21shares Bitcoin Cash Etf Fundamentals
| ABCH Etf | USD 23.54 1.26 5.08% |
Fundamental analysis of 21Shares Bitcoin allows traders to better anticipate movements in 21Shares Bitcoin's stock price by examining its financial health and performance throughout various phases of its business cycle.
21Shares |
21Shares Bitcoin Cash ETF One Year Return Analysis
21Shares Bitcoin's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current 21Shares Bitcoin One Year Return | 188.81 % |
Most of 21Shares Bitcoin's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, 21Shares Bitcoin Cash is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Based on the recorded statements, 21Shares Bitcoin Cash has an One Year Return of 188%. This is much higher than that of the 21Shares AG family and significantly higher than that of the One Year Return category. The one year return for all Switzerland etfs is notably lower than that of the firm.
21Shares One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 21Shares Bitcoin's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of 21Shares Bitcoin could also be used in its relative valuation, which is a method of valuing 21Shares Bitcoin by comparing valuation metrics of similar companies.21Shares Bitcoin is currently under evaluation in one year return as compared to similar ETFs.
21Shares Fundamentals
| Total Asset | 158.87 K | |||
| One Year Return | 188.81 % | |||
| Net Asset | 158.87 K |
About 21Shares Bitcoin Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 21Shares Bitcoin Cash's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 21Shares Bitcoin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 21Shares Bitcoin Cash based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The Amun Bitcoin Cash ETP seeks to track the investment results of Bitcoin Cash. 21Shares Bitcoin is traded on Switzerland Exchange in Switzerland.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in 21Shares Etf
21Shares Bitcoin financial ratios help investors to determine whether 21Shares 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 21Shares with respect to the benefits of owning 21Shares Bitcoin security.