Purpose Bitcoin Yield Etf Price on December 2, 2024
| BTCY-B Etf | 10.55 0.02 0.19% |
If you're considering investing in Purpose Etf, it is important to understand the factors that can impact its price. As of today, the current price of Purpose Bitcoin stands at 10.55, as last reported on the 11th of December 2024, with the highest price reaching 10.78 and the lowest price hitting 10.35 during the day. Purpose Bitcoin appears to be somewhat reliable, given 3 months investment horizon. Purpose Bitcoin Yield maintains Sharpe Ratio (i.e., Efficiency) of 0.27, which implies the entity had a 0.27% return per unit of risk over the last 3 months. By analyzing Purpose Bitcoin's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please evaluate Purpose Bitcoin's Risk Adjusted Performance of 0.2067, coefficient of variation of 362.78, and Semi Deviation of 1.59 to confirm if our risk estimates are consistent with your expectations.
Purpose Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Purpose |
Sharpe Ratio = 0.2705
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Estimated Market Risk
| 3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.83 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average Purpose Bitcoin is performing at about 21% 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 Purpose Bitcoin by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Purpose Bitcoin Valuation on December 2, 2024
It is possible to determine the worth of Purpose Bitcoin on a given historical date. On December 2, 2024 Purpose was worth 10.49 at the beginning of the trading date compared to the closed value of 10.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Purpose Bitcoin etf. Still, in general, we apply an absolute valuation method to find Purpose 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 Purpose Bitcoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Purpose Bitcoin's related companies.
| Open | High | Low | Close | Volume | |
| 10.37 | 10.62 | 10.37 | 10.52 | 1,368 | |
12/02/2024 | 10.49 | 10.52 | 10.30 | 10.35 | 8,974 |
| 10.21 | 10.38 | 10.16 | 10.37 | 11,395 |
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Purpose Bitcoin Trading Date Momentum on December 2, 2024
| On December 03 2024 Purpose Bitcoin Yield was traded for 10.37 at the closing time. The highest price during the trading period was 10.38 and the lowest recorded bid was listed for 10.16 . The volume for the day was 11.4 K. This history from December 3, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.19% . The trading delta at closing time to the current price is 4.15% . |
About Purpose Bitcoin Etf history
Purpose 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 Purpose is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Purpose Bitcoin Yield 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 Purpose Bitcoin stock prices may prove useful in developing a viable investing in Purpose Bitcoin
Purpose Bitcoin Etf Technical Analysis
Purpose 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
Purpose Bitcoin Period Price Range
Low | December 11, 2024
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0.00 | 0.00 |
Purpose Bitcoin Yield 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.
Purpose Bitcoin December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Purpose 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 Purpose Bitcoin shares will generate the highest return on investment. By undertsting and applying Purpose Bitcoin etf market strength indicators, traders can identify Purpose Bitcoin Yield entry and exit signals to maximize returns
Purpose Bitcoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Purpose Bitcoin's price direction in advance. Along with the technical and fundamental analysis of Purpose Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Purpose 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 | 0.2067 | |||
| Jensen Alpha | 0.7285 | |||
| Total Risk Alpha | 0.3407 | |||
| Sortino Ratio | 0.337 | |||
| Treynor Ratio | 1.08 |
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Other Information on Investing in Purpose Etf
Purpose Bitcoin financial ratios help investors to determine whether Purpose 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 Purpose with respect to the benefits of owning Purpose Bitcoin security.