Proshares Bitcoin Strategy Etf Price on December 5, 2023
| BITO Etf | USD 26.69 0.26 0.98% |
If you're considering investing in ProShares Etf, it is important to understand the factors that can impact its price. As of today, the current price of ProShares Bitcoin stands at 26.69, as last reported on the 25th of November, with the highest price reaching 26.86 and the lowest price hitting 26.12 during the day. ProShares Bitcoin appears to be not too volatile, given 3 months investment horizon. ProShares Bitcoin maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the entity had a 0.23% return per unit of risk over the last 3 months. By analyzing ProShares Bitcoin's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please evaluate ProShares Bitcoin's Risk Adjusted Performance of 0.1916, semi deviation of 1.93, and Coefficient Of Variation of 417.05 to confirm if our risk estimates are consistent with your expectations.
ProShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
ProShares |
Sharpe Ratio = 0.2345
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| Small Returns | BITO | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.31 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.78 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average ProShares Bitcoin is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares Bitcoin by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
ProShares Bitcoin Valuation on December 5, 2023
It is possible to determine the worth of ProShares Bitcoin on a given historical date. On December 5, 2023 ProShares was worth 12.22 at the beginning of the trading date compared to the closed value of 12.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ProShares Bitcoin etf. Still, in general, we apply an absolute valuation method to find ProShares Bitcoin's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ProShares Bitcoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ProShares Bitcoin's related companies.
| Open | High | Low | Close | Volume | |
| 12.07 | 12.20 | 11.92 | 12.11 | 21,862,800 | |
12/05/2023 | 12.22 | 12.77 | 12.18 | 12.71 | 28,494,300 |
| 12.81 | 12.84 | 12.66 | 12.68 | 12,748,900 |
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ProShares Bitcoin Trading Date Momentum on December 5, 2023
| On December 06 2023 ProShares Bitcoin Strategy was traded for 12.68 at the closing time. The top price for the day was 12.84 and the lowest listed price was 12.66 . The trading volume for the day was 12.7 M. The trading history from December 6, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.24% . The trading delta at closing time against the current closing price is 4.17% . |
ProShares Bitcoin Fundamentals Correlations and Trends
By evaluating ProShares Bitcoin's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ProShares Bitcoin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ProShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ProShares Bitcoin Etf history
ProShares Bitcoin investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ProShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ProShares Bitcoin will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ProShares Bitcoin stock prices may prove useful in developing a viable investing in ProShares Bitcoin
ProShares Bitcoin Etf Technical Analysis
ProShares Bitcoin technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
ProShares Bitcoin Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
ProShares Bitcoin Strategy cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
ProShares Bitcoin November 25, 2024 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ProShares Bitcoin's price direction in advance. Along with the technical and fundamental analysis of ProShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ProShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1916 | |||
| Jensen Alpha | 0.5066 | |||
| Total Risk Alpha | 0.264 | |||
| Sortino Ratio | 0.2707 | |||
| Treynor Ratio | 0.338 |
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| Volume Indicators |
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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.