Bitwise Funds Trust Etf Fundamentals
| BTOP Etf | USD 60.16 4.31 7.72% |
Bitwise Funds Trust fundamentals help investors to digest information that contributes to Bitwise Funds' financial success or failures. It also enables traders to predict the movement of Bitwise Etf. The fundamental analysis module provides a way to measure Bitwise Funds' 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 Bitwise Funds etf.
Bitwise |
Bitwise Funds Trust ETF Price To Earning Analysis
Bitwise Funds' Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Bitwise Funds Price To Earning | 11.77 X |
Most of Bitwise Funds' fundamental indicators, such as Price To Earning, 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, Bitwise Funds Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Bitwise Funds Trust has a Price To Earning of 11.77 times. This is much higher than that of the Consumer Cyclical family and significantly higher than that of the Digital Assets category. The price to earning for all United States etfs is notably lower than that of the firm.
Bitwise Funds Trust Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Bitwise Funds's current stock value. Our valuation model uses many indicators to compare Bitwise Funds value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bitwise Funds competition to find correlations between indicators driving Bitwise Funds's intrinsic value. More Info.Bitwise Funds Trust is the top ETF in price to earning as compared to similar ETFs. It also is the top ETF in price to book as compared to similar ETFs fabricating about 0.02 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Bitwise Funds Trust is roughly 53.50 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Bitwise Funds by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Did you try this?
Run Top Crypto Exchanges Now
Top Crypto ExchangesSearch and analyze digital assets across top global cryptocurrency exchanges |
| All Next | Launch Module |
Bitwise Fundamentals
| Return On Equity | -6.01 | |||
| Return On Asset | -3.34 | |||
| Current Valuation | 118.29 M | |||
| Shares Outstanding | 223.51 M | |||
| Shares Owned By Insiders | 28.93 % | |||
| Price To Earning | 11.77 X | |||
| Price To Book | 0.22 X | |||
| Gross Profit | 33 K | |||
| EBITDA | (7.79 M) | |||
| Net Income | (7.52 M) | |||
| Cash And Equivalents | 162.62 K | |||
| Total Debt | 3.39 M | |||
| Debt To Equity | 1.20 % | |||
| Current Ratio | 0.05 X | |||
| Book Value Per Share | 0.96 X | |||
| Cash Flow From Operations | (2.72 M) | |||
| Earnings Per Share | (0.08) X | |||
| Market Capitalization | 46.94 M | |||
| One Year Return | 77.40 % |
About Bitwise Funds Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bitwise Funds Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bitwise Funds using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bitwise Funds Trust 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.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.
Pair Trading with Bitwise Funds
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 Funds 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 Funds 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 |
| 0.84 | BITO | ProShares Bitcoin Buyout Trend | PairCorr |
| 0.83 | BLOK | Amplify Transformational | PairCorr |
| 0.8 | BLCN | Siren Nasdaq NexGen | PairCorr |
The ability to find closely correlated positions to Bitwise Funds 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 Funds 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 Funds - 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 Funds Trust to buy it.
The correlation of Bitwise Funds 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 Funds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitwise Funds Trust 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 Funds 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 Funds Piotroski F Score and Bitwise Funds Altman Z Score analysis. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.