Valkyrie Bitcoin Miners Etf Performance
| WGMI Etf | USD 22.76 0.30 1.34% |
The entity has a beta of 0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Valkyrie Bitcoin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Valkyrie Bitcoin is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Valkyrie Bitcoin Miners has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Etf's primary indicators remain fairly strong which may send shares a bit higher in March 2025. The recent confusion may also be a sign of long-lasting up-swing for the Etf traders. ...more
1 | Bitcoin Mining ETF Hits New 52-Week High | 11/12/2024 |
2 | WGMI The Bitcoin Mining ETF Pares 2024 Gains, Eyeing An Entry Idea - Seeking Alpha | 11/26/2024 |
3 | Look to Crypto ETFs as Bitcoin Price Hits 100,000 - ETF Trends | 12/05/2024 |
4 | Interest Rate Cut May Benefit Crypto Mining in WGMI - ETF Trends | 12/16/2024 |
5 | Investment Analysis and Advice - Stock Traders Daily | 01/29/2025 |
6 | Bitcoin Reserve Could Be Catalyst, But It Could Take Awhile - ETFdb.com | 02/06/2025 |
Valkyrie |
Valkyrie Bitcoin Relative Risk vs. Return Landscape
If you would invest 3,007 in Valkyrie Bitcoin Miners on November 9, 2024 and sell it today you would lose (731.00) from holding Valkyrie Bitcoin Miners or give up 24.31% of portfolio value over 90 days. Valkyrie Bitcoin Miners is currently does not generate positive expected returns and assumes 5.5413% risk (volatility on return distribution) over the 90 days horizon. In different words, 49% of etfs are less volatile than Valkyrie, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Valkyrie Bitcoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Valkyrie Bitcoin's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Valkyrie Bitcoin Miners, and traders can use it to determine the average amount a Valkyrie 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 = -0.0568
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| Negative Returns | WGMI |
Estimated Market Risk
| 5.54 actual daily | 49 51% of assets are more volatile |
Expected Return
| -0.31 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Valkyrie Bitcoin is not performing at its full potential. However, 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 Valkyrie Bitcoin by adding Valkyrie Bitcoin to a well-diversified portfolio.
Valkyrie Bitcoin Fundamentals Growth
Valkyrie Etf prices reflect investors' perceptions of the future prospects and financial health of Valkyrie Bitcoin, and Valkyrie Bitcoin 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 Valkyrie Etf performance.
| Return On Asset | -44.32 | |||
| Profit Margin | (31.77) % | |||
| Operating Margin | (27.31) % | |||
| Current Valuation | 16.22 M | |||
| Shares Outstanding | 94.01 M | |||
| Price To Book | 20.00 X | |||
| Price To Sales | 1.60 X | |||
| Revenue | 11.77 M | |||
| Cash And Equivalents | 6.96 M | |||
| Cash Per Share | 0.07 X | |||
| Total Debt | 4.38 M | |||
| Cash Flow From Operations | (1.22 M) | |||
| Earnings Per Share | (0.04) X | |||
| Total Asset | 2.46 M | |||
| Retained Earnings | (23.36 M) | |||
| Current Asset | 779 K | |||
| Current Liabilities | 2.15 M | |||
About Valkyrie Bitcoin Performance
By evaluating Valkyrie Bitcoin's fundamental ratios, stakeholders can gain valuable insights into Valkyrie Bitcoin's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Valkyrie Bitcoin 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 Valkyrie Bitcoin has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund is an actively-managed exchange-traded fund that will invest at least 80 percent of its net assets in securities of companies that derive at least 50 percent of their revenue or profits from bitcoin mining operations andor from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. Valkyrie Bitcoin is traded on NASDAQ Exchange in the United States.| Valkyrie Bitcoin generated a negative expected return over the last 90 days | |
| Valkyrie Bitcoin has high historical volatility and very poor performance | |
| Valkyrie Bitcoin has high likelihood to experience some financial distress in the next 2 years | |
| Valkyrie Bitcoin Miners currently holds 4.38 M in liabilities. Valkyrie Bitcoin Miners has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Valkyrie Bitcoin until it has trouble settling it off, either with new capital or with free cash flow. So, Valkyrie Bitcoin's 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 Valkyrie Bitcoin Miners sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Valkyrie to invest in growth at high rates of return. When we think about Valkyrie Bitcoin's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 11.77 M. Net Loss for the year was (3.74 M) with profit before overhead, payroll, taxes, and interest of 769.49 K. | |
| Valkyrie Bitcoin Miners currently holds about 6.96 M in cash with (1.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| Latest headline from news.google.com: Bitcoin Reserve Could Be Catalyst, But It Could Take Awhile - ETFdb.com | |
| The fund keeps 95.83% of its net assets in stocks |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Valkyrie Bitcoin Miners. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of Valkyrie Bitcoin Miners is measured differently than its book value, which is the value of Valkyrie that is recorded on the company's balance sheet. Investors also form their own opinion of Valkyrie Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Valkyrie 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 Valkyrie Bitcoin's market value can be influenced by many factors that don't directly affect Valkyrie 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 Valkyrie Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Valkyrie Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Valkyrie 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.