Purpose Bitcoin Yield Etf Performance
| BTCY Etf | 8.41 0.26 3.00% |
The etf holds a Beta of 1.01, which implies a somewhat significant risk relative to the market. Purpose Bitcoin returns are very sensitive to returns on the market. As the market goes up or down, Purpose Bitcoin is expected to follow.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Bitcoin Yield are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Purpose Bitcoin displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Purpose |
Purpose Bitcoin Relative Risk vs. Return Landscape
If you would invest 572.00 in Purpose Bitcoin Yield on August 29, 2024 and sell it today you would earn a total of 269.00 from holding Purpose Bitcoin Yield or generate 47.03% return on investment over 90 days. Purpose Bitcoin Yield is generating 0.6712% of daily returns and assumes 3.159% volatility on return distribution over the 90 days horizon. Simply put, 28% of etfs are less volatile than Purpose, and 87% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Purpose Bitcoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Bitcoin's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Bitcoin Yield, and traders can use it to determine the average amount a Purpose Bitcoin's 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 = 0.2125
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.16 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.67 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Purpose Bitcoin is performing at about 16% 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.
About Purpose Bitcoin Performance
By examining Purpose Bitcoin's fundamental ratios, stakeholders can obtain critical insights into Purpose Bitcoin's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Purpose Bitcoin is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Purpose Bitcoin is entity of Canada. It is traded as Etf on TO exchange.| Purpose Bitcoin appears to be risky and price may revert if volatility continues |
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.