Bittnet Systems (Romania) Price on December 8, 2023
| BNET Stock | 0.17 0.01 6.25% |
If you're considering investing in Bittnet Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bittnet Systems stands at 0.17, as last reported on the 9th of January, with the highest price reaching 0.17 and the lowest price hitting 0.16 during the day. Bittnet Systems SA secures Sharpe Ratio (or Efficiency) of -0.075, which signifies that the company had a -0.075% return per unit of risk over the last 3 months. Bittnet Systems SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bittnet Systems' Mean Deviation of 1.98, risk adjusted performance of (0.08), and Standard Deviation of 3.17 to double-check the risk estimate we provide.
Bittnet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bittnet |
Sharpe Ratio = -0.075
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Estimated Market Risk
| 3.2 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bittnet Systems is not performing at its full potential. However, 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 Bittnet Systems by adding Bittnet Systems to a well-diversified portfolio.
Bittnet Systems Valuation on December 8, 2023
It is possible to determine the worth of Bittnet Systems on a given historical date. On December 8, 2023 Bittnet was worth 0.27 at the beginning of the trading date compared to the closed value of 0.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bittnet Systems stock. Still, in general, we apply an absolute valuation method to find Bittnet Systems' 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 Bittnet Systems where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bittnet Systems' related companies.
| Open | High | Low | Close | Volume | |
| 0.27 | 0.28 | 0.27 | 0.28 | 852,400 | |
12/08/2023 | 0.27 | 0.28 | 0.27 | 0.28 | 393,800 |
| 0.28 | 0.28 | 0.27 | 0.28 | 104,590 |
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Bittnet Systems Trading Date Momentum on December 8, 2023
| On December 11 2023 Bittnet Systems SA was traded for 0.28 at the closing time. The highest price during the trading period was 0.28 and the lowest recorded bid was listed for 0.27 . The volume for the day was 104.6 K. This history from December 11, 2023 did not affect price variability. The overall trading delta to the current price is 3.57% . |
About Bittnet Systems Stock history
Bittnet Systems investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bittnet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bittnet Systems SA will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bittnet Systems stock prices may prove useful in developing a viable investing in Bittnet Systems
Bittnet Systems Stock Technical Analysis
Bittnet Systems 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, stock market cycles, or different charting patterns.
Price Boundaries
Bittnet Systems Period Price Range
Low | January 9, 2025
| High |
0.00 | 0.00 |
Bittnet Systems SA cannot be verified against its exchange. Please verify the symbol is currently traded on Bucharest Stock Exchange. 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.
Bittnet Systems January 9, 2025 Market Strength
Market strength indicators help investors to evaluate how Bittnet Systems stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bittnet Systems shares will generate the highest return on investment. By undertsting and applying Bittnet Systems stock market strength indicators, traders can identify Bittnet Systems SA entry and exit signals to maximize returns
Bittnet Systems Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bittnet Systems' price direction in advance. Along with the technical and fundamental analysis of Bittnet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bittnet 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 | (0.08) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (1.15) |
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Other Information on Investing in Bittnet Stock
Bittnet Systems financial ratios help investors to determine whether Bittnet Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bittnet with respect to the benefits of owning Bittnet Systems security.