Bitwise Funds Trust Etf Buy Hold or Sell Recommendation
| BTOP Etf | USD 60.16 4.31 7.72% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Bitwise Funds Trust is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Bitwise Funds Trust given historical horizon and risk tolerance towards Bitwise Funds. When Macroaxis issues a 'buy' or 'sell' recommendation for Bitwise Funds Trust, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Bitwise Funds Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as Bitwise and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards 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 persons.
Bitwise |
Execute Bitwise Funds Buy or Sell Advice
The Bitwise recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Bitwise Funds Trust. Macroaxis does not own or have any residual interests in Bitwise Funds Trust or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Bitwise Funds' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details |
Bitwise Funds Trading Alerts and Improvement Suggestions
| Bitwise Funds Trust appears to be risky and price may revert if volatility continues | |
| Bitwise Funds Trust currently holds 3.39 M in liabilities with Debt to Equity (D/E) ratio of 1.2, which is about average as compared to similar companies. Bitwise Funds Trust has a current ratio of 0.05, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Bitwise Funds until it has trouble settling it off, either with new capital or with free cash flow. So, Bitwise Funds' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bitwise Funds Trust sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bitwise to invest in growth at high rates of return. When we think about Bitwise Funds' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (7.52 M) with profit before overhead, payroll, taxes, and interest of 33 K. | |
| Bitwise Funds Trust currently holds about 162.62 K in cash with (2.72 M) of positive cash flow from operations. | |
| Roughly 29.0% of Bitwise Funds shares are held by company insiders | |
| Latest headline from news.google.com: Top 7 ASX Gold ETFs in 2024 - Nasdaq |
Bitwise Funds Returns Distribution Density
The distribution of Bitwise Funds' historical returns is an attempt to chart the uncertainty of Bitwise Funds' future price movements. The chart of the probability distribution of Bitwise Funds daily returns describes the distribution of returns around its average expected value. We use Bitwise Funds Trust price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Bitwise Funds returns is essential to provide solid investment advice for Bitwise Funds.
| Mean Return | 0.47 | Value At Risk | -4 | Potential Upside | 6.36 | Standard Deviation | 3.45 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Bitwise Funds historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Bitwise Funds Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Bitwise Funds or Consumer Cyclical sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Bitwise Funds' price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Bitwise etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.51 | |
β | Beta against Dow Jones | -0.37 | |
σ | Overall volatility | 3.57 | |
Ir | Information ratio | 0.10 |
Bitwise Funds Volatility Alert
Bitwise Funds Trust currently demonstrates below-average downside deviation. It has Information Ratio of 0.1 and Jensen Alpha of 0.51. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Bitwise Funds' etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Bitwise Funds' etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Bitwise Funds Fundamentals Vs Peers
Comparing Bitwise Funds' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Bitwise Funds' direct or indirect competition across all of the common fundamentals between Bitwise Funds and the related equities. This way, we can detect undervalued stocks with similar characteristics as Bitwise Funds or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Bitwise Funds' fundamental indicators could also be used in its relative valuation, which is a method of valuing Bitwise Funds by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Bitwise Funds to competition |
| Fundamentals | Bitwise Funds | Peer Average |
| Price To Earning | 11.77 X | 3.15 X |
| Price To Book | 0.22 X | 0.39 X |
| One Year Return | 77.40 % | (0.97) % |
Bitwise Funds Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Bitwise . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Bitwise Funds Buy or Sell Advice
When is the right time to buy or sell Bitwise Funds Trust? Buying financial instruments such as Bitwise Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Bitwise Funds in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Bitwise Funds Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple 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. 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.