Bittnet Systems (Romania) Market Value
| BNET Stock | 0.17 0.00 0.00% |
| Symbol | Bittnet |
Please note, there is a significant difference between Bittnet Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bittnet Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bittnet Systems' 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.
Bittnet Systems '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 Bittnet Systems' stock 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 Bittnet Systems.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Bittnet Systems on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Bittnet Systems SA or generate 0.0% return on investment in Bittnet Systems over 30 days. More
Bittnet Systems 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 Bittnet Systems' stock 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 Bittnet Systems SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 12.5 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 6.25 |
Bittnet Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bittnet Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bittnet Systems' standard deviation. In reality, there are many statistical measures that can use Bittnet Systems historical prices to predict the future Bittnet Systems' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 9.84 |
Bittnet Systems SA Backtested Returns
Bittnet Systems SA secures Sharpe Ratio (or Efficiency) of -0.0743, which signifies that the company had a -0.0743% return per unit of risk over the last 3 months. Bittnet Systems SA exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bittnet Systems' Standard Deviation of 3.13, risk adjusted performance of (0.06), and Mean Deviation of 1.88 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0286, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bittnet Systems are expected to decrease at a much lower rate. During the bear market, Bittnet Systems is likely to outperform the market. At this point, Bittnet Systems SA has a negative expected return of -0.24%. Please make sure to confirm Bittnet Systems' total risk alpha, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Bittnet Systems SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Bittnet Systems SA has average predictability. Overlapping area represents the amount of predictability between Bittnet Systems time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 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 Bittnet Systems SA price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Bittnet Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bittnet Systems SA lagged returns against current returns
Autocorrelation, which is Bittnet Systems stock'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 Bittnet Systems' stock expected returns. We can calculate the autocorrelation of Bittnet Systems returns to help us make a trade decision. For example, suppose you find that Bittnet Systems has exhibited high autocorrelation historically, and you observe that the stock 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 |
Bittnet Systems 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 Bittnet Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bittnet Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bittnet Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Bittnet Systems Lagged Returns
When evaluating Bittnet Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bittnet Systems stock have on its future price. Bittnet Systems 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, Bittnet Systems autocorrelation shows the relationship between Bittnet Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Bittnet Systems SA.
Regressed Prices |
| Timeline |
Pair Trading with Bittnet Systems
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bittnet Systems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bittnet Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Bittnet Stock
Moving against Bittnet Stock
The ability to find closely correlated positions to Bittnet Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bittnet Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bittnet Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bittnet Systems SA to buy it.
The correlation of Bittnet Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bittnet Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bittnet Systems SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bittnet Systems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.