21Shares Bitwise (Switzerland) Market Value
| KEYS Etf | USD 33.02 0.20 0.60% |
| Symbol | 21Shares |
Please note, there is a significant difference between 21Shares Bitwise's value and its price as these two are different measures arrived at by different means. Investors typically determine if 21Shares Bitwise is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 21Shares Bitwise'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.
21Shares Bitwise '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 Bitwise'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 Bitwise.
| 01/08/2025 |
| 02/07/2025 |
If you would invest 0.00 in 21Shares Bitwise on January 8, 2025 and sell it all today you would earn a total of 0.00 from holding 21Shares Bitwise Select or generate 0.0% return on investment in 21Shares Bitwise over 30 days. 21Shares Bitwise is traded on Switzerland Exchange in Switzerland. More
21Shares Bitwise 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 Bitwise'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 Bitwise Select upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | 0.0951 | |||
| Maximum Drawdown | 19.32 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 6.32 |
21Shares Bitwise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Bitwise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Bitwise's standard deviation. In reality, there are many statistical measures that can use 21Shares Bitwise historical prices to predict the future 21Shares Bitwise's volatility.| Risk Adjusted Performance | 0.1087 | |||
| Jensen Alpha | 0.4423 | |||
| Total Risk Alpha | 0.0493 | |||
| Sortino Ratio | 0.0915 | |||
| Treynor Ratio | (7.32) |
21Shares Bitwise Select Backtested Returns
21Shares Bitwise appears to be not too volatile, given 3 months investment horizon. 21Shares Bitwise Select secures Sharpe Ratio (or Efficiency) of 0.0904, which signifies that the etf had a 0.0904 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for 21Shares Bitwise Select, which you can use to evaluate the volatility of the entity. Please makes use of 21Shares Bitwise's mean deviation of 2.88, and Coefficient Of Variation of 822.38 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of -0.0597, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 21Shares Bitwise are expected to decrease at a much lower rate. During the bear market, 21Shares Bitwise is likely to outperform the market.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
21Shares Bitwise Select has almost perfect reverse predictability. Overlapping area represents the amount of predictability between 21Shares Bitwise time series from 8th of January 2025 to 23rd of January 2025 and 23rd of January 2025 to 7th 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 21Shares Bitwise Select price movement. The serial correlation of -0.73 indicates that around 73.0% of current 21Shares Bitwise price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 2.82 |
21Shares Bitwise Select lagged returns against current returns
Autocorrelation, which is 21Shares Bitwise 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 Bitwise's etf expected returns. We can calculate the autocorrelation of 21Shares Bitwise returns to help us make a trade decision. For example, suppose you find that 21Shares Bitwise 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 Bitwise 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 Bitwise etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Bitwise etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Bitwise etf over time.
Current vs Lagged Prices |
| Timeline |
21Shares Bitwise Lagged Returns
When evaluating 21Shares Bitwise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Bitwise etf have on its future price. 21Shares Bitwise 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 Bitwise autocorrelation shows the relationship between 21Shares Bitwise etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Bitwise Select.
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 21Shares Etf
21Shares Bitwise financial ratios help investors to determine whether 21Shares 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 21Shares with respect to the benefits of owning 21Shares Bitwise security.