Bitwise Funds Trust Etf Performance
| BTOP Etf | USD 60.16 4.31 7.72% |
The etf shows a Beta (market volatility) of 2.43, 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
16 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Bitwise Funds Trust are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Even with relatively inconsistent basic indicators, Bitwise Funds reported solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Top ETF Stories of the First Nine Months of 2024 - Yahoo Finance | 09/25/2024 |
2 | Top 7 ASX Gold ETFs in 2024 - Nasdaq | 11/11/2024 |
Bitwise |
Bitwise Funds Relative Risk vs. Return Landscape
If you would invest 3,944 in Bitwise Funds Trust on August 30, 2024 and sell it today you would earn a total of 2,072 from holding Bitwise Funds Trust or generate 52.54% return on investment over 90 days. Bitwise Funds Trust is currently generating 0.7333% in daily expected returns and assumes 3.5705% risk (volatility on return distribution) over the 90 days horizon. In different words, 31% 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 = 0.2054
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Estimated Market Risk
| 3.57 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Bitwise Funds 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 Bitwise Funds by adding it to a well-diversified portfolio.
Bitwise Funds Fundamentals Growth
Bitwise Etf prices reflect investors' perceptions of the future prospects and financial health of Bitwise Funds, and Bitwise Funds fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Bitwise Etf performance.
| Return On Equity | -6.01 | |||
| Return On Asset | -3.34 | |||
| Current Valuation | 118.29 M | |||
| Shares Outstanding | 223.51 M | |||
| Price To Earning | 11.77 X | |||
| Price To Book | 0.22 X | |||
| EBITDA | (7.79 M) | |||
| Cash And Equivalents | 162.62 K | |||
| Total Debt | 3.39 M | |||
| Debt To Equity | 1.20 % | |||
| Book Value Per Share | 0.96 X | |||
| Cash Flow From Operations | (2.72 M) | |||
| Earnings Per Share | (0.08) X | |||
About Bitwise Funds Performance
Assessing Bitwise Funds' fundamental ratios provides investors with valuable insights into Bitwise Funds' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Bitwise Funds is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Recall Studios, Inc. operates in augmented reality and virtual reality markets. It produces software applications for third-parties on a consulting basis. Carolco Pictures operates under Media - Diversified classification in USA and is traded on OTC Market.| Bitwise Funds Trust appears to be risky and price may revert if volatility continues | |
| Bitwise Funds Trust currently holds 3.39 M in liabilities with Debt to Equity (D/E) ratio of 1.2, which is about average as compared to similar companies. Bitwise Funds Trust has a current ratio of 0.05, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Bitwise Funds until it has trouble settling it off, either with new capital or with free cash flow. So, Bitwise Funds' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bitwise Funds Trust sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bitwise to invest in growth at high rates of return. When we think about Bitwise Funds' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (7.52 M) with profit before overhead, payroll, taxes, and interest of 33 K. | |
| Bitwise Funds Trust currently holds about 162.62 K in cash with (2.72 M) of positive cash flow from operations. | |
| Roughly 29.0% of Bitwise Funds shares are held by company insiders | |
| Latest headline from news.google.com: Top 7 ASX Gold ETFs in 2024 - Nasdaq |
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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.