Bit Digital Stock Market Value
| BTBT Stock | USD 3.99 0.06 1.48% |
| Symbol | Bit |
Bit Digital Price To Book Ratio
Is Application Software 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 Bit Digital. If investors know Bit 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 Bit Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.03) | Revenue Per Share 0.813 | Quarterly Revenue Growth 2.203 | Return On Assets (0.04) | Return On Equity 0.1495 |
The market value of Bit Digital is measured differently than its book value, which is the value of Bit that is recorded on the company's balance sheet. Investors also form their own opinion of Bit Digital's value that differs from its market value or its book value, called intrinsic value, which is Bit Digital's 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 Bit Digital's market value can be influenced by many factors that don't directly affect Bit Digital's 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 Bit Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bit Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bit Digital's 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.
Bit Digital '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 Bit Digital's 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 Bit Digital.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Bit Digital on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Bit Digital or generate 0.0% return on investment in Bit Digital over 30 days. Bit Digital is related to or competes with Hut 8, HIVE Blockchain, CleanSpark, Terawulf, Marathon Digital, Bitfarms, and Riot Blockchain. Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business More
Bit Digital 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 Bit Digital's 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 Bit Digital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.72 | |||
| Information Ratio | 0.0299 | |||
| Maximum Drawdown | 42.28 | |||
| Value At Risk | (8.01) | |||
| Potential Upside | 10.98 |
Bit Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bit Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bit Digital's standard deviation. In reality, there are many statistical measures that can use Bit Digital historical prices to predict the future Bit Digital's volatility.| Risk Adjusted Performance | 0.0442 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.0348 | |||
| Treynor Ratio | 0.0676 |
Bit Digital Backtested Returns
Bit Digital appears to be very risky, given 3 months investment horizon. Bit Digital secures Sharpe Ratio (or Efficiency) of 0.0495, which signifies that the company had a 0.0495% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bit Digital, which you can use to evaluate the volatility of the firm. Please makes use of Bit Digital's Downside Deviation of 5.72, mean deviation of 4.87, and Risk Adjusted Performance of 0.0442 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bit Digital holds a performance score of 3. The firm shows a Beta (market volatility) of 4.41, 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, Bit Digital will likely underperform. Please check Bit Digital's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Bit Digital's price patterns will revert.
Auto-correlation | 0.46 |
Average predictability
Bit Digital has average predictability. Overlapping area represents the amount of predictability between Bit Digital time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Bit Digital price movement. The serial correlation of 0.46 indicates that about 46.0% of current Bit Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Bit Digital lagged returns against current returns
Autocorrelation, which is Bit Digital 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 Bit Digital's stock expected returns. We can calculate the autocorrelation of Bit Digital returns to help us make a trade decision. For example, suppose you find that Bit Digital 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 |
Bit Digital 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 Bit Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bit Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bit Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Bit Digital Lagged Returns
When evaluating Bit Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bit Digital stock have on its future price. Bit Digital 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, Bit Digital autocorrelation shows the relationship between Bit Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Bit Digital.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Bit Stock Analysis
When running Bit Digital's price analysis, check to measure Bit 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 Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit 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 Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.