First Bitcoin Capital Stock Beta
| BITCF Stock | USD 0.0006 0.00 0.00% |
First BITCoin Capital fundamentals help investors to digest information that contributes to First BITCoin's financial success or failures. It also enables traders to predict the movement of First Stock. The fundamental analysis module provides a way to measure First BITCoin's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to First BITCoin stock.
First | Beta |
First BITCoin Capital Company Beta Analysis
First BITCoin's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current First BITCoin Beta | 36.79 |
Most of First BITCoin's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, First BITCoin Capital is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for First BITCoin is extremely important. It helps to project a fair market value of First Stock properly, considering its historical fundamentals such as Beta. Since First BITCoin's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of First BITCoin's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of First BITCoin's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, First BITCoin Capital has a Beta of 36.789. This is much higher than that of the Capital Markets sector and notably higher than that of the Financials industry. The beta for all United States stocks is notably lower than that of the firm.
First Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses First BITCoin's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of First BITCoin could also be used in its relative valuation, which is a method of valuing First BITCoin by comparing valuation metrics of similar companies.First BITCoin is currently under evaluation in beta category among related companies.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, First BITCoin will likely underperform.
First Fundamentals
| Operating Margin | 0.70 % | ||||
| Current Valuation | 180.73 K | ||||
| Shares Outstanding | 301.84 M | ||||
| Revenue | 242.5 K | ||||
| Gross Profit | 242.5 K | ||||
| EBITDA | (177.82 K) | ||||
| Net Income | (393.39 K) | ||||
| Cash And Equivalents | 1.7 K | ||||
| Total Debt | 327 | ||||
| Current Ratio | 0.22 X | ||||
| Book Value Per Share | 0 X | ||||
| Cash Flow From Operations | (154.09 K) | ||||
| Earnings Per Share | (0) X | ||||
| Beta | 36.79 | ||||
| Market Capitalization | 54.33 M | ||||
| Total Asset | 365.35 K | ||||
| Retained Earnings | (5.88 M) | ||||
| Working Capital | (175 K) | ||||
| Current Liabilities | 175 K | ||||
| Net Asset | 365.35 K |
About First BITCoin Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze First BITCoin Capital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First BITCoin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First BITCoin Capital based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with First BITCoin
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 First BITCoin 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 First BITCoin will appreciate offsetting losses from the drop in the long position's value.Moving against First Stock
| 0.55 | MA | Mastercard Financial Report 25th of April 2024 | PairCorr |
| 0.53 | CG | Carlyle Group Financial Report 2nd of May 2024 | PairCorr |
| 0.47 | BX | Blackstone Group Financial Report 18th of July 2024 | PairCorr |
| 0.41 | V | Visa Class A Earnings Call Today | PairCorr |
The ability to find closely correlated positions to First BITCoin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First BITCoin 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 First BITCoin - 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 First BITCoin Capital to buy it.
The correlation of First BITCoin 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 First BITCoin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First BITCoin Capital 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 First BITCoin 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.Check out First BITCoin Piotroski F Score and First BITCoin Altman Z Score analysis. Note that the First BITCoin Capital information on this page should be used as a complementary analysis to other First BITCoin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for First Stock analysis
When running First BITCoin's price analysis, check to measure First BITCoin'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 First BITCoin is operating at the current time. Most of First BITCoin's value examination focuses on studying past and present price action to predict the probability of First BITCoin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First BITCoin's price. Additionally, you may evaluate how the addition of First BITCoin to your portfolios can decrease your overall portfolio volatility.
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Is First BITCoin's industry 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 First BITCoin. If investors know First 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 First BITCoin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.043 | Earnings Share (0) |
The market value of First BITCoin Capital is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First BITCoin's value that differs from its market value or its book value, called intrinsic value, which is First BITCoin'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 First BITCoin's market value can be influenced by many factors that don't directly affect First BITCoin'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 First BITCoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if First BITCoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First BITCoin'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.