BitNine Competitors

357880 Stock

2,430 20.00 0.83%

BitNine Co competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, and Samsung Biologics; as well as few others. Analyzing BitNine Co competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of BitNine Co to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of BitNine Co competition on your existing holdings.

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Please note, it is not enough to conduct a financial or market analysis of a single entity such as BitNine Co. Your research has to be compared to or analyzed against BitNine Co's peers to derive any actionable benefits. When done correctly, BitNine Co's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BitNine Co.

BitNine Co Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between BitNine Co and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of BitNine and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of BitNine Co does not affect the price movement of the other competitor.

	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385
005935		0.96	0.42	0.06	0.49	0.81	0.82	0.86	0.91	0.89	005935
005930	0.96		0.42	0.12	0.57	0.79	0.82	0.91	0.9	0.89	005930
373220	0.42	0.42		0.32	0.45	0.7	0.69	0.53	0.47	0.41	373220
000660	0.06	0.12	0.32		0.46	0.35	0.34	0.22	0.07	0.02	000660
207940	0.49	0.57	0.45	0.46		0.59	0.63	0.7	0.53	0.56	207940
051915	0.81	0.79	0.7	0.35	0.59		0.98	0.88	0.86	0.81	051915
051910	0.82	0.82	0.69	0.34	0.63	0.98		0.92	0.88	0.84	051910
006400	0.86	0.91	0.53	0.22	0.7	0.88	0.92		0.91	0.91	006400
005387	0.91	0.9	0.47	0.07	0.53	0.86	0.88	0.91		0.98	005387
005385	0.89	0.89	0.41	0.02	0.56	0.81	0.84	0.91	0.98		005385
	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385

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Risk-Adjusted Indicators

There is a big difference between BitNine Stock performing well and BitNine Co Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze BitNine Co's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
005935	1.62	(0.20)	0.00	1.02	0.00	0.00	2.74	(3.67)	10.84
005930	1.66	(0.20)	0.00	(11.75)	0.00	0.00	3.94	(3.64)	10.64
373220	2.18	(0.12)	0.00	0.33	0.00	0.00	4.09	(3.90)	17.72
000660	2.52	0.18	0.05	1.40	2.89	(2.64)	4.89	(4.63)	14.85
207940	0.86	(0.10)	0.00	10.38	0.00	0.00	2.57	(2.50)	7.43
051915	2.12	(0.38)	0.00	1.13	0.00	0.00	4.35	(4.61)	14.51
051910	1.93	(0.31)	0.00	1.32	0.00	0.00	4.14	(5.40)	15.97
006400	2.44	(0.51)	0.00	0.69	0.00	0.00	4.45	(5.98)	15.04
005387	1.36	(0.20)	0.00	5.27	0.00	0.00	2.58	(2.97)	7.99
005385	1.18	(0.22)	0.00	1.44	0.00	0.00	2.87	(2.23)	7.51

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BitNine Co Competitive Analysis

The better you understand BitNine Co competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, BitNine Co's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across BitNine Co's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	357880	005935	005930	373220	000660	207940	051915	051910	006400	005387
	0.83 2,430 BitNine	1.47 44,950 Samsung	1.68 54,400 Samsung	2.51 350,000 373220	0.65 168,500 000660	1.16 938,000 Samsung	0.74 160,700 051915	1.17 253,000 051910	0.39 255,000 Samsung	0.06 157,200 Hyundai
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	OK	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Under Valued	Fairly Valued	Over Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Buy	Strong Sell	Strong Sell	Strong Sell	Hold
Net Asset		426.62 T	426.62 T	23.76 T	96.39 T	7.97 T	51.14 T	51.14 T	25.83 T	233.95 T
Profit Margin		0.18	0.18	0.0255	0.19	0.2	0.0454	0.0454	0.0955	0.046
EBITDA		88.03 T	88.03 T	2.3 T	24.33 T	737.78 B	7.94 T	7.94 T	2.97 T	12.82 T
Operating Margin		0.14	0.14	0.0489	0.26	0.32	0.0725	0.0725	0.0881	0.0592
Current Valuation		289.78 T	289.78 T	118.57 T	72.86 T	58.92 T	55.66 T	55.66 T	46.33 T	126.62 T
Price To Book		1.1	1.23	6.04	0.82	6.92	0.71	1.55	2.73	0.25
Beta		0.95	0.95	N/A	0.93	0.58	1.26	1.26	0.69	1.04
Number Of Employees		10	10	10.55 K	10	10	14.33 K	14.33 K	10	64.05 K
Shares Outstanding		822.89 M	5.97 B	234 M	687.65 M	71.17 M	7.68 M	70.22 M	65.43 M	34.77 M
Cash Flow From Operations		65.11 T	65.11 T	978.59 B	19.8 T	454.6 B	5.51 T	5.51 T	2.18 T	(1.18 T)
Annual Yield		0.0258	0.023	N/A	0.0293	N/A	0.0335	0.0147	0.0014	0.0803
Total Debt		509.73 B	509.73 B	4.71 T	14.74 T	1.11 T	11.04 T	11.04 T	2.11 T	74.13 T
Return On Equity		0.17	0.17	0.0859	0.15	0.0751	0.0819	0.0819	0.11	0.0796
Z Score		N/A	N/A	15.6	2.4	30.6	2.4	2.4	13.8	N/A
Return On Asset		0.062	0.062	0.022	0.0838	0.0422	0.0372	0.0372	0.0361	0.02
Total Asset		426.62 T	426.62 T	23.76 T	96.39 T	7.97 T	51.14 T	51.14 T	25.83 T	233.95 T
Target Price		65400.0	75711.0	629400.0	116956.0	1000000.0	N/A	851720.0	870607.0	N/A
Last Dividend Paid		1448.0	1444.0	N/A	2740.0	N/A	10050.0	10000.0	1030.0	7100.0
Shares Owned By Institutions		35.3	27.58	8.75	38.42	13.8	32.1	36.2	33.68	33.23
Market Capitalization		424.67 T	424.25 T	127.09 T	64.23 T	57.3 T	50.06 T	49.76 T	48.83 T	42.38 T
Price To Earnings To Growth		3.6	4.0	N/A	25.81	N/A	N/A	N/A	0.71	N/A
Price To Sales		1.29	1.29	5.28	1.1	23.45	0.98	0.97	2.45	0.28
Net Income		39.24 T	39.24 T	792.52 B	9.6 T	393.59 B	3.67 T	3.67 T	1.17 T	4.94 T
Earnings Per Share		873.86	1039.75	1533.23	187.08	2417.83	N/A	4956.35	8634.37	N/A
Shares Owned By Insiders		0.07	19.25	85.22	25.6	75.18	N/A	33.36	20.42	N/A
Revenue		279.6 T	279.6 T	17.85 T	43 T	1.57 T	42.65 T	42.65 T	13.55 T	117.61 T
Gross Profit		112.19 T	112.19 T	3.9 T	18.95 T	723.35 B	11.22 T	11.22 T	3.08 T	21.93 T
Day Typical Price	2406.67	44816.67	54166.67	354000.0	169567.0	942000.0	161700.0	254667.0	256833.0	157000.0
Accumulation Distribution	0.0954	0.0199	0.0165	0.0331	0.0209	0.0292	0.0183	0.0232	0.0249	0.0089
Market Facilitation Index	240.0	900.0	900.0	12000.0	3600.0	28000.0	3000.0	6000.0	6500.0	1400.0
Daily Balance Of Power	0.0833	0.7222	1.0	(0.75)	(0.31)	(0.39)	(0.40)	(0.50)	(0.15)	0.0714
Period Momentum Indicator	20.0	650.0	900.0	(9,000)	(1,100)	(11,000)	(1,200)	(3,000)	(1,000.00)	100.0
Rate Of Daily Change	1.01	1.01	1.02	0.97	0.99	0.99	0.99	0.99	1.0	1.0
Day Median Price	2395.0	44750.0	54050.0	356000.0	170100.0	944000.0	162200.0	255500.0	257750.0	156900.0
Price Action Indicator	45.0	525.0	800.0	(10,500)	(2,150)	(11,500)	(2,100)	(4,000)	(3,250)	350.0
Relative Strength Index	49.47	39.56	41.25	42.9	49.02	47.46	30.86	36.2	40.57	42.79
Coefficient Of Variation	1084.47	(1,068)	(1,190)	(2,420)	1580.88	(1,577)	(728.94)	(913.03)	(583.98)	(893.85)
Mean Deviation	6.81	1.62	1.66	2.18	2.52	0.8557	2.12	1.93	2.44	1.36
Jensen Alpha	0.9745	(0.20)	(0.20)	(0.12)	0.1848	(0.1)	(0.38)	(0.31)	(0.51)	(0.20)
Total Risk Alpha	0.5081	(0.31)	(0.30)	(0.26)	0.0525	(0.16)	(0.52)	(0.45)	(0.67)	(0.28)
Sortino Ratio	0.1201	N/A	N/A	N/A	0.0488	N/A	N/A	N/A	N/A	N/A
Downside Variance	60.61	N/A	N/A	N/A	10.06	N/A	N/A	N/A	N/A	N/A
Standard Deviation	10.62	2.16	2.27	3.01	3.15	1.38	2.82	2.86	3.06	1.72
Kurtosis	2.99	1.63	1.36	3.1	(0.04)	2.79	1.17	2.38	0.2949	(0.08)
Potential Upside	29.83	2.74	3.94	4.09	4.89	2.57	4.35	4.14	4.45	2.58
Treynor Ratio	(6.85)	1.02	(11.75)	0.3335	1.4	10.38	1.13	1.32	0.689	5.27
Maximum Drawdown	58.95	10.84	10.64	17.72	14.85	7.43	14.51	15.97	15.04	7.99
Variance	112.85	4.65	5.16	9.04	9.95	1.91	7.96	8.16	9.37	2.96
Market Risk Adjusted Performance	(6.84)	1.03	(11.74)	0.3435	1.41	10.39	1.14	1.33	0.699	5.28
Risk Adjusted Performance	0.083	(0.07)	(0.06)	(0.03)	0.058	(0.05)	(0.10)	(0.08)	(0.13)	(0.08)
Skewness	1.09	0.6015	0.7372	(0.78)	0.2428	0.4592	0.5145	0.35	0.2285	0.0859
Semi Deviation	6.94	N/A	N/A	N/A	2.89	N/A	N/A	N/A	N/A	N/A
Information Ratio	0.088	(0.11)	(0.10)	(0.06)	0.0491	(0.1)	(0.15)	(0.13)	(0.19)	(0.14)
Value At Risk	(10.77)	(3.67)	(3.64)	(3.90)	(4.63)	(2.50)	(4.61)	(5.40)	(5.98)	(2.97)
Expected Short fall	(8.64)	N/A	N/A	N/A	(2.64)	N/A	N/A	N/A	N/A	N/A
Downside Deviation	7.79	N/A	N/A	N/A	3.17	N/A	N/A	N/A	N/A	N/A
Semi Variance	48.11	N/A	N/A	N/A	8.33	N/A	N/A	N/A	N/A	N/A

BitNine Co Competition Performance Charts

Five steps to successful analysis of BitNine Co Competition

BitNine Co's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by BitNine Co in relation to its competition. BitNine Co's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of BitNine Co in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact BitNine Co's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to BitNine Co, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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