Bitwise Bitcoin Etf Market Value
| BITB Etf | 52.68 3.15 6.36% |
| Symbol | Bitwise |
The market value of Bitwise Bitcoin 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 Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Bitwise Bitcoin'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 Bitcoin's market value can be influenced by many factors that don't directly affect Bitwise Bitcoin'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 Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise Bitcoin'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.
Bitwise 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 Bitwise 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 Bitwise Bitcoin.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Bitwise Bitcoin on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Bitwise Bitcoin ETF or generate 0.0% return on investment in Bitwise Bitcoin over 30 days. Bitwise Bitcoin is related to or competes with ProShares Trust, IShares Ethereum, Volatility Shares, VanEck Ethereum, Bitwise Ethereum, and Franklin Bitcoin. Bitwise Bitcoin is entity of United States More
Bitwise 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 Bitwise 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 Bitwise Bitcoin ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | 0.141 | |||
| Maximum Drawdown | 17.78 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 5.88 |
Bitwise Bitcoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitwise Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitwise Bitcoin's standard deviation. In reality, there are many statistical measures that can use Bitwise Bitcoin historical prices to predict the future Bitwise Bitcoin's volatility.| Risk Adjusted Performance | 0.1452 | |||
| Jensen Alpha | 0.3394 | |||
| Total Risk Alpha | 0.065 | |||
| Sortino Ratio | 0.179 | |||
| Treynor Ratio | 0.2813 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bitwise Bitcoin's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bitwise Bitcoin ETF Backtested Returns
Bitwise Bitcoin appears to be very steady, given 3 months investment horizon. Bitwise Bitcoin ETF secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the etf had a 0.22% return per unit of risk over the last 3 months. By analyzing Bitwise Bitcoin's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please makes use of Bitwise Bitcoin's Risk Adjusted Performance of 0.1452, mean deviation of 2.52, and Downside Deviation of 2.64 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 2.11, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bitwise Bitcoin will likely underperform.
Auto-correlation | 0.36 |
Below average predictability
Bitwise Bitcoin ETF has below average predictability. Overlapping area represents the amount of predictability between Bitwise Bitcoin time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bitwise Bitcoin ETF price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Bitwise Bitcoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 3.64 |
Bitwise Bitcoin ETF lagged returns against current returns
Autocorrelation, which is Bitwise 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 Bitwise Bitcoin's etf expected returns. We can calculate the autocorrelation of Bitwise Bitcoin returns to help us make a trade decision. For example, suppose you find that Bitwise 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 |
Bitwise 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 Bitwise Bitcoin etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitwise Bitcoin etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitwise Bitcoin etf over time.
Current vs Lagged Prices |
| Timeline |
Bitwise Bitcoin Lagged Returns
When evaluating Bitwise Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitwise Bitcoin etf have on its future price. Bitwise 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, Bitwise Bitcoin autocorrelation shows the relationship between Bitwise Bitcoin etf current value and its past values and can show if there is a momentum factor associated with investing in Bitwise Bitcoin ETF.
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.When determining whether Bitwise Bitcoin ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bitwise Bitcoin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bitwise Bitcoin Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Bitwise Bitcoin Etf:Check out Bitwise Bitcoin Correlation, Bitwise Bitcoin Volatility and Bitwise Bitcoin Alpha and Beta module to complement your research on Bitwise Bitcoin. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Bitwise Bitcoin technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.