Bitwise Funds Trust Etf Performance
| BITC Etf | 72.89 0.75 1.04% |
The etf shows a Beta (market volatility) of 2.35, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bitwise Funds will likely underperform.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Bitwise Funds Trust are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of rather inconsistent basic indicators, Bitwise Funds exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | BitCash Price Tops 0.0008 | 10/11/2024 |
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3 | Bitcoin ETF Hits New 52-Week High | 11/21/2024 |
Bitwise |
Bitwise Funds Relative Risk vs. Return Landscape
If you would invest 4,694 in Bitwise Funds Trust on August 26, 2024 and sell it today you would earn a total of 2,595 from holding Bitwise Funds Trust or generate 55.28% return on investment over 90 days. Bitwise Funds Trust is currently generating 0.7305% in daily expected returns and assumes 3.2758% risk (volatility on return distribution) over the 90 days horizon. In different words, 29% of etfs are less volatile than Bitwise, and 86% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Bitwise Funds Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitwise Funds' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Bitwise Funds Trust, and traders can use it to determine the average amount a Bitwise Funds' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.223
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.28 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Bitwise Funds 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 Bitwise Funds by adding it to a well-diversified portfolio.
About Bitwise Funds Performance
By analyzing Bitwise Funds' fundamental ratios, stakeholders can gain valuable insights into Bitwise Funds' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Bitwise Funds has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Bitwise Funds has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Bitwise Funds is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Bitwise Funds Trust appears to be risky and price may revert if volatility continues | |
| Latest headline from finance.yahoo.com: Bitcoin ETF Hits New 52-Week High |
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 estimate. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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.