Bitcoin Strategy Profund Fund Beta
| BTCFX Fund | USD 32.99 2.03 6.56% |
Bitcoin Strategy Profund fundamentals help investors to digest information that contributes to Bitcoin Strategy's financial success or failures. It also enables traders to predict the movement of Bitcoin Mutual Fund. The fundamental analysis module provides a way to measure Bitcoin Strategy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bitcoin Strategy mutual fund.
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Bitcoin Strategy Profund Mutual Fund Beta Analysis
Bitcoin Strategy's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Bitcoin Strategy Profund has a Beta of 0.0. This indicator is about the same for the ProFunds 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 funds average (which is currently at 0.0).
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Bitcoin Fundamentals
| Total Asset | 31.96 M | |||
| Net Asset | 31.96 M | |||
| Minimum Initial Investment | 1 K |
About Bitcoin Strategy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bitcoin Strategy Profund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bitcoin Strategy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bitcoin Strategy Profund based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.
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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 Bitcoin Mutual Fund
Bitcoin Strategy financial ratios help investors to determine whether Bitcoin Mutual Fund 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 Bitcoin with respect to the benefits of owning Bitcoin Strategy security.
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