Bitnile Holdings Stock Technical Analysis
| NILEDelisted Stock | USD 0.13 0.00 0.00% |
As of the 24th of April, BitNile Holdings shows the Mean Deviation of 5.13, standard deviation of 7.08, and Risk Adjusted Performance of (0.02). In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of BitNile Holdings, as well as the relationship between them. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate thirteen technical drivers for BitNile Holdings, which can be compared to its peers. Please confirm BitNile Holdings standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if BitNile Holdings is priced correctly, providing market reflects its regular price of 0.13 per share. As BitNile Holdings appears to be a penny stock we also recommend to validate its jensen alpha numbers.
BitNile Holdings Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as BitNile, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BitNileBitNile |
BitNile Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
BitNile Holdings Technical Analysis
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BitNile Holdings Trend Analysis
Use this graph to draw trend lines for BitNile Holdings. You can use it to identify possible trend reversals for BitNile Holdings as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual BitNile Holdings price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.BitNile Holdings Best Fit Change Line
The following chart estimates an ordinary least squares regression model for BitNile Holdings applied against its price change over selected period. The best fit line has a slop of 0.0014 , which may suggest that BitNile Holdings market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.07, which is the sum of squared deviations for the predicted BitNile Holdings price change compared to its average price change.About BitNile Holdings Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of BitNile Holdings on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of BitNile Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on BitNile Holdings price pattern first instead of the macroeconomic environment surrounding BitNile Holdings. By analyzing BitNile Holdings's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of BitNile Holdings's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to BitNile Holdings specific price patterns or momentum indicators. Please read more on our technical analysis page.
BitNile Holdings April 24, 2024 Technical Indicators
Most technical analysis of BitNile help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for BitNile from various momentum indicators to cycle indicators. When you analyze BitNile charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 0.8843 | |||
| Mean Deviation | 5.13 | |||
| Coefficient Of Variation | (2,148) | |||
| Standard Deviation | 7.08 | |||
| Variance | 50.11 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (1.31) | |||
| Treynor Ratio | 0.8743 | |||
| Maximum Drawdown | 32.05 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 | |||
| Skewness | 0.4733 | |||
| Kurtosis | 0.4706 |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Other Consideration for investing in BitNile Stock
If you are still planning to invest in BitNile Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the BitNile Holdings' history and understand the potential risks before investing.
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