Bitwise Funds Earnings Estimate
Bitwise Funds Earnings per Share Projection vs Actual
About Bitwise Funds Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Bitwise Funds earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Bitwise Funds estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Bitwise Funds fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.Bitwise Funds is entity of United States. It is traded as Etf on NYSE ARCA exchange.
Pair Trading with Bitwise Funds
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitwise Funds position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitwise Funds will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bitwise Funds could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitwise Funds when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitwise Funds - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitwise Funds Trust to buy it.
The correlation of Bitwise Funds is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitwise Funds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitwise Funds Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bitwise Funds can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitwise Funds Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Understanding Bitwise Funds Trust requires distinguishing between market price and book value, where the latter reflects Bitwise's accounting equity. The concept of intrinsic value - what Bitwise Funds' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Bitwise Funds' price substantially above or below its fundamental value.
It's important to distinguish between Bitwise Funds' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Bitwise Funds should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Bitwise Funds' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.