Bitwise Funds Financials
| BWEB Etf | USD 57.42 1.43 2.43% |
Bitwise |
The data published in Bitwise Funds' official financial statements typically reflect Bitwise Funds' 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 Bitwise Funds' quantitative information. For example, before you start analyzing numbers published by Bitwise accountants, it's essential to understand Bitwise Funds' liquidity, profitability, and earnings quality within the context of the Bitwise Investments space in which it operates.
Please note, the presentation of Bitwise Funds' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Bitwise Funds' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Bitwise Funds' management manipulating its earnings.
Bitwise Funds Etf Summary
The investment seeks investment results that, before fees and expenses, correspond generally to the performance of the Bitwise Web3 Equities Index. Bitwise Funds is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US0917481030 |
| CUSIP | 091748103 |
| Region | Global |
| Investment Issuer | Bitwise Asset Management |
| Etf Family | Bitwise Investments |
| Fund Category | Strategy |
| Portfolio Concentration | Theme |
| Benchmark | Dow Jones Industrial |
| Phone | 415 745 9166 |
| Currency | USD - US Dollar |
Bitwise Funds Trust Systematic Risk
Bitwise Funds' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Bitwise Funds 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 twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Bitwise Funds Trust correlated with the market. If Beta is less than 0 Bitwise Funds generally moves in the opposite direction as compared to the market. If Bitwise Funds Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bitwise Funds Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bitwise Funds is generally in the same direction as the market. If Beta > 1 Bitwise Funds moves generally in the same direction as, but more than the movement of the benchmark.
About Bitwise Funds Financials
What exactly are Bitwise Funds Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Bitwise Funds' income statement, its balance sheet, and the statement of cash flows. Potential Bitwise Funds investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Bitwise Funds investors may use each financial statement separately, they are all related. The changes in Bitwise Funds's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Bitwise Funds's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Bitwise Funds Thematic Clasifications
Bitwise Funds Trust is part of several thematic ideas from Israel Wall Street to Strategy 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 IdeasBitwise Funds November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Bitwise Funds help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Bitwise Funds Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bitwise Funds Trust based on widely used predictive technical indicators. In general, we focus on analyzing Bitwise Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bitwise Funds's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.1437 | |||
| Maximum Drawdown | 11.67 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 2.63 |
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 income. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. 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.
Please note, there is a significant difference between Bitwise Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise Funds' 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.