Bit Tangible Asset Value from 2010 to 2024
| BTBT Stock | USD 2.15 0.04 1.83% |
Tangible Asset Value | First Reported 2010-12-31 | Previous Quarter 0.0 | Current Value 0.0 | Quarterly Volatility 0.0 |
Check Bit Digital financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bit main balance sheet or income statement drivers, such as Depreciation And Amortization of 8.1 M, Interest Expense of 160.1 M or Selling General Administrative of 14.7 M, as well as many exotic indicators such as Price To Sales Ratio of 11.57, Dividend Yield of 0.0038 or PTB Ratio of 2.07. Bit financial statements analysis is a perfect complement when working with Bit Digital Valuation or Volatility modules.
Bit | Tangible Asset Value |
Bit Digital Investors Sentiment
The influence of Bit Digital's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Bit. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Bit Digital's public news can be used to forecast risks associated with an investment in Bit. The trend in average sentiment can be used to explain how an investor holding Bit can time the market purely based on public headlines and social activities around Bit Digital. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Bit Digital's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Bit Digital's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Bit Digital's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Bit Digital.
Bit Digital Implied Volatility | 199.92 |
Bit Digital's implied volatility exposes the market's sentiment of Bit Digital stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Bit Digital's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Bit Digital stock will not fluctuate a lot when Bit Digital's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bit Digital in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bit Digital's short interest history, or implied volatility extrapolated from Bit Digital options trading.
Pair Trading with Bit Digital
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 Bit Digital 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 Bit Digital will appreciate offsetting losses from the drop in the long position's value.Moving together with Bit Stock
| 0.89 | MARA | Marathon Digital Holdings | PairCorr |
| 0.91 | RIOT | Riot Blockchain | PairCorr |
| 0.74 | APLD | Applied Blockchain Financial Report 22nd of July 2024 | PairCorr |
| 0.9 | SDIG | Stronghold Digital Mining | PairCorr |
Moving against Bit Stock
| 0.55 | DSGX | Descartes Systems Financial Report 29th of May 2024 | PairCorr |
| 0.53 | DM | Desktop Metal | PairCorr |
The ability to find closely correlated positions to Bit Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bit Digital 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 Bit Digital - 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 Bit Digital to buy it.
The correlation of Bit Digital 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 Bit Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bit Digital 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 Bit Digital 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 the analysis of Bit Digital Correlation against competitors. For more information on how to buy Bit Stock please use our How to Invest in Bit Digital guide.Note that the Bit Digital information on this page should be used as a complementary analysis to other Bit Digital'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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary 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.
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Is Bit Digital'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 Bit Digital. 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 Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.16) | Revenue Per Share 0.513 | Quarterly Revenue Growth 1.064 | Return On Assets (0.12) | Return On Equity (0.11) |
The market value of Bit Digital 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 Digital's value that differs from its market value or its book value, called intrinsic value, which is Bit Digital'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 Digital's market value can be influenced by many factors that don't directly affect Bit Digital'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 Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bit Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bit Digital'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.