Franklin Bitcoin Etf Market Value
| EZBC Etf | 57.60 0.60 1.05% |
| Symbol | Franklin |
The market value of Franklin Bitcoin ETF is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Franklin 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 Franklin Bitcoin's market value can be influenced by many factors that don't directly affect Franklin 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 Franklin Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin 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.
Franklin 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 Franklin 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 Franklin Bitcoin.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Franklin Bitcoin on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Bitcoin ETF or generate 0.0% return on investment in Franklin Bitcoin over 30 days. Franklin Bitcoin is related to or competes with ProShares Trust, IShares Ethereum, Volatility Shares, VanEck Ethereum, Bitwise Ethereum, and . Franklin Bitcoin is entity of United States More
Franklin 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 Franklin 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 Franklin Bitcoin ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.2058 | |||
| Maximum Drawdown | 15.76 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 5.84 |
Franklin Bitcoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Bitcoin's standard deviation. In reality, there are many statistical measures that can use Franklin Bitcoin historical prices to predict the future Franklin Bitcoin's volatility.| Risk Adjusted Performance | 0.1959 | |||
| Jensen Alpha | 0.5142 | |||
| Total Risk Alpha | 0.2802 | |||
| Sortino Ratio | 0.2809 | |||
| Treynor Ratio | 0.338 |
Franklin Bitcoin ETF Backtested Returns
Franklin Bitcoin appears to be very steady, given 3 months investment horizon. Franklin Bitcoin ETF secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the etf had a 0.23% return per unit of standard deviation over the last 3 months. By reviewing Franklin Bitcoin's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize Franklin Bitcoin's Mean Deviation of 2.5, downside deviation of 2.42, and Semi Deviation of 1.91 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 2.37, which means 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, Franklin Bitcoin will likely underperform.
Auto-correlation | 0.76 |
Good predictability
Franklin Bitcoin ETF has good predictability. Overlapping area represents the amount of predictability between Franklin Bitcoin time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Franklin Bitcoin ETF price movement. The serial correlation of 0.76 indicates that around 76.0% of current Franklin Bitcoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 6.11 |
Franklin Bitcoin ETF lagged returns against current returns
Autocorrelation, which is Franklin 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 Franklin Bitcoin's etf expected returns. We can calculate the autocorrelation of Franklin Bitcoin returns to help us make a trade decision. For example, suppose you find that Franklin 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 |
Franklin 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 Franklin Bitcoin etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Bitcoin etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Bitcoin etf over time.
Current vs Lagged Prices |
| Timeline |
Franklin Bitcoin Lagged Returns
When evaluating Franklin Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Bitcoin etf have on its future price. Franklin 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, Franklin Bitcoin autocorrelation shows the relationship between Franklin Bitcoin etf current value and its past values and can show if there is a momentum factor associated with investing in Franklin 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 Franklin 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 Franklin 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 Franklin Bitcoin Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Franklin Bitcoin Etf:Check out Franklin Bitcoin Correlation, Franklin Bitcoin Volatility and Franklin Bitcoin Alpha and Beta module to complement your research on Franklin Bitcoin. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Franklin 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.