Bitdeer Technologies Group Stock Market Value
| BTDR Stock | 14.27 2.04 16.68% |
| Symbol | Bitdeer |
Bitdeer Technologies 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 Bitdeer Technologies. If investors know Bitdeer 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 Bitdeer Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.56) | Revenue Per Share 3.63 | Quarterly Revenue Growth 0.058 | Return On Assets (0.02) | Return On Equity (0.06) |
The market value of Bitdeer Technologies is measured differently than its book value, which is the value of Bitdeer that is recorded on the company's balance sheet. Investors also form their own opinion of Bitdeer Technologies' value that differs from its market value or its book value, called intrinsic value, which is Bitdeer Technologies' 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 Bitdeer Technologies' market value can be influenced by many factors that don't directly affect Bitdeer Technologies' 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 Bitdeer Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitdeer Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitdeer Technologies' 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.
Bitdeer Technologies '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 Bitdeer Technologies' 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 Bitdeer Technologies.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Bitdeer Technologies on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Bitdeer Technologies Group or generate 0.0% return on investment in Bitdeer Technologies over 30 days. Bitdeer Technologies is related to or competes with Xponential Fitness, Olympic Steel, Maanshan Iron, Algoma Steel, Sonida Senior, Merit Medical, and RadNet. Bitdeer Technologies is entity of United States More
Bitdeer Technologies 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 Bitdeer Technologies' 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 Bitdeer Technologies Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.89 | |||
| Information Ratio | 0.179 | |||
| Maximum Drawdown | 36.05 | |||
| Value At Risk | (9.49) | |||
| Potential Upside | 10.19 |
Bitdeer Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitdeer Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitdeer Technologies' standard deviation. In reality, there are many statistical measures that can use Bitdeer Technologies historical prices to predict the future Bitdeer Technologies' volatility.| Risk Adjusted Performance | 0.1605 | |||
| Jensen Alpha | 0.8899 | |||
| Total Risk Alpha | 0.2137 | |||
| Sortino Ratio | 0.2172 | |||
| Treynor Ratio | 0.3477 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bitdeer Technologies' 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.
Bitdeer Technologies Backtested Returns
Bitdeer Technologies is slightly risky given 3 months investment horizon. Bitdeer Technologies secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.63% are justified by taking the suggested risk. Use Bitdeer Technologies Downside Deviation of 5.89, mean deviation of 5.27, and Risk Adjusted Performance of 0.1605 to evaluate company specific risk that cannot be diversified away. Bitdeer Technologies holds a performance score of 17 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 4.04, 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, Bitdeer Technologies will likely underperform. Use Bitdeer Technologies value at risk, as well as the relationship between the skewness and day median price , to analyze future returns on Bitdeer Technologies.
Auto-correlation | 0.38 |
Below average predictability
Bitdeer Technologies Group has below average predictability. Overlapping area represents the amount of predictability between Bitdeer Technologies time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Bitdeer Technologies price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Bitdeer Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Bitdeer Technologies lagged returns against current returns
Autocorrelation, which is Bitdeer Technologies 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 Bitdeer Technologies' stock expected returns. We can calculate the autocorrelation of Bitdeer Technologies returns to help us make a trade decision. For example, suppose you find that Bitdeer Technologies 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 |
Bitdeer Technologies 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 Bitdeer Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitdeer Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitdeer Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Bitdeer Technologies Lagged Returns
When evaluating Bitdeer Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitdeer Technologies stock have on its future price. Bitdeer Technologies 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, Bitdeer Technologies autocorrelation shows the relationship between Bitdeer Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Bitdeer Technologies Group.
Regressed Prices |
| Timeline |
Pair Trading with Bitdeer Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitdeer Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitdeer Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Bitdeer Stock
| 0.84 | DJCO | Daily Journal Corp | PairCorr |
| 0.87 | AI | C3 Ai Inc Earnings Call This Week | PairCorr |
| 0.85 | BL | Blackline | PairCorr |
Moving against Bitdeer Stock
The ability to find closely correlated positions to Bitdeer Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitdeer Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitdeer Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitdeer Technologies Group to buy it.
The correlation of Bitdeer Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitdeer Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitdeer Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bitdeer Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Bitdeer Stock Analysis
When running Bitdeer Technologies' price analysis, check to measure Bitdeer Technologies' 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 Bitdeer Technologies is operating at the current time. Most of Bitdeer Technologies' value examination focuses on studying past and present price action to predict the probability of Bitdeer Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitdeer Technologies' price. Additionally, you may evaluate how the addition of Bitdeer Technologies to your portfolios can decrease your overall portfolio volatility.