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Bit Digital (MEX:BTBT) 6-Month Price Index : 1.86 (As of Dec. 12, 2024)


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What is Bit Digital 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-12-12), Bit Digital's 6-Month Price Index is 1.86.

Competitive Comparison of Bit Digital's 6-Month Price Index

For the Capital Markets subindustry, Bit Digital's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bit Digital  (MEX:BTBT) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bit Digital  (MEX:BTBT) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Bit Digital 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Bit Digital's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Bit Digital Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Digital Inc (MEX:BTBT) » Definitions » 6-Month Price Index
Comparable Companies
IREN TOP HGBL MDBH WULF CRKRD CURN GHL SIEB SRL MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW HKSE:03908
Traded in Other Exchanges
BTBT:USA
Address
33 Irving Place, New York, NY, USA, 10003
Website
https://www.bit-digital.com
Bit Digital Inc is engaged in the Bitcoin mining business, Ethereum staking activities and specialized cloud-infrastructure services for artificial intelligence applications through its wholly owned subsidiaries.. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. It generates revenue from digital asset mining and ETH staking business.