BitNine (Korea) Price on November 26, 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 Downside Deviation of 7.91, mean deviation of 6.88, and Risk Adjusted Performance of 0.0909 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.

Sharpe Ratio = 0.1074

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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 November 26, 2024

It is possible to determine the worth of BitNine on a given historical date. On November 26, 2024 BitNine was worth 2295.0 at the beginning of the trading date compared to the closed value of 2430.0. 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
  2,305    2,440    2,270    2,330    3,354,039  
11/26/2024
  2,295    2,670    2,170    2,430    12,212,796  
  2,530    3,155    2,505    3,155    17,610,229  
Backtest BitNine  |  BitNine History  PreviousNext  
Open Value
2295.0
2430.0
Closing Value
2,328
Upside

BitNine Trading Date Momentum on November 26, 2024

On November 27 2024 BitNine Co was traded for  3,155  at the closing time. The highest price during the trading period was 3,155  and the lowest recorded bid was listed for  2,505 . The volume for the day was 17.6 M. This history from November 27, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 29.84% . The overall trading delta to the current price is 20.58% .

Price Boundaries

BitNine Period Price Range

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January 4, 2025
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High

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BitNine Co cannot be verified against its exchange. Please verify the symbol is currently traded on KOSDAQ. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

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.

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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