Bitwise Crypto Industry Etf Price on October 4, 2024
| BITQ Etf | USD 19.70 1.06 5.11% |
If you're considering investing in Bitwise Etf, it is important to understand the factors that can impact its price. As of today, the current price of Bitwise Crypto stands at 19.70, as last reported on the 22nd of November, with the highest price reaching 22.15 and the lowest price hitting 19.40 during the day. Bitwise Crypto appears to be not too volatile, given 3 months investment horizon. Bitwise Crypto Industry secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the etf had a 0.16% return per unit of risk over the last 3 months. By analyzing Bitwise Crypto's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please makes use of Bitwise Crypto's Risk Adjusted Performance of 0.1526, mean deviation of 3.17, and Downside Deviation of 3.46 to double-check if our risk estimates are consistent with your expectations.
Bitwise Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Bitwise |
Sharpe Ratio = 0.1622
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Estimated Market Risk
| 4.51 actual daily | 40 60% of assets are more volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Bitwise Crypto is performing at about 12% 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 Bitwise Crypto by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 7.4 K |
Bitwise Crypto Valuation on October 4, 2024
It is possible to determine the worth of Bitwise Crypto on a given historical date. On October 4, 2024 Bitwise was worth 13.13 at the beginning of the trading date compared to the closed value of 13.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bitwise Crypto etf. Still, in general, we apply an absolute valuation method to find Bitwise Crypto'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 Bitwise Crypto where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bitwise Crypto's related companies.
| Open | High | Low | Close | Volume | |
| 12.78 | 12.94 | 12.58 | 12.92 | 41,770 | |
10/04/2024 | 13.13 | 13.33 | 12.90 | 13.31 | 52,380 |
| 13.31 | 13.58 | 13.05 | 13.13 | 119,635 |
| Backtest Bitwise Crypto | | | Bitwise Crypto History | | | Bitwise Crypto Valuation | Previous | Next |
Bitwise Crypto Trading Date Momentum on October 4, 2024
| On October 07 2024 Bitwise Crypto Industry was traded for 13.13 at the closing time. The top price for the day was 13.58 and the lowest listed price was 13.05 . The trading volume for the day was 119.6 K. The trading history from October 7, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.35% . The overall trading delta against the current closing price is 5.41% . |
Bitwise Crypto Industry Fundamentals Correlations and Trends
By evaluating Bitwise Crypto'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 Bitwise Crypto's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bitwise financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bitwise Crypto Etf history
Bitwise Crypto 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 Bitwise is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bitwise Crypto Industry 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 Bitwise Crypto stock prices may prove useful in developing a viable investing in Bitwise Crypto
The index was designed by Bitwise Index Services, LLC to measure the performance of companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele . Bitwise Crypto is traded on NYSEARCA Exchange in the United States.
Bitwise Crypto Etf Technical Analysis
Bitwise Crypto 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
Bitwise Crypto Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Bitwise Crypto Industry 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.
Bitwise Crypto November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Bitwise Crypto etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bitwise Crypto shares will generate the highest return on investment. By undertsting and applying Bitwise Crypto etf market strength indicators, traders can identify Bitwise Crypto Industry entry and exit signals to maximize returns
Bitwise Crypto Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bitwise Crypto's price direction in advance. Along with the technical and fundamental analysis of Bitwise Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bitwise 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 | 0.1526 | |||
| Jensen Alpha | 0.5113 | |||
| Total Risk Alpha | 0.3347 | |||
| Sortino Ratio | 0.2163 | |||
| Treynor Ratio | 0.2205 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitwise Crypto Industry. 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of Bitwise Crypto Industry 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 Crypto's value that differs from its market value or its book value, called intrinsic value, which is Bitwise Crypto'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 Bitwise Crypto's market value can be influenced by many factors that don't directly affect Bitwise Crypto'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 Bitwise Crypto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Crypto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise Crypto'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.