BIT Computer (Korea) Market Value
| 032850 Stock | KRW 6,020 30.00 0.50% |
| Symbol | BIT |
BIT Computer 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to BIT Computer's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of BIT Computer.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in BIT Computer on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding BIT Computer Co or generate 0.0% return on investment in BIT Computer over 30 days. BIT Computer is related to or competes with MS Autotech, Mobase Electronics, FarmStory, N Citron, and Seojin Automotive. BIT Computer Co., Ltd provides hospital, clinic, and pharmacy solutions in South Korea, Thailand, Ukraine, Kazakhstan, A... More
BIT Computer Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure BIT Computer's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess BIT Computer Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.43 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 35.81 | |||
| Value At Risk | (6.66) | |||
| Potential Upside | 5.86 |
BIT Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BIT Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BIT Computer's standard deviation. In reality, there are many statistical measures that can use BIT Computer historical prices to predict the future BIT Computer's volatility.| Risk Adjusted Performance | 0.0126 | |||
| Jensen Alpha | 0.0213 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (2.69) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BIT Computer's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BIT Computer Backtested Returns
BIT Computer secures Sharpe Ratio (or Efficiency) of -0.0607, which signifies that the company had a -0.0607% return per unit of volatility over the last 3 months. BIT Computer Co exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BIT Computer's mean deviation of 3.09, and Risk Adjusted Performance of 0.0126 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0077, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BIT Computer are expected to decrease at a much lower rate. During the bear market, BIT Computer is likely to outperform the market. BIT Computer has an expected return of -0.2%. Please make sure to confirm BIT Computer total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if BIT Computer performance from the past will be repeated in the future.
Auto-correlation | 0.31 |
Below average predictability
BIT Computer Co has below average predictability. Overlapping area represents the amount of predictability between BIT Computer time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BIT Computer price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current BIT Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1505.0 |
BIT Computer lagged returns against current returns
Autocorrelation, which is BIT Computer stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting BIT Computer's stock expected returns. We can calculate the autocorrelation of BIT Computer returns to help us make a trade decision. For example, suppose you find that BIT Computer has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
BIT Computer regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If BIT Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BIT Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BIT Computer stock over time.
Current vs Lagged Prices |
| Timeline |
BIT Computer Lagged Returns
When evaluating BIT Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BIT Computer stock have on its future price. BIT Computer autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, BIT Computer autocorrelation shows the relationship between BIT Computer stock current value and its past values and can show if there is a momentum factor associated with investing in BIT Computer Co.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BIT Computer in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BIT Computer's short interest history, or implied volatility extrapolated from BIT Computer options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out BIT Computer Correlation, BIT Computer Volatility and BIT Computer Alpha and Beta module to complement your research on BIT Computer. Note that the BIT Computer information on this page should be used as a complementary analysis to other BIT Computer'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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for BIT Stock analysis
When running BIT Computer's price analysis, check to measure BIT Computer'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 Computer is operating at the current time. Most of BIT Computer's value examination focuses on studying past and present price action to predict the probability of BIT Computer'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 Computer's price. Additionally, you may evaluate how the addition of BIT Computer to your portfolios can decrease your overall portfolio volatility.
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BIT Computer 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.