Ninepoint Bitcoin Financials
| BITC Etf | CAD 24.93 0.43 1.76% |
3 y Sharp Ratio 0.07 |
Ninepoint |
The data published in Ninepoint Bitcoin's official financial statements typically reflect Ninepoint Bitcoin's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Ninepoint Bitcoin's quantitative information. For example, before you start analyzing numbers published by Ninepoint accountants, it's essential to understand Ninepoint Bitcoin's liquidity, profitability, and earnings quality within the context of the Alternative Other space in which it operates.
Ninepoint Bitcoin Etf Summary
Ninepoint Bitcoin competes with 3iQ Bitcoin, 3iQ CoinShares, IShares Canadian, PHN Multi, and Altagas Cum. Ninepoint Bitcoin is entity of Canada. It is traded as Etf on TO exchange.Ninepoint Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ninepoint Bitcoin's current stock value. Our valuation model uses many indicators to compare Ninepoint Bitcoin value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ninepoint Bitcoin competition to find correlations between indicators driving Ninepoint Bitcoin's intrinsic value. More Info.Ninepoint Bitcoin ETF is fourth largest ETF in one year return as compared to similar ETFs. It also is fourth largest ETF in three year return as compared to similar ETFs reporting about 0.07 of Three Year Return per One Year Return. The ratio of One Year Return to Three Year Return for Ninepoint Bitcoin ETF is roughly 14.75 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ninepoint Bitcoin by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ninepoint Bitcoin's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Ninepoint Bitcoin ETF Systematic Risk
Ninepoint Bitcoin's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ninepoint Bitcoin volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Ninepoint Bitcoin ETF correlated with the market. If Beta is less than 0 Ninepoint Bitcoin generally moves in the opposite direction as compared to the market. If Ninepoint Bitcoin Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ninepoint Bitcoin ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ninepoint Bitcoin is generally in the same direction as the market. If Beta > 1 Ninepoint Bitcoin moves generally in the same direction as, but more than the movement of the benchmark.
Ninepoint Bitcoin November 29, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Ninepoint Bitcoin help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ninepoint Bitcoin ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ninepoint Bitcoin ETF based on widely used predictive technical indicators. In general, we focus on analyzing Ninepoint Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ninepoint Bitcoin's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.1482 | |||
| Maximum Drawdown | 18.38 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 3.75 |
Other Information on Investing in Ninepoint Etf
Ninepoint Bitcoin financial ratios help investors to determine whether Ninepoint Etf 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 Ninepoint with respect to the benefits of owning Ninepoint Bitcoin security.