BitNine Co is trading at 2645.00 as of the 19th of December 2024, a 1.15% up since the beginning of the trading day. The stock's open price was 2615.0. BitNine Co has hardly any chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. BitNine Co has reported 1 for 1 split on 7th of November 2024. The performance scores are derived for the period starting the 19th of November 2024 and ending today, the 19th of December 2024. Click here to learn more.
Although BitNine Co's alpha and beta are two of the key measurements used to evaluate BitNine Co's performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BitNine Co stock to make a market-neutral strategy. Peer analysis of BitNine Co could also be used in its relative valuation, which is a method of valuing BitNine Co by comparing valuation metrics with similar companies.