Bitwise Funds Financial Statements From 2010 to 2026
| BITQ Etf | USD 22.31 1.23 5.23% |
Check Bitwise Funds financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bitwise Funds' main balance sheet or income statement drivers, such as , as well as many indicators such as . Bitwise financial statements analysis is a perfect complement when working with Bitwise Funds Valuation or Volatility modules.
This module can also supplement Bitwise Funds' financial leverage analysis and stock options assessment as well as various Bitwise Funds Technical models . Check out the analysis of Bitwise Funds Correlation against competitors. 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.Moving together with Bitwise Etf
| 0.97 | BLOK | Amplify Transformational Potential Growth | PairCorr |
| 0.95 | BLCN | Siren Nasdaq NexGen | PairCorr |
| 0.99 | DAPP | VanEck Digital Trans | PairCorr |
| 0.96 | CRPT | First Trust SkyBridge | PairCorr |
Moving against Bitwise Etf
| 0.46 | PXMV | Invesco SP MidCap | PairCorr |
| 0.4 | DIVD | Altrius Global Dividend | PairCorr |
| 0.37 | HCOW | Amplify Cash Flow | PairCorr |
| 0.32 | GAPR | First Trust Exchange | PairCorr |
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 the analysis of Bitwise Funds Correlation against competitors. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
The market value of Bitwise Funds Trust is measured differently than its book value, which is the value of Bitwise that is recorded on the company's balance sheet. Investors also form their own opinion of Bitwise Funds' value that differs from its market value or its book value, called intrinsic value, which is Bitwise Funds' true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Bitwise Funds' market value can be influenced by many factors that don't directly affect Bitwise Funds' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic 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. Meanwhile, Bitwise Funds' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.