Bitdeer Technologies Group Stock Technical Analysis
| BTDR Stock | 12.23 1.07 9.59% |
As of the 29th of November, Bitdeer Technologies shows the Mean Deviation of 5.11, risk adjusted performance of 0.1268, and Downside Deviation of 5.9. Bitdeer Technologies technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Bitdeer Technologies variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Bitdeer Technologies is priced correctly, providing market reflects its regular price of 12.23 per share. Given that Bitdeer Technologies has jensen alpha of 0.5958, we suggest you to validate Bitdeer Technologies Group's prevailing market performance to make sure the company can sustain itself at a future point.
Bitdeer Technologies Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Bitdeer, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BitdeerBitdeer |
Bitdeer Technologies Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 18.5 | Strong Buy | 11 | Odds |
Most Bitdeer analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Bitdeer stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Bitdeer Technologies, talking to its executives and customers, or listening to Bitdeer conference calls.
Bitdeer Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Bitdeer Technologies Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Bitdeer Technologies volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Bitdeer Technologies Trend Analysis
Use this graph to draw trend lines for Bitdeer Technologies Group. You can use it to identify possible trend reversals for Bitdeer Technologies as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Bitdeer Technologies price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Bitdeer Technologies Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Bitdeer Technologies Group applied against its price change over selected period. The best fit line has a slop of 0.09 , which means Bitdeer Technologies Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 327.43, which is the sum of squared deviations for the predicted Bitdeer Technologies price change compared to its average price change.About Bitdeer Technologies Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Bitdeer Technologies Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Bitdeer Technologies Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Bitdeer Technologies price pattern first instead of the macroeconomic environment surrounding Bitdeer Technologies. By analyzing Bitdeer Technologies's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Bitdeer Technologies's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Bitdeer Technologies specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 19.15 | 24.09 | 20.69 | 19.65 | PTB Ratio | 3.85 | 3.64 | 2.95 | 4.97 |
Bitdeer Technologies November 29, 2024 Technical Indicators
Most technical analysis of Bitdeer help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Bitdeer from various momentum indicators to cycle indicators. When you analyze Bitdeer charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.1268 | |||
| Market Risk Adjusted Performance | 0.2741 | |||
| Mean Deviation | 5.11 | |||
| Semi Deviation | 4.91 | |||
| Downside Deviation | 5.9 | |||
| Coefficient Of Variation | 649.88 | |||
| Standard Deviation | 6.94 | |||
| Variance | 48.18 | |||
| Information Ratio | 0.1358 | |||
| Jensen Alpha | 0.5958 | |||
| Total Risk Alpha | 0.013 | |||
| Sortino Ratio | 0.1598 | |||
| Treynor Ratio | 0.2641 | |||
| Maximum Drawdown | 36.05 | |||
| Value At Risk | (9.49) | |||
| Potential Upside | 9.62 | |||
| Downside Variance | 34.81 | |||
| Semi Variance | 24.08 | |||
| Expected Short fall | (5.47) | |||
| Skewness | 1.11 | |||
| Kurtosis | 3.11 |
Additional Tools for Bitdeer Stock Analysis
When running Bitdeer Technologies' price analysis, check to measure Bitdeer Technologies' 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 Bitdeer Technologies is operating at the current time. Most of Bitdeer Technologies' value examination focuses on studying past and present price action to predict the probability of Bitdeer Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitdeer Technologies' price. Additionally, you may evaluate how the addition of Bitdeer Technologies to your portfolios can decrease your overall portfolio volatility.