Bit Digital Stock Alpha and Beta Analysis
| BTBT Stock | USD 4.25 0.19 4.28% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Bit Digital. It also helps investors analyze the systematic and unsystematic risks associated with investing in Bit Digital over a specified time horizon. Remember, high Bit Digital's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Bit Digital's market risk premium analysis include:
Beta 4.62 | Alpha (0.11) | Risk 6.88 | Sharpe Ratio 0.0891 | Expected Return 0.61 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Bit Digital Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Bit Digital market risk premium is the additional return an investor will receive from holding Bit Digital long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Bit Digital. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Bit Digital's performance over market.| α | -0.11 | β | 4.62 |
Bit Digital expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Bit Digital's Buy-and-hold return. Our buy-and-hold chart shows how Bit Digital performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Bit Digital Market Price Analysis
Market price analysis indicators help investors to evaluate how Bit Digital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bit Digital shares will generate the highest return on investment. By understating and applying Bit Digital stock market price indicators, traders can identify Bit Digital position entry and exit signals to maximize returns.
Bit Digital Return and Market Media
The median price of Bit Digital for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 3.56 with a coefficient of variation of 17.56. The daily time series for the period is distributed with a sample standard deviation of 0.63, arithmetic mean of 3.59, and mean deviation of 0.51. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Bitcoin, Ethereum, And AI A Conversation With The CEO Of Bit Digital | 10/07/2024 |
2 | Bit Digital Inc Secures Outperform Rating Following Strategic Acquisition | 10/17/2024 |
3 | Bit Digital, Inc. Falls More Steeply Than Broader Market What Investors Need to Know | 10/25/2024 |
4 | Will Bit Digital, Inc. Report Negative Q3 Earnings What You Should Know | 11/05/2024 |
5 | Crescent Grove Advisors LLC Makes New Investment in Bit Digital, Inc. | 11/07/2024 |
6 | Trump Trade Update | 11/14/2024 |
7 | Bit Digital Inc Q3 2024 Earnings Call Highlights Navigating Growth Amidst Challenges | 11/19/2024 |
8 | Bit Digital, Inc.s Path To Profitability | 11/20/2024 |
About Bit Digital Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Bit or other stocks. Alpha measures the amount that position in Bit Digital has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.004318 | 0.003838 | Price To Sales Ratio | 7.43 | 11.57 |
Bit Digital Upcoming Company Events
As portrayed in its financial statements, the presentation of Bit Digital's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Bit Digital's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Bit Digital's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Bit Digital. Please utilize our Beneish M Score to check the likelihood of Bit Digital's management manipulating its earnings.
| 26th of April 2024 Upcoming Quarterly Report | View | |
| 10th of June 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th of April 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Additional Tools for Bit Stock Analysis
When running Bit Digital's price analysis, check to measure Bit Digital's 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 Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.