Ishares Bitcoin Trust Etf Price on October 23, 2024
| IBIT Etf | USD 56.49 0.59 1.06% |
If you're considering investing in IShares Etf, it is important to understand the factors that can impact its price. As of today, the current price of IShares Bitcoin stands at 56.49, as last reported on the 24th of November, with the highest price reaching 56.86 and the lowest price hitting 55.32 during the day. IShares Bitcoin appears to be very steady, given 3 months investment horizon. iShares Bitcoin Trust holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of risk over the last 3 months. By evaluating IShares Bitcoin's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize IShares Bitcoin's Downside Deviation of 2.39, market risk adjusted performance of 0.348, and Risk Adjusted Performance of 0.1947 to validate if our risk estimates are consistent with your expectations.
IShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
IShares |
Sharpe Ratio = 0.2261
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Estimated Market Risk
| 3.29 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.74 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average IShares Bitcoin is performing at about 17% 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 IShares Bitcoin by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
IShares Bitcoin Valuation on October 23, 2024
It is possible to determine the worth of IShares Bitcoin on a given historical date. On October 23, 2024 IShares was worth 37.86 at the beginning of the trading date compared to the closed value of 37.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IShares Bitcoin etf. Still, in general, we apply an absolute valuation method to find IShares 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 IShares Bitcoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IShares Bitcoin's related companies.
| Open | High | Low | Close | Volume | |
| 38.20 | 38.55 | 37.89 | 38.41 | 23,781,862 | |
10/23/2024 | 37.86 | 38.08 | 37.09 | 37.81 | 25,771,200 |
| 38.47 | 38.92 | 38.30 | 38.87 | 26,393,136 |
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IShares Bitcoin Trading Date Momentum on October 23, 2024
| On October 24 2024 iShares Bitcoin Trust was traded for 38.87 at the closing time. The top price for the day was 38.92 and the lowest listed price was 38.30 . The trading volume for the day was 26.4 M. The trading history from October 24, 2024 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 2.80% . The trading date delta against the current closing price is 3.17% . |
About IShares Bitcoin Etf history
IShares 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 IShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in iShares Bitcoin 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 IShares Bitcoin stock prices may prove useful in developing a viable investing in IShares Bitcoin
IShares Bitcoin Etf Technical Analysis
IShares 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
IShares Bitcoin Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
iShares Bitcoin Trust cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
IShares Bitcoin November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how IShares 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 IShares Bitcoin shares will generate the highest return on investment. By undertsting and applying IShares Bitcoin etf market strength indicators, traders can identify iShares Bitcoin Trust entry and exit signals to maximize returns
IShares Bitcoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IShares Bitcoin's price direction in advance. Along with the technical and fundamental analysis of IShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of IShares 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 | 0.1947 | |||
| Jensen Alpha | 0.5137 | |||
| Total Risk Alpha | 0.2765 | |||
| Sortino Ratio | 0.2843 | |||
| Treynor Ratio | 0.338 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Bitcoin 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 gross domestic product. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of iShares Bitcoin Trust is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is IShares Bitcoin'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 IShares Bitcoin's market value can be influenced by many factors that don't directly affect IShares Bitcoin'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 IShares Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Bitcoin'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.