Bit Mining Stock Market Value
| BTCM Stock | USD 2.79 0.05 1.76% |
| Symbol | BIT |
BIT Mining 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 Mining. 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 Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.00) | Revenue Per Share 3.712 | Quarterly Revenue Growth (0.87) | Return On Assets (0.19) | Return On Equity (0.43) |
The market value of BIT Mining 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 Mining's value that differs from its market value or its book value, called intrinsic value, which is BIT Mining'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 Mining's market value can be influenced by many factors that don't directly affect BIT Mining'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 Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if BIT Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BIT Mining'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 Mining '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 Mining'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 Mining.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in BIT Mining on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding BIT Mining or generate 0.0% return on investment in BIT Mining over 30 days. BIT Mining is related to or competes with VNET Group, GDS Holdings, CLARIVATE PLC, CACI International, ExlService Holdings, Gartner, and BigBearai Holdings. BIT Mining Limited operates as a cryptocurrency mining company More
BIT Mining 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 Mining'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 Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | 0.055 | |||
| Maximum Drawdown | 26.91 | |||
| Value At Risk | (6.60) | |||
| Potential Upside | 11.66 |
BIT Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BIT Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BIT Mining's standard deviation. In reality, there are many statistical measures that can use BIT Mining historical prices to predict the future BIT Mining's volatility.| Risk Adjusted Performance | 0.0668 | |||
| Jensen Alpha | 0.0536 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0727 | |||
| Treynor Ratio | 0.1158 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BIT Mining's 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.
BIT Mining Backtested Returns
BIT Mining appears to be very risky, given 3 months investment horizon. BIT Mining secures Sharpe Ratio (or Efficiency) of 0.0569, which signifies that the company had a 0.0569% return per unit of volatility over the last 3 months. We have found thirty technical indicators for BIT Mining, which you can use to evaluate the volatility of the firm. Please makes use of BIT Mining's mean deviation of 3.73, and Risk Adjusted Performance of 0.0668 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BIT Mining holds a performance score of 4. The firm shows a Beta (market volatility) of 3.3, 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 Mining will likely underperform. Please check BIT Mining's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether BIT Mining's price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
BIT Mining has very weak reverse predictability. Overlapping area represents the amount of predictability between BIT Mining 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 Mining price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current BIT Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
BIT Mining lagged returns against current returns
Autocorrelation, which is BIT Mining 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 Mining's stock expected returns. We can calculate the autocorrelation of BIT Mining returns to help us make a trade decision. For example, suppose you find that BIT Mining 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 Mining 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 Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BIT Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BIT Mining stock over time.
Current vs Lagged Prices |
| Timeline |
BIT Mining Lagged Returns
When evaluating BIT Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BIT Mining stock have on its future price. BIT Mining 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 Mining autocorrelation shows the relationship between BIT Mining stock current value and its past values and can show if there is a momentum factor associated with investing in BIT Mining.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out BIT Mining Correlation, BIT Mining Volatility and BIT Mining Alpha and Beta module to complement your research on BIT Mining. To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
BIT Mining 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.