CoinShares Physical (Switzerland) Market Value
| BITC-USD | USD 101.38 5.31 5.53% |
| Symbol | CoinShares |
Please note, there is a significant difference between CoinShares Physical's value and its price as these two are different measures arrived at by different means. Investors typically determine if CoinShares Physical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CoinShares Physical'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.
CoinShares Physical '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 CoinShares Physical'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 CoinShares Physical.
| 01/26/2024 |
| 01/20/2025 |
If you would invest 0.00 in CoinShares Physical on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding CoinShares Physical Bitcoin or generate 0.0% return on investment in CoinShares Physical over 360 days. More
CoinShares Physical 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 CoinShares Physical'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 CoinShares Physical Bitcoin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | 0.2636 | |||
| Maximum Drawdown | 13.76 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 6.59 |
CoinShares Physical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoinShares Physical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoinShares Physical's standard deviation. In reality, there are many statistical measures that can use CoinShares Physical historical prices to predict the future CoinShares Physical's volatility.| Risk Adjusted Performance | 0.2355 | |||
| Jensen Alpha | 0.865 | |||
| Total Risk Alpha | 0.7895 | |||
| Sortino Ratio | 0.3607 | |||
| Treynor Ratio | 163.23 |
CoinShares Physical Backtested Returns
CoinShares Physical appears to be very steady, given 3 months investment horizon. CoinShares Physical secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the etf had a 0.24 % return per unit of risk over the last 3 months. By analyzing CoinShares Physical's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please makes use of CoinShares Physical's Mean Deviation of 2.61, risk adjusted performance of 0.2355, and Downside Deviation of 2.34 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.0053, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CoinShares Physical's returns are expected to increase less than the market. However, during the bear market, the loss of holding CoinShares Physical is expected to be smaller as well.
Auto-correlation | 0.24 |
Weak predictability
CoinShares Physical Bitcoin has weak predictability. Overlapping area represents the amount of predictability between CoinShares Physical time series from 26th of January 2024 to 24th of July 2024 and 24th of July 2024 to 20th 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 CoinShares Physical price movement. The serial correlation of 0.24 indicates that over 24.0% of current CoinShares Physical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 270.12 |
CoinShares Physical lagged returns against current returns
Autocorrelation, which is CoinShares Physical 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 CoinShares Physical's etf expected returns. We can calculate the autocorrelation of CoinShares Physical returns to help us make a trade decision. For example, suppose you find that CoinShares Physical 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 |
CoinShares Physical 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 CoinShares Physical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoinShares Physical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoinShares Physical etf over time.
Current vs Lagged Prices |
| Timeline |
CoinShares Physical Lagged Returns
When evaluating CoinShares Physical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoinShares Physical etf have on its future price. CoinShares Physical 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, CoinShares Physical autocorrelation shows the relationship between CoinShares Physical etf current value and its past values and can show if there is a momentum factor associated with investing in CoinShares Physical Bitcoin.
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.Other Information on Investing in CoinShares Etf
CoinShares Physical financial ratios help investors to determine whether CoinShares 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 CoinShares with respect to the benefits of owning CoinShares Physical security.