Bit Origin Stock Price on December 11, 2024

BTOG Stock  USD 0.98  0.14  16.67%   
If you're considering investing in Bit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bit Origin stands at 0.98, as last reported on the 2nd of January, with the highest price reaching 0.99 and the lowest price hitting 0.90 during the day. Bit Origin secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of risk over the last 3 months. Bit Origin exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bit Origin's Standard Deviation of 6.27, risk adjusted performance of (0.16), and Mean Deviation of 4.72 to double-check the risk estimate we provide.
  
Bit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2036

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsBTOG

Estimated Market Risk

 6.27
  actual daily
55
55% of assets are less volatile

Expected Return

 -1.28
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.2
  actual daily
0
Most of other assets perform better
Based on monthly moving average Bit Origin 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 Bit Origin by adding Bit Origin to a well-diversified portfolio.

Bit Origin Valuation on December 11, 2024

It is possible to determine the worth of Bit Origin on a given historical date. On December 11, 2024 Bit was worth 1.05 at the beginning of the trading date compared to the closed value of 1.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bit Origin stock. Still, in general, we apply an absolute valuation method to find Bit Origin'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 Bit Origin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bit Origin's related companies.
 Open High Low Close Volume
  1.27    1.27    1.04    1.07    110,635  
12/11/2024
  1.05    1.05    0.82    1.00    255,207  
  1.00    1.02    0.93    0.97    37,855  
Backtest Bit Origin  |  Bit Origin History  |  Bit Origin Valuation   PreviousNext  
Open Value
1.05
1.0
Closing Value
19.87
Upside

Bit Origin Trading Date Momentum on December 11, 2024

On December 12 2024 Bit Origin was traded for  0.97  at the closing time. The top price for the day was 1.02  and the lowest listed price was  0.93 . The trading volume for the day was 37.9 K. The trading history from December 12, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.00% . The overall trading delta against the current closing price is 10.00% .

Bit Origin Fundamentals Correlations and Trends

By evaluating Bit Origin's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bit Origin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bit financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Bit Origin Stock history

Bit Origin 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 Bit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bit Origin 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 Bit Origin stock prices may prove useful in developing a viable investing in Bit Origin
Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. Bit Origin Ltd was incorporated in 2018 and is based in New York, New York. Bit Origin operates under Packaged Foods classification in the United States and is traded on NASDAQ Exchange. It employs 11 people.

Bit Origin Stock Technical Analysis

Bit Origin 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.
A focus of Bit Origin technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bit Origin trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Bit Origin Period Price Range

Low
January 2, 2025
0.00  NaN%
High

 0.00 

     

 0.00 

Bit Origin cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.

Bit Origin January 2, 2025 Market Strength

Market strength indicators help investors to evaluate how Bit Origin stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bit Origin shares will generate the highest return on investment. By undertsting and applying Bit Origin stock market strength indicators, traders can identify Bit Origin entry and exit signals to maximize returns

Bit Origin Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Bit Origin's price direction in advance. Along with the technical and fundamental analysis of Bit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bit 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 Bit Stock analysis

When running Bit Origin's price analysis, check to measure Bit Origin'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 Bit Origin is operating at the current time. Most of Bit Origin's value examination focuses on studying past and present price action to predict the probability of Bit Origin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Origin's price. Additionally, you may evaluate how the addition of Bit Origin to your portfolios can decrease your overall portfolio volatility.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Bonds Directory
Find actively traded corporate debentures issued by US companies