Bittium Oyj (Finland) Performance
| BITTI Stock | EUR 6.68 0.02 0.30% |
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, Bittium Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bittium Oyj is expected to be smaller as well. At this point, Bittium Oyj has a negative expected return of -0.0418%. Please make sure to confirm Bittium Oyj's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Bittium Oyj performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Bittium Oyj has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong technical indicators, Bittium Oyj is not utilizing all of its potentials. The recent stock price confusion, may contribute to short-horizon losses for the traders. ...more
| Begin Period Cash Flow | 22 M |
Bittium |
Bittium Oyj Relative Risk vs. Return Landscape
If you would invest 697.00 in Bittium Oyj on September 2, 2024 and sell it today you would lose (29.00) from holding Bittium Oyj or give up 4.16% of portfolio value over 90 days. Bittium Oyj is generating negative expected returns and assumes 2.1608% volatility on return distribution over the 90 days horizon. Simply put, 19% of stocks are less volatile than Bittium, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Bittium Oyj Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bittium Oyj's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Bittium Oyj, and traders can use it to determine the average amount a Bittium Oyj'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 = -0.0193
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| Negative Returns | BITTI |
Estimated Market Risk
| 2.16 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bittium Oyj 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 Bittium Oyj by adding Bittium Oyj to a well-diversified portfolio.
Bittium Oyj Fundamentals Growth
Bittium Stock prices reflect investors' perceptions of the future prospects and financial health of Bittium Oyj, and Bittium Oyj 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 Bittium Stock performance.
| Return On Equity | 0.0026 | |||
| Return On Asset | 0.0019 | |||
| Profit Margin | 0 % | |||
| Operating Margin | 0.01 % | |||
| Current Valuation | 126.05 M | |||
| Shares Outstanding | 35.7 M | |||
| Price To Earning | 37.85 X | |||
| Price To Book | 1.09 X | |||
| Price To Sales | 1.51 X | |||
| Revenue | 82.5 M | |||
| EBITDA | 11.2 M | |||
| Cash And Equivalents | 33.5 M | |||
| Cash Per Share | 0.94 X | |||
| Total Debt | 20 M | |||
| Debt To Equity | 21.30 % | |||
| Book Value Per Share | 2.31 X | |||
| Cash Flow From Operations | 8 M | |||
| Earnings Per Share | 0.10 X | |||
| Total Asset | 169.7 M | |||
About Bittium Oyj Performance
By evaluating Bittium Oyj's fundamental ratios, stakeholders can gain valuable insights into Bittium Oyj's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Bittium Oyj 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 Bittium Oyj has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Bittium Oyj develops communications and connectivity solutions worldwide. Bittium Oyj was founded in 1985 and is headquartered in Oulu, Finland. Bittium operates under Diversified Telecommunications classification in Finland and is traded on Helsinki Exchange. It employs 680 people.Things to note about Bittium Oyj performance evaluation
Checking the ongoing alerts about Bittium Oyj for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Bittium Oyj help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Bittium Oyj generated a negative expected return over the last 90 days | |
| About 22.0% of the company shares are held by company insiders |
- Analyzing Bittium Oyj'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 Bittium Oyj's stock is overvalued or undervalued compared to its peers.
- Examining Bittium Oyj'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 Bittium Oyj's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bittium Oyj's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Bittium Oyj's stock. These opinions can provide insight into Bittium Oyj's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Bittium Stock analysis
When running Bittium Oyj's price analysis, check to measure Bittium Oyj'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 Bittium Oyj is operating at the current time. Most of Bittium Oyj's value examination focuses on studying past and present price action to predict the probability of Bittium Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bittium Oyj's price. Additionally, you may evaluate how the addition of Bittium Oyj to your portfolios can decrease your overall portfolio volatility.
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