BitNine (Korea) Price on August 21, 2024
| 357880 Stock | 2,540 100.00 4.10% |
If you're considering investing in BitNine Stock, it is important to understand the factors that can impact its price. As of today, the current price of BitNine stands at 2,540, as last reported on the 4th of January, with the highest price reaching 2,640 and the lowest price hitting 2,440 during the day. BitNine is very steady given 3 months investment horizon. BitNine secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.19% are justified by taking the suggested risk. Use BitNine Mean Deviation of 6.88, risk adjusted performance of 0.0909, and Downside Deviation of 7.91 to evaluate company specific risk that cannot be diversified away.
BitNine Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
BitNine |
Sharpe Ratio = 0.1074
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 357880 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 11.06 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.19 actual daily | 23 77% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average BitNine is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BitNine by adding it to a well-diversified portfolio.
BitNine Valuation on August 21, 2024
It is possible to determine the worth of BitNine on a given historical date. On August 21, 2024 BitNine was worth 1479.76 at the beginning of the trading date compared to the closed value of 1444.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BitNine stock. Still, in general, we apply an absolute valuation method to find BitNine's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of BitNine where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BitNine's related companies.
| Open | High | Low | Close | Volume | |
| 1,445 | 1,517 | 1,431 | 1,466 | 122,171 | |
08/21/2024 | 1,480 | 1,490 | 1,394 | 1,445 | 117,721 |
| 1,445 | 1,877 | 1,445 | 1,571 | 5,191,713 |
| Backtest BitNine | | | BitNine History | Previous | Next |
BitNine Trading Date Momentum on August 21, 2024
| On August 22 2024 BitNine Co was traded for 1,571 at the closing time. The highest price during the trading period was 1,877 and the lowest recorded bid was listed for 1,445 . The volume for the day was 5.2 M. This history from August 22, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 8.74% . The overall trading delta to the current price is 22.49% . |
Price Boundaries
BitNine Period Price Range
Low | January 4, 2025
| High |
0.00 | 0.00 |
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BitNine January 4, 2025 Market Strength
Market strength indicators help investors to evaluate how BitNine stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BitNine shares will generate the highest return on investment. By undertsting and applying BitNine stock market strength indicators, traders can identify BitNine Co entry and exit signals to maximize returns
BitNine Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BitNine's price direction in advance. Along with the technical and fundamental analysis of BitNine Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of BitNine to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0909 | |||
| Jensen Alpha | 1.06 | |||
| Total Risk Alpha | 0.8994 | |||
| Sortino Ratio | 0.1326 | |||
| Treynor Ratio | 4.14 |
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| Math Transform | ||
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| Overlap Studies | ||
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for BitNine Stock analysis
When running BitNine's price analysis, check to measure BitNine'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 BitNine is operating at the current time. Most of BitNine's value examination focuses on studying past and present price action to predict the probability of BitNine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BitNine's price. Additionally, you may evaluate how the addition of BitNine to your portfolios can decrease your overall portfolio volatility.
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