Bitcoin Strategy Competition

Mutual Funds . USA . 
Fund . Bitcoin Strategy Profund
BTCFX Fund  USD 14.16  2.18  13.34%   
Bitcoin Strategy Profund competes with BlackRock Utility, Pioneer Amt-free, Meridian Contrarian, Gabelli Gold, and Wilmington Large-cap; as well as few others. The fund is listed under Digital Assets category and is part of ProFunds family. Analyzing Bitcoin Strategy competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Bitcoin Strategy to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Bitcoin Strategy Correlation with its peers.

Bitcoin Strategy vs Intech Us Correlation

Very good diversification

The correlation between Bitcoin Strategy Profund and JRSCX is -0.46 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bitcoin Strategy Profund and JRSCX in the same portfolio, assuming nothing else is changed.

Moving against Bitcoin Mutual Fund

  0.67PHPIX Pharmaceuticals UltrasectorPairCorr
  0.57MLPSX Mid Cap ValuePairCorr
  0.57MLPIX Mid Cap ValuePairCorr
  0.55ENPSX Oil Gas Ultrasector Steady GrowthPairCorr
  0.55ENPIX Oil Gas Ultrasector Steady GrowthPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
10.8914.1617.43
Details
Intrinsic
Valuation
LowRealHigh
10.7814.0517.32
Details
Naive
Forecast
LowNextHigh
8.4911.7615.02
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.6519.6522.65
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bitcoin Strategy. Your research has to be compared to or analyzed against Bitcoin Strategy's peers to derive any actionable benefits. When done correctly, Bitcoin Strategy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bitcoin Strategy Profund.

Bitcoin Strategy Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Bitcoin Strategy and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Bitcoin 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 Bitcoin Strategy Profund does not affect the price movement of the other competitor.

High positive correlations

MVALX
+ 1.0
MFCIX
GLDIX
+ 1.0
GOLDX
JRSCX
+ 0.96
WMLIX
GLVYX
+ 0.94
MFCIX
MVALX
+ 0.94
GLVYX
WMLIX
+ 0.89
MFCIX
  

High negative correlations

WMLIX
- 0.03
PBYMX
JRSCX
- 0.01
PBYMX
GLDIX
- 0.01
PBYMX
GOLDX
- 0.01
PBYMX

Risk-Adjusted Indicators

There is a big difference between Bitcoin Mutual Fund performing well and Bitcoin Strategy Mutual Fund 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 Bitcoin Strategy'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BUI  0.69  0.15  0.11  0.57  0.67 
(0.76)
 1.87 
(1.20)
 5.64 
PBYMX  0.11 (0.02) 0.00 (0.35) 0.00 
 0.00 
 0.24 
(0.24)
 1.96 
MFCIX  1.21  0.21  0.19  0.24  0.95 
(1.52)
 1.98 
(1.90)
 17.29 
GOLDX  1.99  0.47  0.15  0.51  2.64 
(2.16)
 4.66 
(4.11)
 18.06 
WMLIX  0.78  0.11  0.15  0.18  0.58 
(0.94)
 1.49 
(1.23)
 14.86 
GLVYX  1.01  0.06  0.04  0.15  1.00 
(1.14)
 1.46 
(1.77)
 18.84 
MVALX  1.20  0.20  0.19  0.24  0.95 
(1.51)
 1.98 
(1.90)
 17.01 
GLDIX  1.99  0.47  0.15  0.51  2.63 
(2.16)
 4.63 
(4.10)
 18.06 
FSLEX  0.77 (0.01)(0.01) 0.07  1.03 
(0.74)
 1.37 
(1.83)
 3.64 
JRSCX  0.72  0.13  0.12  0.29  0.60 
(0.83)
 1.28 
(1.11)
 13.08 

Bitcoin Strategy Competitive Analysis

The better you understand Bitcoin Strategy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Bitcoin Strategy'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 Bitcoin Strategy'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
BTCFX BUI PBYMX MFCIX GOLDX WMLIX GLVYX MVALX GLDIX FSLEX
 13.34 
 14.16 
Bitcoin
 1.05 
 27.99 
BlackRock
 0.08 
 12.27 
PIONEER
 3.69 
 42.19 
Meridian
 4.63 
 52.70 
Gabelli
 2.06 
 33.65 
Wilmington
 0.86 
 79.65 
Oppenheimer
 3.68 
 42.81 
Meridian
 4.63 
 54.18 
Gabelli
 2.87 
 50.21 
Environment
Market Volatility
(90 Days Market Risk)
Not too volatile
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Weakest
Good
Weakest
Good
Good
Fair
Mild
Good
Good
Fair
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Under Valued
Fairly Valued
Under Valued
Fairly Valued
Under Valued
Fairly Valued
Under Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Strong Sell
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Buy
Cautious Hold
Strong Buy
Strong Hold
Strong Buy
Strong Hold
Strong Buy
Strong Hold
Strong Hold
Net Asset
31.96 M
513.83 M
915.51 M
602.1 M
785.13 M
601.1 M
625.35 M
602.1 M
785.13 M
596.96 M
EBITDA
N/A
35.66 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Book
N/A
1.11
N/A
2.22
1.76
2.56
1.62
2.52
1.76
2.86
Retained Earnings
N/A
139.99 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Five Year Return
N/A
6.54
-1.5
8.82
29.68
13.88
4.46
9.65
25.46
11.77
One Year Return
N/A
N/A
-0.91
21.41
100.0
16.43
10.55
23.54
100.0
17.96
Beta
N/A
0.53
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash Position Weight
N/A
N/A
7.22
9.31
0.18
N/A
0.42
2.62
1.21
1.07
Equity Positions Weight
N/A
N/A
N/A
90.33
99.74
99.97
99.58
97.38
98.79
98.93
Shares Outstanding
N/A
22.71 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Three Year Return
N/A
N/A
1.49
13.45
55.49
20.71
18.88
12.92
48.12
21.86
Cash Flow From Operations
N/A
31.59 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Annual Yield
N/A
0.0589
0.0138
0.0025
0.0717
0.0086
N/A
0.0031
0.0714
0.0037
Total Debt
N/A
18.73 K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Bond Positions Weight
N/A
N/A
92.77
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Number Of Shares Shorted
N/A
276.69 K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Minimum Initial Investment
1 K
N/A
5 M
N/A
N/A
100 K
1 K
1 K
500 K
N/A
Total Asset
31.96 M
513.83 M
414.23 M
7.12 M
274.83 M
601.1 M
949.26 M
592.04 M
423.29 M
596.96 M
Short Ratio
N/A
2.59
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Last Dividend Paid
N/A
N/A
0.03
0.91
0.35
0.07
N/A
0.94
0.4
0.02
Shares Owned By Institutions
N/A
16.82
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Market Capitalization
N/A
629.2 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Earning
N/A
5.48
N/A
20.77
27.33
18.78
21.45
22.56
27.33
16.76
Price To Sales
N/A
6.48
N/A
1.4
3.12
1.78
1.85
1.64
3.12
1.19
Net Income
N/A
35.62 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Earnings Per Share
N/A
4.27
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Revenue
N/A
37.27 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Year To Date Return
N/A
N/A
0.4
7.83
26.62
2.08
2.18
7.07
9.24
3.64
Ten Year Return
N/A
N/A
5.43
10.52
-0.41
12.93
12.17
10.64
-0.16
8.09
Day Typical Price
14.16
27.98
12.27
42.19
52.7
33.65
79.65
42.81
54.18
50.21
Accumulation Distribution
N/A
971.98
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Daily Balance Of Power
0
0.9667
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
Period Momentum Indicator
(2.18)
0.29
0.01
1.5
2.33
0.68
0.68
1.52
2.4
1.4
Rate Of Daily Change
0.87
1.01
1.0
1.04
1.05
1.02
1.01
1.04
1.05
1.03
Day Median Price
14.16
27.97
12.27
42.19
52.7
33.65
79.65
42.81
54.18
50.21
Price Action Indicator
(1.09)
0.16
0.005
0.75
1.17
0.34
0.34
0.76
1.2
0.7
Coefficient Of Variation
(416.97)
542.45
(3,789)
705.04
503.49
815.51
1614.57
703.43
502.54
1332.45
Mean Deviation
2.46
0.691
0.1093
1.21
1.99
0.7843
1.01
1.2
1.99
0.7699
Jensen Alpha
(0.82)
0.1518
(0.02)
0.207
0.4706
0.1122
0.059
0.204
0.4713
(0.01)
Total Risk Alpha
(1.13)
0.0766
(0.04)
0.0872
0.2755
0.0318
(0.09)
0.0868
0.2763
(0.03)
Sortino Ratio
N/A
0.1084
N/A
0.1928
0.1458
0.1504
0.042
0.1905
0.1461
(0.01)
Downside Variance
N/A
0.8007
N/A
1.44
10.78
0.7056
1.33
1.43
10.76
1.34
Standard Deviation
3.3
1.01
0.2241
2.26
2.86
1.76
2.23
2.24
2.86
0.9903
Kurtosis
2.21
4.31
18.97
32.17
3.46
42.0
41.84
31.55
3.48
0.3741
Potential Upside
3.85
1.87
0.2445
1.98
4.66
1.49
1.46
1.98
4.63
1.37
Treynor Ratio
(3.92)
0.5665
(0.35)
0.2382
0.5067
0.175
0.1478
0.2362
0.5077
0.0662
Maximum Drawdown
13.64
5.64
1.96
17.29
18.06
14.86
18.84
17.01
18.06
3.64
Variance
10.91
1.03
0.0502
5.12
8.19
3.1
4.97
5.0
8.18
0.9808
Market Risk Adjusted Performance
(3.91)
0.5765
(0.34)
0.2482
0.5167
0.185
0.1578
0.2462
0.5177
0.0762
Risk Adjusted Performance
(0.19)
0.1506
(0.05)
0.1207
0.1672
0.1042
0.0563
0.1209
0.1675
0.0623
Skewness
(0.69)
0.966
2.88
4.8
(1.00)
5.8
5.77
4.73
(1.00)
(0.30)
Semi Deviation
N/A
0.6748
N/A
0.953
2.64
0.5791
1.0
0.9527
2.63
1.03
Information Ratio
(0.27)
0.0958
(0.43)
0.1022
0.1673
0.0717
0.0217
0.1021
0.1676
(0.02)
Value At Risk
(6.08)
(1.20)
(0.24)
(1.90)
(4.11)
(1.23)
(1.77)
(1.90)
(4.10)
(1.83)
Expected Short fall
N/A
(0.76)
N/A
(1.52)
(2.16)
(0.94)
(1.14)
(1.51)
(2.16)
(0.74)
Downside Deviation
N/A
0.8948
N/A
1.2
3.28
0.84
1.15
1.2
3.28
1.16
Semi Variance
N/A
0.4554
N/A
0.9082
6.95
0.3354
1.0
0.9076
6.94
1.07

Bitcoin Strategy Competition Performance Charts

Five steps to successful analysis of Bitcoin Strategy Competition

Bitcoin Strategy'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 Bitcoin Strategy Profund in relation to its competition. Bitcoin Strategy's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Bitcoin Strategy 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 Bitcoin Strategy's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Bitcoin Strategy Profund, 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.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Bitcoin Strategy position

In addition to having Bitcoin Strategy 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 Airlines Thematic Idea Now

Airlines
Airlines Theme
Domestic and international airlines and airline services. The Airlines theme has 21 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 Airlines Theme or any other thematic opportunities.
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Other Information on Investing in Bitcoin Mutual Fund

Bitcoin Strategy financial ratios help investors to determine whether Bitcoin Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bitcoin with respect to the benefits of owning Bitcoin Strategy security.
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