Valkyrie Bitcoin Strategy Etf Market Value
| BTF Etf | USD 15.00 0.05 0.33% |
| Symbol | Valkyrie |
The market value of Valkyrie Bitcoin Strategy is measured differently than its book value, which is the value of Valkyrie that is recorded on the company's balance sheet. Investors also form their own opinion of Valkyrie Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Valkyrie 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 Valkyrie Bitcoin's market value can be influenced by many factors that don't directly affect Valkyrie 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 Valkyrie Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Valkyrie Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Valkyrie 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.
Valkyrie 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 Valkyrie 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 Valkyrie Bitcoin.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Valkyrie Bitcoin on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Valkyrie Bitcoin Strategy or generate 0.0% return on investment in Valkyrie Bitcoin over 30 days. Valkyrie Bitcoin is related to or competes with ProShares Bitcoin, Bitwise Crypto, Bitwise 10, and Global X. The fund is an actively-managed ETF that seeks to achieve its investment objective by investing all or substantially all... More
Valkyrie 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 Valkyrie 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 Valkyrie Bitcoin Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.24 | |||
| Information Ratio | 0.1152 | |||
| Maximum Drawdown | 21.35 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.4 |
Valkyrie Bitcoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Valkyrie Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Valkyrie Bitcoin's standard deviation. In reality, there are many statistical measures that can use Valkyrie Bitcoin historical prices to predict the future Valkyrie Bitcoin's volatility.| Risk Adjusted Performance | 0.1214 | |||
| Jensen Alpha | 0.5323 | |||
| Total Risk Alpha | 0.1987 | |||
| Sortino Ratio | 0.1387 | |||
| Treynor Ratio | (2.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Valkyrie 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.
Valkyrie Bitcoin Strategy Backtested Returns
Valkyrie Bitcoin appears to be somewhat reliable, given 3 months investment horizon. Valkyrie Bitcoin Strategy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the etf had a 0.16 % return per unit of risk over the last 3 months. By inspecting Valkyrie Bitcoin's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please review Valkyrie Bitcoin's Coefficient Of Variation of 738.52, risk adjusted performance of 0.1214, and Semi Deviation of 2.96 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Valkyrie Bitcoin are expected to decrease at a much lower rate. During the bear market, Valkyrie Bitcoin is likely to outperform the market.
Auto-correlation | 0.51 |
Modest predictability
Valkyrie Bitcoin Strategy has modest predictability. Overlapping area represents the amount of predictability between Valkyrie Bitcoin time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Valkyrie Bitcoin Strategy price movement. The serial correlation of 0.51 indicates that about 51.0% of current Valkyrie Bitcoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Valkyrie Bitcoin Strategy lagged returns against current returns
Autocorrelation, which is Valkyrie 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 Valkyrie Bitcoin's etf expected returns. We can calculate the autocorrelation of Valkyrie Bitcoin returns to help us make a trade decision. For example, suppose you find that Valkyrie 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 |
Valkyrie 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 Valkyrie Bitcoin etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Valkyrie Bitcoin etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Valkyrie Bitcoin etf over time.
Current vs Lagged Prices |
| Timeline |
Valkyrie Bitcoin Lagged Returns
When evaluating Valkyrie Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Valkyrie Bitcoin etf have on its future price. Valkyrie 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, Valkyrie Bitcoin autocorrelation shows the relationship between Valkyrie Bitcoin etf current value and its past values and can show if there is a momentum factor associated with investing in Valkyrie Bitcoin Strategy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
| EBR | Centrais Electricas Brasileiras | |
| HE | Hawaiian Electric Industries | |
| VFC | VF Corporation | |
| BVHMF | Vistry Group PLC | |
| S | SentinelOne |
Check out Valkyrie Bitcoin Correlation, Valkyrie Bitcoin Volatility and Valkyrie Bitcoin Alpha and Beta module to complement your research on Valkyrie Bitcoin. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Valkyrie 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.