Bitfarms Stock Performance

BITF Stock  USD 2.14  0.15  7.54%   
On a scale of 0 to 100, Bitfarms holds a performance score of 5. The firm shows a Beta (market volatility) of 3.91, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bitfarms will likely underperform. Please check Bitfarms' maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Bitfarms' price patterns will revert.

Risk-Adjusted Performance

5 of 100

 
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Strong
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Bitfarms are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite nearly abnormal basic indicators, Bitfarms reported solid returns over the last few months and may actually be approaching a breakup point. ...more

Actual Historical Performance (%)

One Day Return
7.54
Five Day Return
(1.38)
Year To Date Return
(24.65)
Ten Year Return
44.59
All Time Return
44.59
1
Bitfarms earns fewer bitcoins in September
10/01/2024
2
Bitfarms Ltd Q2 2024 Earnings Call Highlights Navigating Challenges and Exploring New ...
10/09/2024
3
Bitcoin Prices Up Nearing 70,000, Bloomberg and CryptoQuant See This Hike Will Continue
10/21/2024
4
Bitfarms Shares Down 9.3 percent Heres Why
10/31/2024
5
Bitfarms Shares Up 17.4 percent Still a Buy
11/07/2024
6
Bitfarms Ltd. Reports Q3 Loss, Tops Revenue Estimates
11/13/2024
7
Bitfarms Ltd Q3 2024 Earnings Call Highlights Strategic Expansion and Efficiency Gains ...
11/14/2024
8
Bitfarms Announces Results of Special Meeting of Shareholders
11/21/2024
9
Bitfarms Upgraded by Stifel Canada to Moderate Buy Rating
11/26/2024
10
This Veeva Systems Analyst Begins Coverage On A Bullish Note Here Are Top 5 Initiations For Wednesday
12/04/2024
Begin Period Cash Flow30.9 M
  

Bitfarms Relative Risk vs. Return Landscape

If you would invest  179.00  in Bitfarms on September 6, 2024 and sell it today you would earn a total of  35.00  from holding Bitfarms or generate 19.55% return on investment over 90 days. Bitfarms is currently generating 0.4627% in daily expected returns and assumes 6.0885% risk (volatility on return distribution) over the 90 days horizon. In different words, 54% of stocks are less volatile than Bitfarms, and 91% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
       Risk  
Given the investment horizon of 90 days Bitfarms is expected to generate 8.27 times more return on investment than the market. However, the company is 8.27 times more volatile than its market benchmark. It trades about 0.08 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.24 per unit of risk.

Bitfarms Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitfarms' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Bitfarms, and traders can use it to determine the average amount a Bitfarms' 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 = 0.076

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Estimated Market Risk

 6.09
  actual daily
54
54% of assets are less volatile

Expected Return

 0.46
  actual daily
9
91% of assets have higher returns

Risk-Adjusted Return

 0.08
  actual daily
5
95% of assets perform better
Based on monthly moving average Bitfarms is performing at about 5% 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 Bitfarms by adding it to a well-diversified portfolio.

Bitfarms Fundamentals Growth

Bitfarms Stock prices reflect investors' perceptions of the future prospects and financial health of Bitfarms, and Bitfarms 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 Bitfarms Stock performance.

About Bitfarms Performance

By analyzing Bitfarms' fundamental ratios, stakeholders can gain valuable insights into Bitfarms' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Bitfarms has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Bitfarms has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 1.53  1.46 
Return On Tangible Assets(0.28)(0.29)
Return On Capital Employed(0.23)(0.24)
Return On Assets(0.27)(0.29)
Return On Equity(0.35)(0.37)

Things to note about Bitfarms performance evaluation

Checking the ongoing alerts about Bitfarms for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Bitfarms help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Bitfarms had very high historical volatility over the last 90 days
The company reported the previous year's revenue of 146.37 M. Net Loss for the year was (105.94 M) with profit before overhead, payroll, taxes, and interest of 10.52 M.
About 23.0% of the company shares are held by company insiders
Latest headline from benzinga.com: This Veeva Systems Analyst Begins Coverage On A Bullish Note Here Are Top 5 Initiations For Wednesday
Evaluating Bitfarms' performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Bitfarms' stock performance include:
  • Analyzing Bitfarms' 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 Bitfarms' stock is overvalued or undervalued compared to its peers.
  • Examining Bitfarms' 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 Bitfarms' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bitfarms' management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Bitfarms' stock. These opinions can provide insight into Bitfarms' potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Bitfarms' stock performance is not an exact science, and many factors can impact Bitfarms' stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Complementary Tools for Bitfarms Stock analysis

When running Bitfarms' price analysis, check to measure Bitfarms' 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 Bitfarms is operating at the current time. Most of Bitfarms' value examination focuses on studying past and present price action to predict the probability of Bitfarms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitfarms' price. Additionally, you may evaluate how the addition of Bitfarms to your portfolios can decrease your overall portfolio volatility.
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