Bit Origin Stock Cash And Equivalents
| BTOG Stock | USD 4.12 0.24 6.19% |
Bit Origin fundamentals help investors to digest information that contributes to Bit Origin's financial success or failures. It also enables traders to predict the movement of Bit Stock. The fundamental analysis module provides a way to measure Bit Origin's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bit Origin stock.
Bit | Cash And Equivalents |
Bit Origin Company Cash And Equivalents Analysis
Bit Origin's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Current Bit Origin Cash And Equivalents | 17.8 K |
Most of Bit Origin's fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bit Origin is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Bit Cash And Equivalents Driver Correlations
Understanding the fundamental principles of building solid financial models for Bit Origin is extremely important. It helps to project a fair market value of Bit Stock properly, considering its historical fundamentals such as Cash And Equivalents. Since Bit Origin's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bit Origin's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bit Origin's interrelated accounts and indicators.
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Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
| Competition |
In accordance with the recently published financial statements, Bit Origin has 17.8 K in Cash And Equivalents. This is 100.0% lower than that of the Food Products sector and 100.0% lower than that of the Consumer Staples industry. The cash and equivalents for all United States stocks is 100.0% higher than that of the company.
Bit Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bit Origin's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bit Origin could also be used in its relative valuation, which is a method of valuing Bit Origin by comparing valuation metrics of similar companies.Bit Origin is currently under evaluation in cash and equivalents category among related companies.
Bit Fundamentals
| Return On Equity | -1.46 | |||
| Return On Asset | -0.35 | |||
| Operating Margin | (2.34) % | |||
| Current Valuation | 12.01 M | |||
| Shares Outstanding | 6.3 M | |||
| Shares Owned By Insiders | 9.93 % | |||
| Shares Owned By Institutions | 0.57 % | |||
| Number Of Shares Shorted | 317.78 K | |||
| Price To Book | 1.79 X | |||
| Price To Sales | 2.94 X | |||
| Revenue | 6.26 M | |||
| Gross Profit | (211.03 K) | |||
| EBITDA | (5.82 M) | |||
| Net Income | (28.22 M) | |||
| Cash And Equivalents | 17.8 K | |||
| Total Debt | 2.08 M | |||
| Current Ratio | 19.18 X | |||
| Book Value Per Share | 2.52 X | |||
| Cash Flow From Operations | (6.76 M) | |||
| Short Ratio | 1.89 X | |||
| Earnings Per Share | (9.28) X | |||
| Beta | 1.41 | |||
| Market Capitalization | 25.96 M | |||
| Total Asset | 13.34 M | |||
| Retained Earnings | (64.2 M) | |||
| Working Capital | 984.5 K | |||
| Net Asset | 13.34 M |
About Bit Origin Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bit Origin's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bit Origin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bit Origin based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Origin 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 Origin's short interest history, or implied volatility extrapolated from Bit Origin options trading.
Pair Trading with Bit Origin
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 Origin 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 Origin will appreciate offsetting losses from the drop in the long position's value.Moving together with Bit Stock
| 0.69 | LW | Lamb Weston Holdings Financial Report 23rd of July 2024 | PairCorr |
Moving against Bit Stock
| 0.7 | BG | Bunge Limited | PairCorr |
| 0.69 | VITL | Vital FarmsInc Earnings Call This Week | PairCorr |
| 0.56 | FDP | Fresh Del Monte | PairCorr |
| 0.51 | ADM | Archer Daniels Midland | PairCorr |
| 0.48 | CAG | ConAgra Foods Financial Report 11th of July 2024 | PairCorr |
The ability to find closely correlated positions to Bit Origin 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 Origin 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 Origin - 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 Origin to buy it.
The correlation of Bit Origin 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 Origin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bit Origin 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 Origin 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 Bit Origin Piotroski F Score and Bit Origin Altman Z Score analysis. For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Bit Stock analysis
When running Bit Origin's price analysis, check to measure Bit Origin'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 Origin is operating at the current time. Most of Bit Origin's value examination focuses on studying past and present price action to predict the probability of Bit Origin'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 Origin's price. Additionally, you may evaluate how the addition of Bit Origin to your portfolios can decrease your overall portfolio volatility.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |
Is Bit Origin'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 Origin. 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 Origin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (9.28) | Revenue Per Share 2.052 | Quarterly Revenue Growth 0.402 | Return On Assets (0.35) | Return On Equity (1.46) |
The market value of Bit Origin 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 Origin's value that differs from its market value or its book value, called intrinsic value, which is Bit Origin'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 Origin's market value can be influenced by many factors that don't directly affect Bit Origin'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 Origin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bit Origin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bit Origin'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.