Bitwise Solana Competition
| BSOL Etf | 15.51 1.12 6.73% |
Bitwise Solana vs Bitwise Chainlink Correlation
Good diversification
The correlation between Bitwise Solana Staking and CLNK is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bitwise Solana Staking and CLNK in the same portfolio, assuming nothing else is changed.
Moving together with Bitwise Etf
| 0.72 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.72 | BITO | ProShares Bitcoin Downward Rally | PairCorr |
| 0.74 | BTC | Grayscale Bitcoin Mini | PairCorr |
| 0.71 | BTF | Valkyrie Bitcoin Strategy | PairCorr |
Moving against Bitwise Etf
Bitwise Solana Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Bitwise Solana and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Bitwise and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Bitwise Solana Staking does not affect the price movement of the other competitor.
High positive correlations
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Bitwise Solana Competition Risk-Adjusted Indicators
There is a big difference between Bitwise Etf performing well and Bitwise Solana ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Bitwise Solana's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.60 | (0.03) | (0.01) | 0.02 | 2.40 | 3.43 | 13.02 | |||
| MSFT | 1.24 | (0.29) | 0.00 | (1.12) | 0.00 | 1.85 | 4.90 | |||
| UBER | 1.47 | (0.24) | 0.00 | (0.26) | 0.00 | 2.50 | 10.23 | |||
| F | 1.47 | 0.18 | 0.10 | 0.52 | 1.32 | 3.65 | 16.30 | |||
| T | 0.88 | (0.03) | 0.00 | (0.14) | 0.00 | 1.63 | 4.30 | |||
| A | 1.19 | (0.22) | 0.00 | (0.12) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.53 | (0.30) | 0.00 | (0.24) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.11 | 0.04 | (0.01) | (0.50) | 1.66 | 2.00 | 7.38 | |||
| MRK | 1.26 | 0.30 | 0.21 | 0.47 | 1.14 | 3.59 | 8.09 | |||
| XOM | 1.06 | 0.24 | 0.18 | 0.45 | 0.96 | 2.38 | 5.82 |
Bitwise Solana Competitive Analysis
The better you understand Bitwise Solana competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Bitwise Solana's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Bitwise Solana's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
| BSOL | AETH | BITC | BITB | BITQ | BTOP | BWOW | CLNK | |
| 6.73 15.51 Bitwise | 0.14 34.98 Bitwise | 0.19 36.20 Bitwise | 5.60 45.67 Bitwise | 5.23 22.31 Bitwise | 0.07 27.83 Bitwise | 7.16 19.06 Bitwise | 6.73 20.08 Bitwise | Market Volatility (90 Days Market Risk) |
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Bitwise Solana Competition Performance Charts
Five steps to successful analysis of Bitwise Solana Competition
Bitwise Solana's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Bitwise Solana Staking in relation to its competition. Bitwise Solana's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Bitwise Solana in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Bitwise Solana's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Bitwise Solana Staking, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Bitwise Solana position
In addition to having Bitwise Solana in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Corona Opportunity Thematic Idea Now
Corona Opportunity
Firms that are involved in some capacity in making products or providing services to the public to buttle the virus directly or indirectly. This also includes some defencive and contrarian stocks and ETFs that are managing to avoid the big market correction coused by coronavirus. The Corona Opportunity theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Corona Opportunity Theme or any other thematic opportunities.
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Check out Bitwise Solana Correlation with its peers.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Investors evaluate Bitwise Solana Staking using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Bitwise Solana's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause Bitwise Solana's market price to deviate significantly from intrinsic value.
It's important to distinguish between Bitwise Solana's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Bitwise Solana should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Bitwise Solana's market price signifies the transaction level at which participants voluntarily complete trades.