Bitcoin Etf Price on October 31, 2023
| EBIT-U Etf | USD 34.13 0.48 1.39% |
If you're considering investing in Bitcoin Etf, it is important to understand the factors that can impact its price. As of today, the current price of Bitcoin ETF stands at 34.13, as last reported on the 30th of November, with the highest price reaching 34.24 and the lowest price hitting 34.13 during the day. Bitcoin ETF appears to be not too volatile, given 3 months investment horizon. Bitcoin ETF secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the etf had a 0.26% return per unit of risk over the last 3 months. By analyzing Bitcoin ETF's technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please makes use of Bitcoin ETF's Risk Adjusted Performance of 0.1662, downside deviation of 2.69, and Mean Deviation of 2.68 to double-check if our risk estimates are consistent with your expectations.
Bitcoin Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Bitcoin |
Sharpe Ratio = 0.2591
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Estimated Market Risk
| 3.68 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.95 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Bitcoin ETF is performing at about 20% 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 Bitcoin ETF by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Bitcoin ETF Valuation on October 31, 2023
It is possible to determine the worth of Bitcoin ETF on a given historical date. On October 31, 2023 Bitcoin was worth 12.51 at the beginning of the trading date compared to the closed value of 12.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bitcoin ETF etf. Still, in general, we apply an absolute valuation method to find Bitcoin ETF'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 Bitcoin ETF where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bitcoin ETF's related companies.
| Open | High | Low | Close | Volume | |
| 12.26 | 12.29 | 12.22 | 12.29 | 2,100 | |
10/31/2023 | 12.51 | 12.51 | 12.51 | 12.51 | 2,450 |
| 12.45 | 12.65 | 12.45 | 12.65 | 1,508 |
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Bitcoin ETF Trading Date Momentum on October 31, 2023
| On November 01 2023 Bitcoin ETF was traded for 12.65 at the closing time. The highest price during the trading period was 12.65 and the lowest recorded bid was listed for 12.45 . The volume for the day was 1.5 K. This history from November 1, 2023 contributed to the next trading day price jump. The overall trading delta to the next closing price was 1.12% . The overall trading delta to the current price is 8.39% . |
About Bitcoin ETF Etf history
Bitcoin ETF 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 Bitcoin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 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 Bitcoin ETF stock prices may prove useful in developing a viable investing in Bitcoin ETF
Bitcoin ETF Etf Technical Analysis
Bitcoin ETF 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
Bitcoin ETF Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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.
Bitcoin ETF November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Bitcoin ETF etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bitcoin ETF shares will generate the highest return on investment. By undertsting and applying Bitcoin ETF etf market strength indicators, traders can identify Bitcoin ETF entry and exit signals to maximize returns
Bitcoin ETF Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bitcoin ETF's price direction in advance. Along with the technical and fundamental analysis of Bitcoin Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bitcoin 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 | 0.1662 | |||
| Jensen Alpha | 0.6041 | |||
| Total Risk Alpha | 0.135 | |||
| Sortino Ratio | 0.2267 | |||
| Treynor Ratio | 0.7094 |
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| Volume Indicators |
Other Information on Investing in Bitcoin Etf
Bitcoin ETF financial ratios help investors to determine whether Bitcoin 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 Bitcoin with respect to the benefits of owning Bitcoin ETF security.