Bitterroot Resources Stock Price on May 15, 2024
| BITTF Stock | USD 0.04 0.01 21.68% |
If you're considering investing in Bitterroot Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Bitterroot Resources stands at 0.04, as last reported on the 22nd of December, with the highest price reaching 0.04 and the lowest price hitting 0.03 during the day. Bitterroot Resources is out of control given 3 months investment horizon. Bitterroot Resources secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.53% are justified by taking the suggested risk. Use Bitterroot Resources Downside Deviation of 15.85, mean deviation of 9.21, and Risk Adjusted Performance of 0.1211 to evaluate company specific risk that cannot be diversified away.
Bitterroot Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Bitterroot |
Sharpe Ratio = 0.1633
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Estimated Market Risk
| 15.48 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.53 actual daily | 50 50% of assets have lower returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Bitterroot Resources is performing at about 12% 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 Bitterroot Resources by adding it to a well-diversified portfolio.
Bitterroot Resources Valuation on May 15, 2024
It is possible to determine the worth of Bitterroot Resources on a given historical date. On May 15, 2024 Bitterroot was worth 0.018 at the beginning of the trading date compared to the closed value of 0.018. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bitterroot Resources pink sheet. Still, in general, we apply an absolute valuation method to find Bitterroot Resources' 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 Bitterroot Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bitterroot Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.02 | 0.02 | 0.02 | 0.02 | 28,678 | |
05/15/2024 | 0.02 | 0.02 | 0.02 | 0.02 | 1.00 |
| 0.02 | 0.02 | 0.02 | 0.02 | 700.00 |
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Bitterroot Resources Trading Date Momentum on May 15, 2024
| On May 16 2024 Bitterroot Resources was traded for 0.02 at the closing time. The highest daily price throughout the period was 0.02 and the lowest price was 0.02 . The daily volume was 700. The net trading volume on 05/16/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 9.44% . The overall trading delta to current closing price is 17.22% . |
Bitterroot Resources Fundamentals Correlations and Trends
By evaluating Bitterroot Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bitterroot Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bitterroot financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bitterroot Resources Pink Sheet history
Bitterroot Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bitterroot is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bitterroot Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bitterroot Resources stock prices may prove useful in developing a viable investing in Bitterroot Resources
Bitterroot Resources Ltd., an exploration stage company, engages in the acquisition, development, exploration, and evaluation of mineral properties in the United States. The company was incorporated in 1951 and is headquartered in West Vancouver, Canada. Bitterroot Resources is traded on OTC Exchange in the United States.
Bitterroot Resources Pink Sheet Technical Analysis
Bitterroot Resources technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Bitterroot Resources Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
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Bitterroot Resources December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Bitterroot Resources pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bitterroot Resources shares will generate the highest return on investment. By undertsting and applying Bitterroot Resources pink sheet market strength indicators, traders can identify Bitterroot Resources entry and exit signals to maximize returns
Bitterroot Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bitterroot Resources' price direction in advance. Along with the technical and fundamental analysis of Bitterroot Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bitterroot 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 | 0.1211 | |||
| Jensen Alpha | 2.25 | |||
| Total Risk Alpha | 1.77 | |||
| Sortino Ratio | 0.1378 | |||
| Treynor Ratio | (1.04) |
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Complementary Tools for Bitterroot Pink Sheet analysis
When running Bitterroot Resources' price analysis, check to measure Bitterroot Resources' 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 Bitterroot Resources is operating at the current time. Most of Bitterroot Resources' value examination focuses on studying past and present price action to predict the probability of Bitterroot Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitterroot Resources' price. Additionally, you may evaluate how the addition of Bitterroot Resources to your portfolios can decrease your overall portfolio volatility.
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