BIT Return on Sales from 2010 to 2024
| BTCM Stock | USD 2.40 0.19 7.34% |
Check BIT Mining 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 170 M, Interest Expense of 238.2 K or Selling General Administrative of 34 M, as well as many exotic indicators such as Price To Sales Ratio of 0.0181, Dividend Yield of 0.0305 or PTB Ratio of 0.32. BIT financial statements analysis is a perfect complement when working with BIT Mining Valuation or Volatility modules.
BIT | Return on Sales |
About BIT Mining Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include BIT Mining income statement, its balance sheet, and the statement of cash flows. BIT Mining investors use historical funamental indicators, such as BIT Mining's Return on Sales, to determine how well the company is positioned to perform in the future. Although BIT Mining investors may use each financial statement separately, they are all related. The changes in BIT Mining's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on BIT Mining's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on BIT Mining Financial Statements. Understanding these patterns can help to make the right decision on long term investment in BIT Mining. Please read more on our technical analysis and fundamental analysis pages.
BIT Mining Limited operates as a cryptocurrency mining company. BIT Mining Limited was founded in 2001 and is headquartered in Hong Kong. Bit Mining operates under Information Technology Services classification in the United States and is traded on New York Stock Exchange. It employs 153 people.
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 Mining 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 Mining's short interest history, or implied volatility extrapolated from BIT Mining options trading.
Pair Trading with BIT Mining
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 Mining 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 Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with BIT Stock
| 0.8 | G | Genpact Limited Financial Report 8th of May 2024 | PairCorr |
| 0.86 | DMRC | Digimarc | PairCorr |
Moving against BIT Stock
| 0.81 | FIS | Fidelity National Financial Report 25th of April 2024 | PairCorr |
| 0.8 | DTST | Data Storage Corp | PairCorr |
| 0.78 | FI | Fiserv Inc Earnings Call This Week | PairCorr |
| 0.73 | IT | Gartner Financial Report 7th of May 2024 | PairCorr |
| 0.71 | PSN | Parsons Corp Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to BIT Mining 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 Mining 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 Mining - 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 Mining to buy it.
The correlation of BIT Mining 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 Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BIT Mining 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 Mining 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 Mining Correlation against competitors. To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.Note that the BIT Mining information on this page should be used as a complementary analysis to other BIT Mining'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for BIT Stock analysis
When running BIT Mining's price analysis, check to measure BIT Mining'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 Mining is operating at the current time. Most of BIT Mining's value examination focuses on studying past and present price action to predict the probability of BIT Mining'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 Mining's price. Additionally, you may evaluate how the addition of BIT Mining to your portfolios can decrease your overall portfolio volatility.
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Is BIT Mining'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 Mining. 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 Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.00) | Revenue Per Share 3.91 | Quarterly Revenue Growth (0.83) | Return On Assets (0.13) | Return On Equity (0.24) |
The market value of BIT Mining 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 Mining's value that differs from its market value or its book value, called intrinsic value, which is BIT Mining'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 Mining's market value can be influenced by many factors that don't directly affect BIT Mining'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 Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if BIT Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BIT Mining'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.