Bitcoin Etf Cad Etf Annual Yield
| EBIT Etf | CAD 45.79 1.67 3.52% |
Bitcoin ETF CAD fundamentals help investors to digest information that contributes to Bitcoin ETF's financial success or failures. It also enables traders to predict the movement of Bitcoin Etf. The fundamental analysis module provides a way to measure Bitcoin ETF'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 ETF etf.
Bitcoin |
Bitcoin ETF CAD ETF Annual Yield Analysis
Bitcoin ETF's Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
| Competition |
In accordance with the recently published financial statements, Bitcoin ETF CAD has an Annual Yield of 0.0%. This indicator is about the same for the Evolve Funds Group Inc average (which is currently at 0.0) family and about the same as Alternative Other (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Bitcoin Annual Yield Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bitcoin ETF's direct or indirect competition against its Annual Yield to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Bitcoin ETF could also be used in its relative valuation, which is a method of valuing Bitcoin ETF by comparing valuation metrics of similar companies.Bitcoin ETF is currently under evaluation in annual yield as compared to similar ETFs.
Bitcoin Fundamentals
| One Year Return | 143.90 % | |||
| Three Year Return | 19.90 % |
About Bitcoin ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bitcoin ETF CAD's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bitcoin ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bitcoin ETF CAD 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 Bitcoin ETF
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 Bitcoin ETF 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 Bitcoin ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Bitcoin Etf
| 1.0 | BTCQ | 3iQ Bitcoin ETF | PairCorr |
| 1.0 | BTCC | Purpose Bitcoin CAD | PairCorr |
| 0.95 | ETHQ | 3iQ CoinShares Ether | PairCorr |
Moving against Bitcoin Etf
| 0.99 | BITI | BetaPro Inverse Bitcoin | PairCorr |
| 0.58 | TCLB | TD Canadian Long | PairCorr |
| 0.52 | HUV | BetaPro SP 500 | PairCorr |
| 0.36 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.35 | XBB | iShares Canadian Universe | PairCorr |
The ability to find closely correlated positions to Bitcoin ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitcoin ETF 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 Bitcoin ETF - 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 Bitcoin ETF CAD to buy it.
The correlation of Bitcoin ETF 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 Bitcoin ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitcoin ETF CAD 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 Bitcoin ETF 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.Other Information on Investing in Bitcoin Etf
Bitcoin ETF financial ratios help investors to determine whether Bitcoin 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 Bitcoin with respect to the benefits of owning Bitcoin ETF security.