BitNine Co (Korea) Price on November 21, 2024
| 357880 Stock | 2,265 120.00 5.03% |
If you're considering investing in BitNine Stock, it is important to understand the factors that can impact its price. As of today, the current price of BitNine Co stands at 2,265, as last reported on the 27th of December, with the highest price reaching 2,450 and the lowest price hitting 2,235 during the day. BitNine Co is very steady given 3 months investment horizon. BitNine Co secures Sharpe Ratio (or Efficiency) of 0.0941, which signifies that the company had a 0.0941% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use BitNine Co Risk Adjusted Performance of 0.0833, mean deviation of 6.8, and Downside Deviation of 7.78 to evaluate company specific risk that cannot be diversified away.
BitNine Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
BitNine |
Sharpe Ratio = 0.0941
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 357880 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 11.11 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.05 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.09 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.
BitNine Co Valuation on November 21, 2024
It is possible to determine the worth of BitNine Co on a given historical date. On November 21, 2024 BitNine was worth 3095.0 at the beginning of the trading date compared to the closed value of 2740.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BitNine Co stock. Still, in general, we apply an absolute valuation method to find BitNine Co's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of BitNine Co where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BitNine Co's related companies.
| Open | High | Low | Close | Volume | |
| 3,700 | 3,995 | 3,165 | 3,305 | 18,605,256 | |
11/21/2024 | 3,095 | 3,165 | 2,615 | 2,740 | 6,171,255 |
| 2,850 | 2,855 | 2,355 | 2,445 | 5,669,197 |
| Backtest BitNine Co | | | BitNine Co History | Previous | Next |
BitNine Co Trading Date Momentum on November 21, 2024
| On November 22 2024 BitNine Co was traded for 2,445 at the closing time. The highest price during the trading period was 2,855 and the lowest recorded bid was listed for 2,355 . The volume for the day was 5.7 M. This history from November 22, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 10.77% . The overall trading delta to the current price is 11.86% . |
Price Boundaries
BitNine Co Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
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BitNine Co December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how BitNine Co stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BitNine Co shares will generate the highest return on investment. By undertsting and applying BitNine Co stock market strength indicators, traders can identify BitNine Co entry and exit signals to maximize returns
BitNine Co Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BitNine Co's price direction in advance. Along with the technical and fundamental analysis of BitNine Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of BitNine to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0833 | |||
| Jensen Alpha | 0.9407 | |||
| Total Risk Alpha | 0.4019 | |||
| Sortino Ratio | 0.1205 | |||
| Treynor Ratio | 1.06 |
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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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