BITFARMS Stock Volatility

BFARF -  USA Stock  

USD 5.79  0.24  4.38%

Our viewpoint regarding foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for BITFARMS LTD, which you can use to evaluate the future volatility of the firm. Please confirm BITFARMS LTD risk adjusted performance of 0.0726, and Mean Deviation of 5.39 to double-check if the risk estimate we provide is consistent with the expected return of 0.0%.

Search Volatility 

BITFARMS Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of BITFARMS daily returns, and it is calculated using variance and standard deviation. We also use BITFARMS's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of BITFARMS volatility.

60 Days Market Risk

Very steady

Chance of Distress

60 Days Economic Sensitivity

Almost mirrors the market

BITFARMS Market Sensitivity And Downside Risk

BITFARMS's beta coefficient measures the volatility of BITFARMS stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents BITFARMS stock's returns against your selected market. In other words, BITFARMS's beta of 0.9 provides an investor with an approximation of how much risk BITFARMS stock can potentially add to one of your existing portfolios.
Let's try to break down what BITFARMS's beta means in this case. BITFARMS returns are very sensitive to returns on the market. As the market goes up or down, BITFARMS is expected to follow.
3 Months Beta |Analyze BITFARMS LTD Demand Trend
Check current 90 days BITFARMS correlation with market (DOW)


BITFARMS standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

It is essential to understand the difference between upside risk (as represented by BITFARMS's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of BITFARMS stock's daily returns or price. Since the actual investment returns on holding a position in BITFARMS stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in BITFARMS.

BITFARMS LTD Stock Volatility Analysis

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BITFARMS Projected Return Density Against Market

Assuming the 90 days horizon BITFARMS has a beta of 0.9041 suggesting BITFARMS LTD market returns are highly-sensitive to returns on the market. As the market goes up or down, BITFARMS is expected to follow.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to BITFARMS or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that BITFARMS stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a BITFARMS stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has an alpha of 0.6478, implying that it can generate a 0.65 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 

BITFARMS Stock Return Volatility

BITFARMS historical daily return volatility represents how much BITFARMS stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm shows 0.0% volatility of returns over 90 . By contrast, DOW inherits 0.7173% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 

About BITFARMS Volatility

Volatility is a rate at which the price of BITFARMS or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of BITFARMS may increase or decrease. In other words, similar to BITFARMS's beta indicator, it measures the risk of BITFARMS and helps estimate the fluctuations that may happen in a short period of time. So if prices of BITFARMS fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical 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 Investment Opportunity

DOW has a standard deviation of returns of 0.72 and is 9.223372036854776E16 times more volatile than BITFARMS LTD. of all equities and portfolios are less risky than BITFARMS. Compared to the overall equity markets, volatility of historical daily returns of BITFARMS LTD is lower than 0 () of all global equities and portfolios over the last 90 days. Use BITFARMS LTD to enhance returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of BITFARMS to be traded at $7.24 in 90 days. . Let's try to break down what BITFARMS's beta means in this case. BITFARMS returns are very sensitive to returns on the market. As the market goes up or down, BITFARMS is expected to follow.

Significant diversification

The correlation between BITFARMS LTD and DJI is Significant diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BITFARMS LTD and DJI in the same portfolio assuming nothing else is changed.

BITFARMS Additional Risk Indicators

The analysis of BITFARMS's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in BITFARMS's investment and either accepting that risk or mitigating it. Along with some common measures of BITFARMS stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance0.0726
Market Risk Adjusted Performance0.7551
Mean Deviation5.39
Semi Deviation5.43
Downside Deviation5.73
Coefficient Of Variation1091.52
Standard Deviation7.46
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

BITFARMS Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against BITFARMS as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. BITFARMS's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, BITFARMS's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to BITFARMS LTD.
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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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