PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
BTBT vs. ABEV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between BTBT and ABEV is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.2

Performance

BTBT vs. ABEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bit Digital, Inc. (BTBT) and Ambev S.A. (ABEV). The values are adjusted to include any dividend payments, if applicable.

0.00%500.00%1,000.00%1,500.00%JulyAugustSeptemberOctoberNovemberDecember
915.15%
3.42%
BTBT
ABEV

Key characteristics

Sharpe Ratio

BTBT:

0.01

ABEV:

-0.98

Sortino Ratio

BTBT:

0.95

ABEV:

-1.31

Omega Ratio

BTBT:

1.10

ABEV:

0.84

Calmar Ratio

BTBT:

0.01

ABEV:

-0.37

Martin Ratio

BTBT:

0.03

ABEV:

-1.36

Ulcer Index

BTBT:

41.21%

ABEV:

18.52%

Daily Std Dev

BTBT:

115.95%

ABEV:

25.54%

Max Drawdown

BTBT:

-98.16%

ABEV:

-74.18%

Current Drawdown

BTBT:

-88.55%

ABEV:

-67.38%

Fundamentals

Market Cap

BTBT:

$647.81M

ABEV:

$34.92B

EPS

BTBT:

-$0.03

ABEV:

$0.15

Total Revenue (TTM)

BTBT:

$98.00M

ABEV:

$82.41B

Gross Profit (TTM)

BTBT:

$31.01M

ABEV:

$41.27B

EBITDA (TTM)

BTBT:

$54.65M

ABEV:

$26.30B

Returns By Period

In the year-to-date period, BTBT achieves a -20.80% return, which is significantly higher than ABEV's -26.43% return.


BTBT

YTD

-20.80%

1M

-17.28%

6M

26.89%

1Y

-3.18%

5Y*

N/A

10Y*

N/A

ABEV

YTD

-26.43%

1M

-5.07%

6M

-0.96%

1Y

-25.60%

5Y*

-11.73%

10Y*

-7.18%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

BTBT vs. ABEV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Bit Digital, Inc. (BTBT) and Ambev S.A. (ABEV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for BTBT, currently valued at 0.01, compared to the broader market-4.00-2.000.002.000.01-0.98
The chart of Sortino ratio for BTBT, currently valued at 0.95, compared to the broader market-4.00-2.000.002.004.000.95-1.31
The chart of Omega ratio for BTBT, currently valued at 1.10, compared to the broader market0.501.001.502.001.100.84
The chart of Calmar ratio for BTBT, currently valued at 0.01, compared to the broader market0.002.004.006.000.01-0.62
The chart of Martin ratio for BTBT, currently valued at 0.03, compared to the broader market-5.000.005.0010.0015.0020.0025.000.03-1.36
BTBT
ABEV

The current BTBT Sharpe Ratio is 0.01, which is higher than the ABEV Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of BTBT and ABEV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
0.01
-0.98
BTBT
ABEV

Dividends

BTBT vs. ABEV - Dividend Comparison

BTBT has not paid dividends to shareholders, while ABEV's dividend yield for the trailing twelve months is around 7.14%.


TTM20232022202120202019201820172016201520142013
BTBT
Bit Digital, Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ABEV
Ambev S.A.
0.00%5.25%5.37%4.39%2.68%2.51%3.80%2.57%3.75%5.09%5.31%1.64%

Drawdowns

BTBT vs. ABEV - Drawdown Comparison

The maximum BTBT drawdown since its inception was -98.16%, which is greater than ABEV's maximum drawdown of -74.18%. Use the drawdown chart below to compare losses from any high point for BTBT and ABEV. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%JulyAugustSeptemberOctoberNovemberDecember
-88.55%
-38.99%
BTBT
ABEV

Volatility

BTBT vs. ABEV - Volatility Comparison

Bit Digital, Inc. (BTBT) has a higher volatility of 37.58% compared to Ambev S.A. (ABEV) at 11.84%. This indicates that BTBT's price experiences larger fluctuations and is considered to be riskier than ABEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
37.58%
11.84%
BTBT
ABEV

Financials

BTBT vs. ABEV - Financials Comparison

This section allows you to compare key financial metrics between Bit Digital, Inc. and Ambev S.A.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab