ProShares Bitcoin Etf Forecast - Daily Balance Of Power
| BITO Etf | USD 26.14 0.15 0.58% |
ProShares Etf Forecast is based on your current time horizon.
ProShares |
Open Interest Against 2024-12-06 ProShares Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ProShares Bitcoin's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in ProShares Bitcoin's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ProShares Bitcoin stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current ProShares Bitcoin's open interest, investors have to compare it to ProShares Bitcoin's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ProShares Bitcoin is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ProShares. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.24) | 0.4762 |
| Check ProShares Bitcoin Volatility | Backtest ProShares Bitcoin | Trend Details |
ProShares Bitcoin Trading Date Momentum
| On December 26 2023 ProShares Bitcoin Strategy was traded for 12.13 at the closing time. The top price for the day was 12.29 and the lowest listed price was 11.98 . The trading volume for the day was 16.3 M. The trading history from December 26, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.73% . The trading delta at closing time against the current closing price is 1.90% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare ProShares Bitcoin to competition |
Other Forecasting Options for ProShares Bitcoin
For every potential investor in ProShares, whether a beginner or expert, ProShares Bitcoin's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ProShares Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ProShares. Basic forecasting techniques help filter out the noise by identifying ProShares Bitcoin's price trends.ProShares Bitcoin Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ProShares Bitcoin etf to make a market-neutral strategy. Peer analysis of ProShares Bitcoin could also be used in its relative valuation, which is a method of valuing ProShares Bitcoin by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ProShares Bitcoin Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ProShares Bitcoin's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ProShares Bitcoin's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ProShares Bitcoin Market Strength Events
Market strength indicators help investors to evaluate how ProShares Bitcoin etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ProShares Bitcoin shares will generate the highest return on investment. By undertsting and applying ProShares Bitcoin etf market strength indicators, traders can identify ProShares Bitcoin Strategy entry and exit signals to maximize returns.
ProShares Bitcoin Risk Indicators
The analysis of ProShares Bitcoin's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ProShares Bitcoin's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting proshares etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.53 | |||
| Semi Deviation | 1.98 | |||
| Standard Deviation | 3.37 | |||
| Variance | 11.35 | |||
| Downside Variance | 6.58 | |||
| Semi Variance | 3.92 | |||
| Expected Short fall | (2.91) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with ProShares Bitcoin
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares Bitcoin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares Bitcoin will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 1.0 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.97 | BLOK | Amplify Transformational | PairCorr |
| 0.94 | BLCN | Siren Nasdaq NexGen | PairCorr |
Moving against ProShares Etf
The ability to find closely correlated positions to ProShares Bitcoin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares Bitcoin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares Bitcoin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares Bitcoin Strategy to buy it.
The correlation of ProShares Bitcoin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Bitcoin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Bitcoin moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares Bitcoin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of ProShares Bitcoin to cross-verify your projections. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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.