Bitfarms Stock Performance
| BITF Stock | 2.87 0.09 3.04% |
Bitfarms has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.99, 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, Bitfarms will likely underperform. Bitfarms right now shows a risk of 5.77%. Please confirm Bitfarms total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Bitfarms will be following its price patterns.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Bitfarms are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Bitfarms may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | Is Bitfarms Ltd. The Best Bitcoin and Blockchain Stock To Buy According to Analysts - Yahoo Finance | 08/30/2024 |
2 | Bitcoin Miner Bitfarms, Frontier Communications, and More Stocks See Action From Activist Investors - Barrons | 09/13/2024 |
3 | Bitfarms agrees to board changes in settlement with Riot Platforms - Seeking Alpha | 09/23/2024 |
4 | Bitfarms Provides September 2024 Production and Operations Update - StockTitan | 10/01/2024 |
5 | Bitfarms Ltd. Stock Dips While Market Gains Key Facts - Yahoo Finance | 11/08/2024 |
6 | Analyst reiterates Buy rating on Bitfarms stock despite selloff - crypto.news | 11/14/2024 |
| Begin Period Cash Flow | 30.9 M |
Bitfarms |
Bitfarms Relative Risk vs. Return Landscape
If you would invest 290.00 in Bitfarms on August 28, 2024 and sell it today you would lose (3.00) from holding Bitfarms or give up 1.03% of portfolio value over 90 days. Bitfarms is generating 0.1447% of daily returns and assumes 5.7706% volatility on return distribution over the 90 days horizon. Simply put, 51% of stocks are less volatile than Bitfarms, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Bitfarms Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitfarms' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Bitfarms, and traders can use it to determine the average amount a Bitfarms' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0251
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| Cash | Small Risk | Average Risk | BITF | Huge Risk |
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Estimated Market Risk
| 5.77 actual daily | 51 51% of assets are less volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 1 99% of assets perform better |
Based on monthly moving average Bitfarms is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bitfarms by adding it to a well-diversified portfolio.
Bitfarms Fundamentals Growth
Bitfarms Stock prices reflect investors' perceptions of the future prospects and financial health of Bitfarms, and Bitfarms fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Bitfarms Stock performance.
| Return On Equity | -0.31 | ||||
| Return On Asset | -0.13 | ||||
| Profit Margin | (0.68) % | ||||
| Operating Margin | (0.88) % | ||||
| Current Valuation | 1.19 B | ||||
| Shares Outstanding | 472.5 M | ||||
| Price To Book | 1.90 X | ||||
| Price To Sales | 7.41 X | ||||
| Revenue | 146.37 M | ||||
| Gross Profit | 10.52 M | ||||
| EBITDA | 19.31 M | ||||
| Net Income | (104.04 M) | ||||
| Cash And Equivalents | 125.59 M | ||||
| Total Debt | 19.87 M | ||||
| Book Value Per Share | 1.14 X | ||||
| Cash Flow From Operations | 23.6 M | ||||
| Earnings Per Share | (0.53) X | ||||
| Market Capitalization | 1.36 B | ||||
| Total Asset | 378.73 M | ||||
| Retained Earnings | (294.92 M) | ||||
| Working Capital | 60.83 M | ||||
About Bitfarms Performance
By examining Bitfarms' fundamental ratios, stakeholders can obtain critical insights into Bitfarms' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Bitfarms is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 1.53 | 1.46 | |
| Return On Tangible Assets | (0.28) | (0.29) | |
| Return On Capital Employed | (0.23) | (0.24) | |
| Return On Assets | (0.27) | (0.29) | |
| Return On Equity | (0.35) | (0.37) |
Things to note about Bitfarms performance evaluation
Checking the ongoing alerts about Bitfarms for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Bitfarms help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Bitfarms had very high historical volatility over the last 90 days | |
| The company reported the revenue of 146.37 M. Net Loss for the year was (104.04 M) with profit before overhead, payroll, taxes, and interest of 10.52 M. | |
| About 23.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Analyst reiterates Buy rating on Bitfarms stock despite selloff - crypto.news |
- Analyzing Bitfarms' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Bitfarms' stock is overvalued or undervalued compared to its peers.
- Examining Bitfarms' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Bitfarms' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bitfarms' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Bitfarms' stock. These opinions can provide insight into Bitfarms' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.