Athena Bitcoin Global Stock Market Value

ABIT Stock  USD 0.05  0.0004  0.80%   
Athena Bitcoin's market value is the price at which a share of Athena Bitcoin trades on a public exchange. It measures the collective expectations of Athena Bitcoin Global investors about its performance. Athena Bitcoin is selling for under 0.0503 as of the 1st of March 2025; that is 0.80 percent up since the beginning of the trading day. The stock's last reported lowest price was 0.0503.
With this module, you can estimate the performance of a buy and hold strategy of Athena Bitcoin Global and determine expected loss or profit from investing in Athena Bitcoin over a given investment horizon. Check out Athena Bitcoin Correlation, Athena Bitcoin Volatility and Athena Bitcoin Alpha and Beta module to complement your research on Athena Bitcoin.
Symbol

Please note, there is a significant difference between Athena Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Athena Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Athena Bitcoin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Athena Bitcoin 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Athena Bitcoin's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Athena Bitcoin.
0.00
03/12/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/01/2025
0.00
If you would invest  0.00  in Athena Bitcoin on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Athena Bitcoin Global or generate 0.0% return on investment in Athena Bitcoin over 720 days. Athena Bitcoin is related to or competes with Argo Blockchain, Dmg Blockchain, OFX Group, Armada Mercantile, and ABS-CBN Holdings. Athena Bitcoin Global develops, owns, and operates a network of Athena Bitcoin ATMs More

Athena Bitcoin Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Athena Bitcoin's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Athena Bitcoin Global upside and downside potential and time the market with a certain degree of confidence.

Athena Bitcoin Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Athena Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Athena Bitcoin's standard deviation. In reality, there are many statistical measures that can use Athena Bitcoin historical prices to predict the future Athena Bitcoin's volatility.
Hype
Prediction
LowEstimatedHigh
0.000.0510.63
Details
Intrinsic
Valuation
LowRealHigh
0.000.0510.63
Details
Naive
Forecast
LowNextHigh
0.00070.0410.61
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.050.050.06
Details

Athena Bitcoin Global Backtested Returns

Athena Bitcoin Global secures Sharpe Ratio (or Efficiency) of -0.0869, which signifies that the company had a -0.0869 % return per unit of standard deviation over the last 3 months. Athena Bitcoin Global exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Athena Bitcoin's mean deviation of 7.23, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -2.25, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Athena Bitcoin are expected to decrease by larger amounts. On the other hand, during market turmoil, Athena Bitcoin is expected to outperform it. At this point, Athena Bitcoin Global has a negative expected return of -0.92%. Please make sure to confirm Athena Bitcoin's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Athena Bitcoin Global performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.51  

Modest predictability

Athena Bitcoin Global has modest predictability. Overlapping area represents the amount of predictability between Athena Bitcoin time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Athena Bitcoin Global price movement. The serial correlation of 0.51 indicates that about 51.0% of current Athena Bitcoin price fluctuation can be explain by its past prices.
Correlation Coefficient0.51
Spearman Rank Test0.03
Residual Average0.0
Price Variance0.0

Athena Bitcoin Global lagged returns against current returns

Autocorrelation, which is Athena Bitcoin pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Athena Bitcoin's pink sheet expected returns. We can calculate the autocorrelation of Athena Bitcoin returns to help us make a trade decision. For example, suppose you find that Athena Bitcoin has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Athena Bitcoin regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Athena Bitcoin pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Athena Bitcoin pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Athena Bitcoin pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Athena Bitcoin Lagged Returns

When evaluating Athena Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Athena Bitcoin pink sheet have on its future price. Athena Bitcoin autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Athena Bitcoin autocorrelation shows the relationship between Athena Bitcoin pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Athena Bitcoin Global.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Explore Investing Ideas  

Additional Tools for Athena Pink Sheet Analysis

When running Athena Bitcoin's price analysis, check to measure Athena Bitcoin'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 Athena Bitcoin is operating at the current time. Most of Athena Bitcoin's value examination focuses on studying past and present price action to predict the probability of Athena Bitcoin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Athena Bitcoin's price. Additionally, you may evaluate how the addition of Athena Bitcoin to your portfolios can decrease your overall portfolio volatility.