Bitcoin ETF Financials
| EBIT Etf | CAD 45.79 1.67 3.52% |
3 y Sharp Ratio 0.33 |
Bitcoin |
The data published in Bitcoin ETF's official financial statements typically reflect Bitcoin ETF'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 Bitcoin ETF's quantitative information. For example, before you start analyzing numbers published by Bitcoin accountants, it's essential to understand Bitcoin ETF's liquidity, profitability, and earnings quality within the context of the Evolve Funds Group Inc space in which it operates.
Bitcoin ETF Etf Summary
Bitcoin ETF competes with NBI High, NBI Unconstrained, Mackenzie Developed, and BMO Short. BITCOIN ETF is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA09175J1084 |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Evolve Funds Group Inc |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | CAD - Canadian Dollar |
Bitcoin Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Bitcoin ETF's current stock value. Our valuation model uses many indicators to compare Bitcoin ETF value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bitcoin ETF competition to find correlations between indicators driving Bitcoin ETF's intrinsic value. More Info.Bitcoin ETF CAD is rated below average in one year return as compared to similar ETFs. It is rated # 3 ETF in three year return as compared to similar ETFs reporting about 0.12 of Three Year Return per One Year Return. The ratio of One Year Return to Three Year Return for Bitcoin ETF CAD is roughly 8.17 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Bitcoin ETF by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Bitcoin ETF'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.Bitcoin ETF CAD Systematic Risk
Bitcoin ETF's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Bitcoin ETF 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 function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Bitcoin ETF CAD correlated with the market. If Beta is less than 0 Bitcoin ETF generally moves in the opposite direction as compared to the market. If Bitcoin ETF Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bitcoin ETF CAD is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bitcoin ETF is generally in the same direction as the market. If Beta > 1 Bitcoin ETF moves generally in the same direction as, but more than the movement of the benchmark.
Bitcoin ETF November 26, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Bitcoin ETF help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Bitcoin ETF CAD. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bitcoin ETF CAD based on widely used predictive technical indicators. In general, we focus on analyzing Bitcoin Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bitcoin ETF's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.1924 | |||
| Maximum Drawdown | 15.65 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 6.33 |
Other Information on Investing in Bitcoin Etf
Bitcoin ETF financial ratios help investors to determine whether Bitcoin 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 Bitcoin with respect to the benefits of owning Bitcoin ETF security.