Bitech Technologies Stock Market Value
| BTTC Stock | USD 0.07 0.01 12.50% |
| Symbol | Bitech |
Bitech 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 Bitech Technologies' otc 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 Bitech Technologies.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Bitech Technologies on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Bitech Technologies or generate 0.0% return on investment in Bitech Technologies over 30 days. Bitech Technologies is related to or competes with Waldencast Acquisition, Alkami Technology, ADEIA P, Paycor HCM, Bentley Systems, Appfolio, and Workiva. Bitech Technologies Corporation provides a suite of revolutionary electrical power generation technologies to the crypto... More
Bitech 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 Bitech Technologies' otc 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 Bitech Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.5 | |||
| Information Ratio | 0.0079 | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Bitech Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitech Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitech Technologies' standard deviation. In reality, there are many statistical measures that can use Bitech Technologies historical prices to predict the future Bitech Technologies' volatility.| Risk Adjusted Performance | 0.0309 | |||
| Jensen Alpha | 0.118 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | 0.0049 | |||
| Treynor Ratio | 0.4231 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bitech 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.
Bitech Technologies Backtested Returns
Bitech Technologies appears to be out of control, given 3 months investment horizon. Bitech Technologies secures Sharpe Ratio (or Efficiency) of 0.0489, which signifies that the company had a 0.0489% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Bitech Technologies, which you can use to evaluate the volatility of the firm. Please makes use of Bitech Technologies' Risk Adjusted Performance of 0.0309, mean deviation of 2.94, and Downside Deviation of 9.5 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bitech Technologies holds a performance score of 3. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bitech Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Bitech Technologies is expected to be smaller as well. Please check Bitech Technologies' maximum drawdown and the relationship between the semi variance and price action indicator , to make a quick decision on whether Bitech Technologies' price patterns will revert.
Auto-correlation | 0.24 |
Weak predictability
Bitech Technologies has weak predictability. Overlapping area represents the amount of predictability between Bitech Technologies time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Bitech Technologies price movement. The serial correlation of 0.24 indicates that over 24.0% of current Bitech Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bitech Technologies lagged returns against current returns
Autocorrelation, which is Bitech Technologies otc 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 Bitech Technologies' otc stock expected returns. We can calculate the autocorrelation of Bitech Technologies returns to help us make a trade decision. For example, suppose you find that Bitech Technologies has exhibited high autocorrelation historically, and you observe that the otc 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 |
Bitech 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 Bitech Technologies otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitech Technologies otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitech Technologies otc stock over time.
Current vs Lagged Prices |
| Timeline |
Bitech Technologies Lagged Returns
When evaluating Bitech Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitech Technologies otc stock have on its future price. Bitech 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, Bitech Technologies autocorrelation shows the relationship between Bitech Technologies otc stock current value and its past values and can show if there is a momentum factor associated with investing in Bitech Technologies.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Bitech OTC Stock
Bitech Technologies financial ratios help investors to determine whether Bitech OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bitech with respect to the benefits of owning Bitech Technologies security.