21Shares Bitcoin's market value is the price at which a share of 21Shares Bitcoin trades on a public exchange. It measures the collective expectations of 21Shares Bitcoin ETP investors about its performance. 21Shares Bitcoin is selling for under 32.32 as of the 24th of January 2025; that is 14.04% up since the beginning of the trading day. The etf's lowest day price was 30.65. With this module, you can estimate the performance of a buy and hold strategy of 21Shares Bitcoin ETP and determine expected loss or profit from investing in 21Shares Bitcoin over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
21Shares
21Shares Bitcoin 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 21Shares Bitcoin's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 21Shares Bitcoin.
0.00
12/25/2024
No Change 0.00
0.0
In 30 days
01/24/2025
0.00
If you would invest 0.00 in 21Shares Bitcoin on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding 21Shares Bitcoin ETP or generate 0.0% return on investment in 21Shares Bitcoin over 30 days.
21Shares Bitcoin Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 21Shares Bitcoin's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess 21Shares Bitcoin ETP upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Bitcoin's standard deviation. In reality, there are many statistical measures that can use 21Shares Bitcoin historical prices to predict the future 21Shares Bitcoin's volatility.
21Shares Bitcoin is not too volatile given 3 months investment horizon. 21Shares Bitcoin ETP secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the etf had a 0.28 % return per unit of risk over the last 3 months. We are able to interpolate and break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.09% are justified by taking the suggested risk. Use 21Shares Bitcoin coefficient of variation of 567.31, and Mean Deviation of 3.63 to evaluate company specific risk that cannot be diversified away. The entity shows a Beta (market volatility) of 0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 21Shares Bitcoin's returns are expected to increase less than the market. However, during the bear market, the loss of holding 21Shares Bitcoin is expected to be smaller as well.
Auto-correlation
0.01
Virtually no predictability
21Shares Bitcoin ETP has virtually no predictability. Overlapping area represents the amount of predictability between 21Shares Bitcoin time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 21Shares Bitcoin ETP price movement. The serial correlation of 0.01 indicates that just 1.0% of current 21Shares Bitcoin price fluctuation can be explain by its past prices.
Correlation Coefficient
0.01
Spearman Rank Test
0.14
Residual Average
0.0
Price Variance
1.51
21Shares Bitcoin ETP lagged returns against current returns
Autocorrelation, which is 21Shares Bitcoin etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting 21Shares Bitcoin's etf expected returns. We can calculate the autocorrelation of 21Shares Bitcoin returns to help us make a trade decision. For example, suppose you find that 21Shares Bitcoin has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
21Shares Bitcoin regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If 21Shares Bitcoin etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Bitcoin etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Bitcoin etf over time.
Current vs Lagged Prices
Timeline
21Shares Bitcoin Lagged Returns
When evaluating 21Shares Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Bitcoin etf have on its future price. 21Shares Bitcoin autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, 21Shares Bitcoin autocorrelation shows the relationship between 21Shares Bitcoin etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Bitcoin ETP.
Regressed Prices
Timeline
Also Currently Popular
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.