BitCash Price Tops 0.0008
| BITC Etf | 70.97 4.14 6.19% |
About 55% of Bitwise Funds' shareholders are presently thinking to get in. The current sentiment regarding investing in Bitwise Funds Trust etf implies that some traders are interested. The current market sentiment, together with Bitwise Funds' historical and current headlines, can help investors time the market. In addition, many technical investors use Bitwise Funds Trust etf news signals to limit their universe of possible portfolio assets.
Bitwise |
BitCash traded 0.2 percent lower against the U.S. dollar during the 1-day period ending at 1300 PM ET on October 11th. BitCash has a market capitalization of 17,091.26 and approximately 5.13 worth of BitCash was traded on exchanges in the last day. In the last seven days, BitCash has traded 5.8 percent lower against the U.S.
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Bitwise Funds Fundamental Analysis
We analyze Bitwise Funds' 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 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.
One Year Return
One Year Return Comparative Analysis
Bitwise Funds is currently under evaluation in one year return as compared to similar ETFs. 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.
Bitwise Funds Trust Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bitwise Funds etf to make a market-neutral strategy. Peer analysis of Bitwise Funds could also be used in its relative valuation, which is a method of valuing Bitwise Funds by comparing valuation metrics with similar companies.
Peers
Bitwise Funds Related Equities
| CRPT | First Trust | 8.95 | ||||
| BITQ | Bitwise Crypto | 8.38 | ||||
| BITO | ProShares Bitcoin | 6.52 | ||||
| BTC | Grayscale Bitcoin | 6.47 | ||||
| GBTC | Grayscale Bitcoin | 6.44 | ||||
| BLOK | Amplify Transformational | 2.84 |
Check out Bitwise Funds Hype Analysis, Bitwise Funds Correlation and Bitwise Funds Performance. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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.