Bitwise Funds Trust Etf Price on September 17, 2024
| BTOP Etf | USD 58.26 0.28 0.48% |
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 Funds stands at 58.26, as last reported on the 24th of November, with the highest price reaching 58.49 and the lowest price hitting 58.08 during the day. Bitwise Funds appears to be very steady, given 3 months investment horizon. Bitwise Funds Trust 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 Funds' technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Bitwise Funds' Mean Deviation of 2.55, downside deviation of 2.57, and Risk Adjusted Performance of 0.1402 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 = 0.1592
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Estimated Market Risk
| 3.42 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Bitwise Funds 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 Funds by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Bitwise Funds Valuation on September 17, 2024
It is possible to determine the worth of Bitwise Funds on a given historical date. On September 17, 2024 Bitwise was worth 38.16 at the beginning of the trading date compared to the closed value of 38.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bitwise Funds etf. Still, in general, we apply an absolute valuation method to find Bitwise Funds' 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 Funds where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bitwise Funds' related companies.
| Open | High | Low | Close | Volume | |
| 37.94 | 37.94 | 37.50 | 37.51 | 1,189 | |
09/17/2024 | 38.16 | 38.98 | 38.16 | 38.81 | 976.00 |
| 38.54 | 38.54 | 38.54 | 38.54 | 86.00 |
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Bitwise Funds Trading Date Momentum on September 17, 2024
| On September 18 2024 Bitwise Funds Trust was traded for 38.54 at the closing time. The top price for the day was 38.54 and the lowest listed price was 38.54 . The trading volume for the day was 86.0. The trading history from September 18, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.70% . The overall trading delta against the current closing price is 10.44% . |
Bitwise Funds Trust Fundamentals Correlations and Trends
By evaluating Bitwise Funds' 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 Funds' 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 Funds Etf history
Bitwise Funds 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 Funds Trust 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 Funds stock prices may prove useful in developing a viable investing in Bitwise Funds
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Bitwise Funds Etf Technical Analysis
Bitwise Funds 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 Funds Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
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Bitwise Funds November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Bitwise Funds 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 Funds shares will generate the highest return on investment. By undertsting and applying Bitwise Funds etf market strength indicators, traders can identify Bitwise Funds Trust entry and exit signals to maximize returns
Bitwise Funds Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bitwise Funds' 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 | 0.1402 | |||
| Jensen Alpha | 0.2642 | |||
| Total Risk Alpha | 0.0424 | |||
| Sortino Ratio | 0.1814 | |||
| Treynor Ratio | 0.2197 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitwise Funds Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of Bitwise Funds Trust 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 Funds' value that differs from its market value or its book value, called intrinsic value, which is Bitwise Funds' 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 Funds' market value can be influenced by many factors that don't directly affect Bitwise Funds' 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 Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise Funds' 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.