Bluesky Digital Assets Stock Performance
| BTCWF Stock | USD 0.40 0.10 20.00% |
Bluesky Digital holds a performance score of 16 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.79, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Bluesky Digital are expected to decrease by larger amounts. On the other hand, during market turmoil, Bluesky Digital is expected to outperform it. Use Bluesky Digital maximum drawdown and the relationship between the semi variance and day typical price , to analyze future returns on Bluesky Digital.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Bluesky Digital Assets are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Bluesky Digital reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 1.1 M |
Bluesky |
Bluesky Digital Relative Risk vs. Return Landscape
If you would invest 4.50 in Bluesky Digital Assets on September 2, 2024 and sell it today you would earn a total of 35.50 from holding Bluesky Digital Assets or generate 788.89% return on investment over 90 days. Bluesky Digital Assets is currently producing 7.1496% returns and takes up 34.3565% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Bluesky, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Bluesky Digital Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bluesky Digital's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Bluesky Digital Assets, and traders can use it to determine the average amount a Bluesky Digital's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2081
| Best Portfolio | Best Equity | BTCWF | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 34.36 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Bluesky Digital is performing at about 16% 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 Bluesky Digital by adding it to a well-diversified portfolio.
Bluesky Digital Fundamentals Growth
Bluesky OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Bluesky Digital, and Bluesky Digital fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Bluesky OTC Stock performance.
| Return On Equity | -0.74 | |||
| Return On Asset | -0.5 | |||
| Profit Margin | (1.75) % | |||
| Operating Margin | (2.21) % | |||
| Current Valuation | 1.67 M | |||
| Shares Outstanding | 65.59 M | |||
| Price To Book | 0.40 X | |||
| Price To Sales | 0.53 X | |||
| Revenue | 3.73 M | |||
| EBITDA | (4.96 M) | |||
| Cash And Equivalents | 649.33 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 70 K | |||
| Debt To Equity | 0.04 % | |||
| Book Value Per Share | 0.05 X | |||
| Cash Flow From Operations | (1.94 M) | |||
| Earnings Per Share | (0.10) X | |||
| Total Asset | 8.72 M | |||
About Bluesky Digital Performance
By analyzing Bluesky Digital's fundamental ratios, stakeholders can gain valuable insights into Bluesky Digital's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Bluesky Digital has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Bluesky Digital has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Bluesky Digital Assets Corp. operates as a digital assets mining company in Canada. The company was formerly known as Gunpowder Capital Corp. and changed its name to Bluesky Digital Assets Corp. in December 2019. Bluesky Digital is traded on OTC Exchange in the United States.Things to note about Bluesky Digital Assets performance evaluation
Checking the ongoing alerts about Bluesky Digital for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Bluesky Digital Assets help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Bluesky Digital is way too risky over 90 days horizon | |
| Bluesky Digital has some characteristics of a very speculative penny stock | |
| Bluesky Digital appears to be risky and price may revert if volatility continues | |
| Bluesky Digital Assets has accumulated 70 K in total debt with debt to equity ratio (D/E) of 0.04, which may suggest the company is not taking enough advantage from borrowing. Bluesky Digital Assets has a current ratio of 0.94, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Bluesky Digital until it has trouble settling it off, either with new capital or with free cash flow. So, Bluesky Digital's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bluesky Digital Assets sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bluesky to invest in growth at high rates of return. When we think about Bluesky Digital's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 3.73 M. Net Loss for the year was (6.31 M) with profit before overhead, payroll, taxes, and interest of 103.87 K. | |
| Bluesky Digital Assets has accumulated about 649.33 K in cash with (1.94 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
- Analyzing Bluesky Digital's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Bluesky Digital's stock is overvalued or undervalued compared to its peers.
- Examining Bluesky Digital's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Bluesky Digital's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bluesky Digital's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Bluesky Digital's otc stock. These opinions can provide insight into Bluesky Digital's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Bluesky OTC Stock analysis
When running Bluesky Digital's price analysis, check to measure Bluesky Digital'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 Bluesky Digital is operating at the current time. Most of Bluesky Digital's value examination focuses on studying past and present price action to predict the probability of Bluesky Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bluesky Digital's price. Additionally, you may evaluate how the addition of Bluesky Digital to your portfolios can decrease your overall portfolio volatility.
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