ETHPoW 24-Hour Trading Volume Reaches 5.80 Million
| ETHW Etf | 23.66 0.44 1.83% |
Slightly above 62% of Bitwise Ethereum's investor base is looking to short. The current sentiment regarding investing in Bitwise Ethereum ETF etf implies that many traders are alarmed. Bitwise Ethereum's investing sentiment can be driven by a variety of factors including economic data, Bitwise Ethereum's earnings reports, geopolitical events, and overall market trends.
Bitwise Ethereum etf news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Bitwise daily returns and investor perception about the current price of Bitwise Ethereum ETF as well as its diversification or hedging effects on your existing portfolios.
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ETHPoW traded up 0.3 percent against the U.S. dollar during the 1-day period ending at 1700 PM Eastern on October 19th. Over the last week, ETHPoW has traded down 5.1 percent against the U.S. dollar. ETHPoW has a market cap of 359.55 million and 5.80 million worth of ETHPoW was traded on exchanges in the last
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Bitwise Ethereum Fundamental Analysis
We analyze Bitwise Ethereum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bitwise Ethereum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bitwise Ethereum 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Bitwise Ethereum is rated below average in probability of bankruptcy as compared to similar ETFs. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Bitwise Ethereum ETF 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 Ethereum etf to make a market-neutral strategy. Peer analysis of Bitwise Ethereum could also be used in its relative valuation, which is a method of valuing Bitwise Ethereum by comparing valuation metrics with similar companies.
Peers
Bitwise Ethereum Related Equities
| EZBC | Franklin Bitcoin | 1.05 | ||||
| ETHW | Bitwise Ethereum | 1.83 | ||||
| ETHA | IShares Ethereum | 1.85 | ||||
| ETHV | VanEck Ethereum | 1.99 | ||||
| EETH | ProShares Trust | 2.09 | ||||
| ETHU | Volatility Shares | 4.22 |
Check out Bitwise Ethereum Hype Analysis, Bitwise Ethereum Correlation and Bitwise Ethereum Performance. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
The market value of Bitwise Ethereum ETF 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 Ethereum's value that differs from its market value or its book value, called intrinsic value, which is Bitwise Ethereum'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 Ethereum's market value can be influenced by many factors that don't directly affect Bitwise Ethereum'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 Ethereum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Ethereum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise Ethereum'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.