ProShares Bitcoin Financials
| BITO Etf | USD 26.69 0.26 0.98% |
Net Expense Ratio 0.0095 | 3 y Sharp Ratio 0.21 |
ProShares |
The data published in ProShares Bitcoin's official financial statements typically reflect ProShares 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 ProShares Bitcoin's quantitative information. For example, before you start analyzing numbers published by ProShares accountants, it's essential to understand ProShares Bitcoin's liquidity, profitability, and earnings quality within the context of the ProShares space in which it operates.
ProShares Bitcoin Etf Summary
ProShares Bitcoin competes with Grayscale Bitcoin, Siren Nasdaq, Grayscale Bitcoin, and First Trust. The fund adviser seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts. Proshares Bitcoin is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US74347G4405 |
| CUSIP | 74347G440 |
| Region | Global |
| Investment Issuer | ProShares |
| Etf Family | ProShares |
| Fund Category | Alternative Currency |
| Portfolio Concentration | Cryptocurrency |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
ProShares Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ProShares Bitcoin's current stock value. Our valuation model uses many indicators to compare ProShares Bitcoin value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares Bitcoin competition to find correlations between indicators driving ProShares Bitcoin's intrinsic value. More Info.ProShares Bitcoin Strategy is third largest ETF in one year return as compared to similar ETFs. It is second largest ETF in three year return as compared to similar ETFs reporting about 0.11 of Three Year Return per One Year Return. The ratio of One Year Return to Three Year Return for ProShares Bitcoin Strategy is roughly 9.28 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ProShares Bitcoin's earnings, one of the primary drivers of an investment's value.ProShares Bitcoin Systematic Risk
ProShares Bitcoin's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ProShares 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.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on ProShares Bitcoin correlated with the market. If Beta is less than 0 ProShares Bitcoin generally moves in the opposite direction as compared to the market. If ProShares Bitcoin Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ProShares Bitcoin is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ProShares Bitcoin is generally in the same direction as the market. If Beta > 1 ProShares Bitcoin moves generally in the same direction as, but more than the movement of the benchmark.
ProShares Bitcoin Thematic Clasifications
ProShares Bitcoin Strategy is part of several thematic ideas from Alternative Currency ETFs to Cryptocurrency ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasProShares Bitcoin November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ProShares Bitcoin help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ProShares Bitcoin Strategy. We use our internally-developed statistical techniques to arrive at the intrinsic value of ProShares Bitcoin Strategy based on widely used predictive technical indicators. In general, we focus on analyzing ProShares Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ProShares Bitcoin's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.47 | |||
| Information Ratio | 0.2005 | |||
| Maximum Drawdown | 16.1 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 5.82 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Bitcoin Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of ProShares Bitcoin is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is ProShares Bitcoin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares Bitcoin's market value can be influenced by many factors that don't directly affect ProShares Bitcoin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Bitcoin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.