3iq Bitcoin Etf Price on June 25, 2024
| BTCQ Etf | CAD 20.35 0.75 3.55% |
If you're considering investing in 3iQ Etf, it is important to understand the factors that can impact its price. As of today, the current price of 3iQ Bitcoin stands at 20.35, as last reported on the 27th of November, with the highest price reaching 21.10 and the lowest price hitting 20.28 during the day. 3iQ Bitcoin appears to be not too volatile, given 3 months investment horizon. 3iQ Bitcoin ETF secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the etf had a 0.24% return per unit of risk over the last 3 months. By analyzing 3iQ Bitcoin's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please makes use of 3iQ Bitcoin's Downside Deviation of 2.31, risk adjusted performance of 0.1881, and Mean Deviation of 2.53 to double-check if our risk estimates are consistent with your expectations.
3iQ Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3iQ |
Sharpe Ratio = 0.236
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Estimated Market Risk
| 3.39 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.8 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average 3iQ 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 3iQ Bitcoin by adding it to a well-diversified portfolio.
3iQ Bitcoin Valuation on June 25, 2024
It is possible to determine the worth of 3iQ Bitcoin on a given historical date. On June 25, 2024 3iQ was worth 13.37 at the beginning of the trading date compared to the closed value of 13.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 3iQ Bitcoin etf. Still, in general, we apply an absolute valuation method to find 3iQ 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 3iQ Bitcoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 3iQ Bitcoin's related companies.
| Open | High | Low | Close | Volume | |
| 13.43 | 13.47 | 12.69 | 12.82 | 17,264 | |
06/25/2024 | 13.37 | 13.60 | 13.36 | 13.55 | 11,226 |
| 13.46 | 13.51 | 13.33 | 13.36 | 6,127 |
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3iQ Bitcoin Trading Date Momentum on June 25, 2024
| On June 26 2024 3iQ Bitcoin ETF was traded for 13.36 at the closing time. The highest price during the trading period was 13.51 and the lowest recorded bid was listed for 13.33 . The volume for the day was 6.1 K. This history from June 26, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.40% . The daily price change to the current price is 10.70% . |
3iQ Bitcoin ETF Fundamentals Correlations and Trends
By evaluating 3iQ 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 3iQ Bitcoin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 3iQ financial account trend analysis is a perfect complement when working with valuation or volatility modules.About 3iQ Bitcoin Etf history
3iQ 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 3iQ is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 3iQ Bitcoin ETF 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 3iQ Bitcoin stock prices may prove useful in developing a viable investing in 3iQ Bitcoin
3iQ Bitcoin Etf Technical Analysis
3iQ 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
3iQ Bitcoin Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
3iQ Bitcoin ETF cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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.
3iQ Bitcoin November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how 3iQ 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 3iQ Bitcoin shares will generate the highest return on investment. By undertsting and applying 3iQ Bitcoin etf market strength indicators, traders can identify 3iQ Bitcoin ETF entry and exit signals to maximize returns
3iQ Bitcoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 3iQ Bitcoin's price direction in advance. Along with the technical and fundamental analysis of 3iQ Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 3iQ 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 | 0.1881 | |||
| Jensen Alpha | 0.6706 | |||
| Total Risk Alpha | 0.2564 | |||
| Sortino Ratio | 0.2898 | |||
| Treynor Ratio | 0.7906 |
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Other Information on Investing in 3iQ Etf
3iQ Bitcoin financial ratios help investors to determine whether 3iQ 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 3iQ with respect to the benefits of owning 3iQ Bitcoin security.