Bit Origin Stock Market Value
| BTOG Stock | USD 1.36 0.14 9.33% |
| Symbol | Bit |
Bit Origin Price To Book Ratio
Is Packaged Foods & Meats 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 Origin. 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 Origin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (9.28) | Revenue Per Share 2.052 | Quarterly Revenue Growth 0.402 | Return On Assets (0.35) | Return On Equity (1.46) |
The market value of Bit Origin 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 Origin's value that differs from its market value or its book value, called intrinsic value, which is Bit Origin'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 Origin's market value can be influenced by many factors that don't directly affect Bit Origin'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 Origin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bit Origin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bit Origin'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 Origin '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 Origin'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 Origin.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Bit Origin on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Bit Origin or generate 0.0% return on investment in Bit Origin over 30 days. Bit Origin is related to or competes with Better Choice, Farmmi, Laird Superfood, Planet Green, Stryve Foods, and Sharing Services. Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States More
Bit Origin 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 Origin'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 Origin upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 33.17 | |||
| Value At Risk | (11.38) | |||
| Potential Upside | 11.49 |
Bit Origin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bit Origin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bit Origin's standard deviation. In reality, there are many statistical measures that can use Bit Origin historical prices to predict the future Bit Origin's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (0.16) |
Bit Origin Backtested Returns
Bit Origin secures Sharpe Ratio (or Efficiency) of -0.0518, which signifies that the company had a -0.0518% return per unit of risk over the last 3 months. Bit Origin exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bit Origin's insignificant Risk Adjusted Performance, mean deviation of 4.83, and Standard Deviation of 6.49 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bit Origin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bit Origin is expected to be smaller as well. At this point, Bit Origin has a negative expected return of -0.35%. Please make sure to confirm Bit Origin's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Bit Origin performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Bit Origin has good predictability. Overlapping area represents the amount of predictability between Bit Origin 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 Origin price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Bit Origin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Bit Origin lagged returns against current returns
Autocorrelation, which is Bit Origin 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 Origin's stock expected returns. We can calculate the autocorrelation of Bit Origin returns to help us make a trade decision. For example, suppose you find that Bit Origin 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 Origin 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 Origin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bit Origin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bit Origin stock over time.
Current vs Lagged Prices |
| Timeline |
Bit Origin Lagged Returns
When evaluating Bit Origin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bit Origin stock have on its future price. Bit Origin 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 Origin autocorrelation shows the relationship between Bit Origin stock current value and its past values and can show if there is a momentum factor associated with investing in Bit Origin.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Bit Origin is a strong investment it is important to analyze Bit Origin's 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 Bit Origin's future performance. For an informed investment choice regarding Bit Stock, refer to the following important reports:Check out Bit Origin Correlation, Bit Origin Volatility and Bit Origin Alpha and Beta module to complement your research on Bit Origin. For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Bit Origin 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.