BitNine Co (Korea) Performance
| 357880 Stock | 2,490 10.00 0.40% |
BitNine Co holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BitNine Co are expected to decrease at a much lower rate. During the bear market, BitNine Co is likely to outperform the market. Use BitNine Co total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on BitNine Co.
Risk-Adjusted Performance
7 of 100
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OK
Compared to the overall equity markets, risk-adjusted returns on investments in BitNine Co are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, BitNine Co sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
BitNine |
BitNine Co Relative Risk vs. Return Landscape
If you would invest 178,214 in BitNine Co on September 24, 2024 and sell it today you would earn a total of 70,786 from holding BitNine Co or generate 39.72% return on investment over 90 days. BitNine Co is generating 1.0955% of daily returns and assumes 10.9327% volatility on return distribution over the 90 days horizon. Simply put, 97% of stocks are less volatile than BitNine, and 79% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
BitNine Co Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BitNine Co's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as BitNine Co, and traders can use it to determine the average amount a BitNine Co'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 = 0.1002
| Best Portfolio | Best Equity | |||
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| Small Returns | 357880 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 10.93 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.1 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average BitNine Co is performing at about 7% 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 BitNine Co by adding it to a well-diversified portfolio.
Things to note about BitNine Co performance evaluation
Checking the ongoing alerts about BitNine Co for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for BitNine Co help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| BitNine Co is way too risky over 90 days horizon | |
| BitNine Co appears to be risky and price may revert if volatility continues |
- Analyzing BitNine Co'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 BitNine Co's stock is overvalued or undervalued compared to its peers.
- Examining BitNine Co'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 BitNine Co's management team can have a significant impact on its success or failure. Reviewing the track record and experience of BitNine Co's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of BitNine Co's stock. These opinions can provide insight into BitNine Co's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for BitNine Stock analysis
When running BitNine Co's price analysis, check to measure BitNine Co'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 BitNine Co is operating at the current time. Most of BitNine Co's value examination focuses on studying past and present price action to predict the probability of BitNine Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BitNine Co's price. Additionally, you may evaluate how the addition of BitNine Co to your portfolios can decrease your overall portfolio volatility.
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