 Bitfarms stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitfarms stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitfarms stock over time.
Current vs Lagged Prices |
| Timeline |
Bitfarms Lagged Returns
When evaluating Bitfarms' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitfarms stock have on its future price. Bitfarms 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, Bitfarms autocorrelation shows the relationship between Bitfarms stock current value and its past values and can show if there is a momentum factor associated with investing in Bitfarms.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:Check out Bitfarms Correlation, Bitfarms Volatility and Bitfarms Alpha and Beta module to complement your research on Bitfarms. For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Bitfarms 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.