BITFARMS Piotroski F Score

BFARF -  USA Stock  

USD 5.79  0.24  4.32%

This module uses fundamental data of BITFARMS to approximate its Piotroski F score. BITFARMS F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of BITFARMS LTD. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about BITFARMS financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Trending Equities.

BITFARMS Piotroski F Score 

 
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At this time, it appears that BITFARMS's Piotroski F Score is Unavailable. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
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Piotroski F Score - Unavailable
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BITFARMS Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to BITFARMS is to make sure BITFARMS is not a subject of accounting manipulations and runs a healthy internal audit department. So, if BITFARMS's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if BITFARMS's financial numbers are properly reported.

About BITFARMS Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

About BITFARMS Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze BITFARMS LTD's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BITFARMS using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BITFARMS LTD 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.
Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company was founded in 2017 and is headquartered in Toronto, Canada. Bitfarms operates under Capital Markets classification in the United States and is traded on OTC Exchange.

BITFARMS Investors Sentiment

The influence of BITFARMS'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 BITFARMS. 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 markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - BFARF

BITFARMS LTD Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in BITFARMS LTD. What is your opinion about investing in BITFARMS LTD? Are you bullish or bearish?
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Pair Trading with BITFARMS

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 BITFARMS 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 BITFARMS will appreciate offsetting losses from the drop in the long position's value.

BITFARMS Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for BITFARMS and Goldman Sachs Group. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Trending Equities. Note that the BITFARMS LTD information on this page should be used as a complementary analysis to other BITFARMS'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 Money Managers module to screen money managers from public funds and ETFs managed around the world.

Other Tools for BITFARMS Stock

When running BITFARMS LTD price analysis, check to measure BITFARMS'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 BITFARMS is operating at the current time. Most of BITFARMS's value examination focuses on studying past and present price action to predict the probability of BITFARMS's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BITFARMS's price. Additionally, you may evaluate how the addition of BITFARMS to your portfolios can decrease your overall portfolio volatility.
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