Macroaxis Story

Macroaxis News
  
By Achuva Shats

September 20, 2019

This story will analyze 8 Blockchain equities to potentially sell in October 2019. We will break down the following equities: Bitcoin Invt TR, BITCOIN SERVICES INC, MGT CAPITAL INVESTMENTS INC, CHINESEINVESTORS COM INC, Overstock, COINSILIUM GROUP LTD, CODEBASE VENTURES INC, and Riot Blockchain
8 Blockchain stocks to get rid of in October 2019

This list of potential positions covers Cross-industry collection of firms that are adopting blockchain technology. Companies across muliple sectors and different technology products and services that are engaged in some capacity with blockchain technolgoy or evolution of cryptocurrency in USA. Please note, we provide buy hold or sell recommendation only in the context of selected investment horizon assuming investor has average attitude towards taking risk. Please also consider using Portfolio Positions Ratings and Equity Ratings tools to further calibrate your research.


Bitcoin Invt TR (GBTC)

The company had not issued any dividends in recent years. The entity had a split on 2018-01-29. The firm currently falls under 'Mid-Cap' category with current market capitalization of 1.58 B. Bitcoin Invt TR shows prevailing Real Value of $8.43 per share. The current price of the firm is $8.61. At this time the firm appears to be fairly valued. This module approximates value of Bitcoin Invt TR from analyzing the firm fundamentals such as Retained Earnings of (2.61 M) and Shares Outstanding of 175.75 M as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since at some point assets prices and their ongoing real values will blend. Bitcoin Invt TR shows prevailing Real Value of $8.43 per share. The current price of the firm is $8.61. At this time the firm appears to be fairly valued. This module approximates value of Bitcoin Invt TR from analyzing the firm fundamentals such as Retained Earnings of (2.61 M) and Shares Outstanding of 175.75 M as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since at some point assets prices and their ongoing real values will blend.

BITCOIN SERVICES INC (BTSC)

The company recorded loss per share of 0.01. The entity had not issued any dividends in recent years. The entity had a split on 2016-03-21. The entity currently falls under 'Micro-Cap' category with current market capitalization of 28.21 M. BITCOIN SERVICES competes with UP Fintech, Goldman Sachs, Morgan Stanley, SP Global, Charles Schwab, Moodys, Thomson Reuters, Interactive Brokers, and TD Ameritrade. Bitcoin Services, Inc. engages in the bitcoin and mining of other crypto currencies. The company was incorporated in 1997 and is headquartered in Kalamazoo, Michigan. BITCOIN SERVICES operates under Capital Markets classification in USA and is traded on BATS Exchange. It employs 1 people.

MGT CAPITAL INVESTMENTS INC (MGTI)

The company has return on total asset (ROA) of (0.8) % which means that it has lost $0.8 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (0.8) % meaning that it created substantial loss on money invested by shareholders. The entity currently falls under 'Nano-Cap' category with current market capitalization of 9.43 M. MGT CAPITAL seems to be overvalued based on Macroaxis valuation methodology. This module forecasts value of MGT CAPITAL INVESTMENTS from inspecting the firm fundamentals such as Return On Equity of (0.80) , Return On Asset of (0.80)  and Profit Margin of (21.43)  as well as reviewing its technical indicators and Probability Of Bankruptcy. In general, we recommend to purchase undervalued stocks and to get rid of overvalued stocks since at some point future time entities prices and their ongoing real values will merge together. MGT CAPITAL competes with Genpact, Visa, Broadridge Financial, BrightView Holdings, Verisk Analytics, Euronet Worldwide, ExlService Holdings, Exponent, and 58 Com. MGT Capital Investments, Inc. engages in bitcoin mining operations in the United States. The company was incorporated in 1977 and is headquartered in Durham, North Carolina. MGT CAPITAL operates under Capital Markets classification in USA and is traded on BATS Exchange. It employs 4 people.

CHINESEINVESTORS COM INC (CIIX)

The company has Profit Margin (PM) of (151.88) % which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (158.58) % which suggests for every $100 dollars of sales it generated a net operating loss of -1.59. The entity currently falls under 'Micro-Cap' category with current market capitalization of 12.43 M. CHINESEINVESTORS seems to be fairly valued based on Macroaxis valuation methodology. This module approximates value of CHINESEINVESTORS COM INC from examining the firm fundamentals such as Current Valuation of 19.19 M, Return On Asset of (136.65)  and Operating Margin of (158.58)  as well as evaluating its technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since in the future assets prices and their ongoing real values will blend.

Overstock Com (OSTK)

The company reported previous year revenue of 1.63 B. Net Loss for the year was (154.33 M) with profit before overhead, payroll, taxes, and interest of 353.91 M. The firm currently falls under 'Small-Cap' category with current market capitalization of 549.45 M. Overstock Com holds recent Real Value of $29.32 per share. The prevailing price of the company is $11.09. At this time the company appears to be undervalued. This module determines value of Overstock Com from analyzing the company fundamentals such as Return On Equity of (0.0216) , Operating Margin of (7.98)  and Shares Outstanding of 35.29 M as well as examining its technical indicators and Probability Of Bankruptcy. In general, we support investing in undervalued entities and to dispose of overvalued entities since at some point stocks prices and their ongoing real values will merge together.

COINSILIUM GROUP LTD (CINGF)

The company has return on total asset (ROA) of (33.88) % which means that it has lost $33.88 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE) of (41.34) % meaning that it generated substantial loss on money invested by shareholders. The firm currently falls under 'Nano-Cap' category with current market capitalization of 3.88 M. COINSILIUM GROUP seems to be fairly valued based on Macroaxis valuation methodology. This module approximates value of COINSILIUM GROUP LTD from reviewing the firm fundamentals such as Profit Margin of (283.70) , Current Valuation of 3.53 M and Return On Equity of (41.34)  as well as analyzing its technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since in the future assets prices and their ongoing real values will blend.

CODEBASE VENTURES INC (BKLLF)

The company has return on total asset (ROA) of (46.48) % which means that it has lost $46.48 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE) of (87.29) % meaning that it generated substantial loss on money invested by shareholders. The entity currently falls under 'Nano-Cap' category with current market capitalization of 5.1 M. CODEBASE VENTURES seems to be overvalued based on Macroaxis valuation methodology. This module approximates value of CODEBASE VENTURES INC from examining the firm fundamentals such as Price to Book of 1.37 , Current Valuation of 6.25 M and Return On Equity of (87.29)  as well as evaluating its technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since in the future assets prices and their ongoing real values will blend. CODEBASE VENTURES competes with UP Fintech, Goldman Sachs, Morgan Stanley, SP Global, Charles Schwab, Moodys, Thomson Reuters, Interactive Brokers, and TD Ameritrade. Codebase Ventures Inc., together with its subsidiaries, engages in identifying investments in the technology sector focusing on blockchain and crypto-currency technologies. Codebase Ventures Inc. was incorporated in 2009 and is based in Vancouver, Canada. CODEBASE VENTURES operates under Capital Markets classification in USA and is traded on BATS Exchange.

Riot Blockchain (RIOT)

The company has return on total asset (ROA) of (33.12) % which means that it has lost $33.12 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (146.32) % meaning that it created substantial loss on money invested by shareholders. This firm currently falls under 'Micro-Cap' category with current market capitalization of 40.75 M. Riot Blockchain competes with UP Fintech, Goldman Sachs, Morgan Stanley, SP Global, Charles Schwab, Moodys, Thomson Reuters, Interactive Brokers, and TD Ameritrade. Riot Blockchain, Inc., together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies. Riot Blockchain, Inc. was founded in 2000 and is based in Castle Rock, Colorado. Riot Blockchain operates under Capital Markets classification in USA and is traded on BATS Exchange. It employs 20 people.

Current 8 Blockchain Recommendations

Competition Technical Indicators

Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
 1.92  0.02  0.01  0.00  2.87  0.0089 (2.64)  5.62 (4.66)  17.21 
 1.22  0.02  0.00 (0.01)  0.00  0.0045  0.00  2.30 (3.07)  6.72 
 1.35  0.08  0.04  0.03  1.82  0.0437 (1.26)  2.20 (3.02)  5.81 
 1.21  0.07  0.04  0.04  1.63  0.0401 (1.26)  2.65 (3.23)  8.86 
 1.69 (0.01)  0.00 (0.04)  0.00 (0.0127)  0.00  3.01 (4.47)  13.23 
 1.31  0.12  0.06  0.08  1.84  0.07 (1.30)  2.28 (2.94)  11.40 
 1.04 (0.01)  0.00 (0.04)  0.00 (0.0012)  0.00  2.11 (2.39)  7.37 
 1.56 (0.24)  0.00  1.13  0.00 (0.06)  0.00  3.16 (4.60)  25.80 
 1.93 (0.35)  0.00 (0.22)  0.00 (0.10)  0.00  2.67 (3.81)  29.45 

About Contributor

Achuva Shats
   Achuva Shats is a Member of Macroaxs Editorial Board. Achuva writes about retail product and service companies from the prospective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce View Profile
This story should be regarded as informational only and should not be considered as solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Macroaxis. Please refer to our Terms of Use for any information regarding our disclosure principles.

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