Bittium Oyj (Finland) Performance
| BITTI Stock | EUR 5.86 0.24 3.93% |
On a scale of 0 to 100, Bittium Oyj holds a performance score of 11. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bittium Oyj are expected to decrease at a much lower rate. During the bear market, Bittium Oyj is likely to outperform the market. Please check Bittium Oyj's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Bittium Oyj's price patterns will revert.
Risk-Adjusted Performance
11 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Bittium Oyj are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite fairly weak forward indicators, Bittium Oyj demonstrated solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 22 M |
Bittium |
Bittium Oyj Relative Risk vs. Return Landscape
If you would invest 464.00 in Bittium Oyj on February 1, 2024 and sell it today you would earn a total of 122.00 from holding Bittium Oyj or generate 26.29% return on investment over 90 days. Bittium Oyj is generating 0.4155% of daily returns and assumes 2.84% volatility on return distribution over the 90 days horizon. Simply put, 25% of stocks are less volatile than Bittium, and 92% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Bittium Oyj Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bittium Oyj's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Bittium Oyj, and traders can use it to determine the average amount a Bittium Oyj's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1463
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Estimated Market Risk
| 2.84 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Bittium Oyj is performing at about 11% 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 Bittium Oyj by adding it to a well-diversified portfolio.
Bittium Oyj Fundamentals Growth
Bittium Stock prices reflect investors' perceptions of the future prospects and financial health of Bittium Oyj, and Bittium Oyj fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Bittium Stock performance.
| Return On Equity | 0.0026 | |||
| Return On Asset | 0.0019 | |||
| Profit Margin | 0 % | |||
| Operating Margin | 0.01 % | |||
| Current Valuation | 126.05 M | |||
| Shares Outstanding | 35.7 M | |||
| Price To Earning | 37.85 X | |||
| Price To Book | 1.09 X | |||
| Price To Sales | 1.51 X | |||
| Revenue | 82.5 M | |||
| EBITDA | 11.2 M | |||
| Cash And Equivalents | 33.5 M | |||
| Cash Per Share | 0.94 X | |||
| Total Debt | 20 M | |||
| Debt To Equity | 21.30 % | |||
| Book Value Per Share | 2.31 X | |||
| Cash Flow From Operations | 8 M | |||
| Earnings Per Share | 0.10 X | |||
| Total Asset | 169.7 M | |||
About Bittium Oyj Performance
To evaluate Bittium Oyj Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Bittium Oyj generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Bittium Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Bittium Oyj market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Bittium's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Bittium Oyj develops communications and connectivity solutions worldwide. Bittium Oyj was founded in 1985 and is headquartered in Oulu, Finland. Bittium operates under Diversified Telecommunications classification in Finland and is traded on Helsinki Exchange. It employs 680 people.Things to note about Bittium Oyj performance evaluation
Checking the ongoing alerts about Bittium Oyj for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Bittium Oyj help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| About 22.0% of the company shares are held by company insiders |
- Analyzing Bittium Oyj's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Bittium Oyj's stock is overvalued or undervalued compared to its peers.
- Examining Bittium Oyj's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Bittium Oyj's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bittium Oyj's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Bittium Oyj's stock. These opinions can provide insight into Bittium Oyj's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bittium Oyj. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running Bittium Oyj's price analysis, check to measure Bittium Oyj'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 Bittium Oyj is operating at the current time. Most of Bittium Oyj's value examination focuses on studying past and present price action to predict the probability of Bittium Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bittium Oyj's price. Additionally, you may evaluate how the addition of Bittium Oyj to your portfolios can decrease your overall portfolio volatility.
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