Bitwise Crypto Industry Etf Current Valuation
| BITQ Etf | USD 20.74 1.04 5.28% |
Valuation analysis of Bitwise Crypto Industry helps investors to measure Bitwise Crypto's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Overvalued
Today
Please note that Bitwise Crypto's price fluctuation is not too volatile at this time. Calculation of the real value of Bitwise Crypto Industry is based on 3 months time horizon. Increasing Bitwise Crypto's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Bitwise Crypto's intrinsic value may or may not be the same as its current market price of 20.74, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 20.74 | Real 19.08 | Hype 18.92 | Naive 20.71 |
The intrinsic value of Bitwise Crypto's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Bitwise Crypto's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Bitwise Crypto Industry helps investors to forecast how Bitwise etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Bitwise Crypto more accurately as focusing exclusively on Bitwise Crypto's fundamentals will not take into account other important factors: Bitwise Crypto Industry ETF Current Valuation Analysis
Bitwise Crypto's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Bitwise Crypto Industry has a Current Valuation of 0.0. This indicator is about the same for the Exchange Traded Concepts average (which is currently at 0.0) family and about the same as Digital Assets (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
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Fund Asset Allocation for Bitwise Crypto
The fund invests 99.71% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Bitwise Crypto's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Bitwise Fundamentals
| Total Asset | 63.04 M | |||
| One Year Return | 173.90 % | |||
| Three Year Return | (9.60) % | |||
| Net Asset | 63.04 M | |||
| Equity Positions Weight | 99.71 % |
About Bitwise Crypto Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bitwise Crypto Industry's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bitwise Crypto using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bitwise Crypto Industry 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.
Pair Trading with Bitwise Crypto
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitwise Crypto position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitwise Crypto will appreciate offsetting losses from the drop in the long position's value.Moving together with Bitwise Etf
| 0.97 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.96 | BITO | ProShares Bitcoin Aggressive Push | PairCorr |
| 0.99 | BLOK | Amplify Transformational | PairCorr |
| 0.94 | BLCN | Siren Nasdaq NexGen | PairCorr |
Moving against Bitwise Etf
| 0.44 | VXX | iPath Series B | PairCorr |
| 0.42 | LUX | Tema ETF Trust | PairCorr |
| 0.4 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.32 | INTL | Main International ETF | PairCorr |
The ability to find closely correlated positions to Bitwise Crypto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitwise Crypto when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitwise Crypto - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitwise Crypto Industry to buy it.
The correlation of Bitwise Crypto is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitwise Crypto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitwise Crypto Industry moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bitwise Crypto can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bitwise Crypto Piotroski F Score and Bitwise Crypto Altman Z Score analysis. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of Bitwise Crypto Industry 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 Crypto's value that differs from its market value or its book value, called intrinsic value, which is Bitwise Crypto'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 Bitwise Crypto's market value can be influenced by many factors that don't directly affect Bitwise Crypto'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 Bitwise Crypto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Crypto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise Crypto'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.