Bit Net Income Per E B T from 2010 to 2024
| BTBT Stock | USD 2.72 0.08 3.03% |
Net Income Per E B T | First Reported 2010-12-31 | Previous Quarter 1.02049648 | Current Value 0.55 | Quarterly Volatility 0.38641178 |
Check Bit Digital financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bit main balance sheet or income statement drivers, such as Depreciation And Amortization of 7.6 M, Interest Expense of 160.1 M or Selling General Administrative of 14.7 M, as well as many exotic indicators such as Price To Sales Ratio of 11.57, Dividend Yield of 0.0038 or PTB Ratio of 2.07. Bit financial statements analysis is a perfect complement when working with Bit Digital Valuation or Volatility modules.
Bit | Net Income Per E B T |
Latest Bit Digital's Net Income Per E B T Growth Pattern
Below is the plot of the Net Income Per E B T of Bit Digital over the last few years. It is Bit Digital's Net Income Per E B T historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Bit Digital's overall financial position and show how it may be relating to other accounts over time.
| Net Income Per E B T | 10 Years Trend |
|
Net Income Per E B T |
| Timeline |
Bit Net Income Per E B T Regression Statistics
| Arithmetic Mean | 0.70 | |
| Coefficient Of Variation | 55.33 | |
| Mean Deviation | 0.21 | |
| Median | 0.73 | |
| Standard Deviation | 0.39 | |
| Sample Variance | 0.15 | |
| Range | 1.7057 | |
| R-Value | (0.08) | |
| Mean Square Error | 0.16 | |
| R-Squared | 0.01 | |
| Significance | 0.78 | |
| Slope | (0.01) | |
| Total Sum of Squares | 2.09 |
Bit Net Income Per E B T History
About Bit Digital Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Bit Digital income statement, its balance sheet, and the statement of cash flows. Bit Digital investors use historical funamental indicators, such as Bit Digital's Net Income Per E B T, to determine how well the company is positioned to perform in the future. Although Bit Digital investors may use each financial statement separately, they are all related. The changes in Bit Digital's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Bit Digital's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Bit Digital Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Bit Digital. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Income Per E B T | 1.02 | 0.55 |
Pair Trading with Bit Digital
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bit Digital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bit Digital will appreciate offsetting losses from the drop in the long position's value.Moving together with Bit Stock
| 0.74 | FUBO | FubotvInc | PairCorr |
| 0.66 | MFH | Mercurity Fintech Holding | PairCorr |
Moving against Bit Stock
| 0.61 | ML | MoneyLion | PairCorr |
| 0.49 | DM | Desktop Metal | PairCorr |
| 0.44 | GB | Global Blue Group | PairCorr |
The ability to find closely correlated positions to Bit Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bit Digital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bit Digital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bit Digital to buy it.
The correlation of Bit Digital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bit Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bit Digital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bit Digital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Bit Digital Correlation against competitors. For more information on how to buy Bit Stock please use our How to Invest in Bit Digital guide.Note that the Bit Digital information on this page should be used as a complementary analysis to other Bit Digital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Bit Stock analysis
When running Bit Digital's price analysis, check to measure Bit Digital'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 Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.
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Is Bit Digital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bit Digital. If investors know Bit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bit Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.3 | Revenue Per Share 0.693 | Quarterly Revenue Growth 2.665 | Return On Assets (0.06) | Return On Equity 0.2184 |
The market value of Bit Digital is measured differently than its book value, which is the value of Bit that is recorded on the company's balance sheet. Investors also form their own opinion of Bit Digital's value that differs from its market value or its book value, called intrinsic value, which is Bit Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bit Digital's market value can be influenced by many factors that don't directly affect Bit Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bit Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bit Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bit Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.