Bitwise Xrp Etf Market Value
| XRP Etf | 20.95 0.23 1.11% |
| Symbol | Bitwise |
The market value of Bitwise XRP 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 XRP's value that differs from its market value or its book value, called intrinsic value, which is Bitwise XRP'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 XRP's market value can be influenced by many factors that don't directly affect Bitwise XRP'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 XRP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise XRP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise XRP'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 XRP '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 XRP'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 XRP.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in Bitwise XRP on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Bitwise XRP ETF or generate 0.0% return on investment in Bitwise XRP over 570 days. Bitwise XRP is related to or competes with CoinShares Altcoins, VanEck Solana, ProShares Trust, Hashdex Nasdaq, Grayscale Ethereum, and IShares Ethereum. Bitwise XRP is entity of United States. It is traded as Etf on NYSE ARCA exchange. More
Bitwise XRP 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 XRP'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 XRP ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 23.39 | |||
| Value At Risk | (6.02) | |||
| Potential Upside | 7.36 |
Bitwise XRP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitwise XRP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitwise XRP's standard deviation. In reality, there are many statistical measures that can use Bitwise XRP historical prices to predict the future Bitwise XRP's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.99) |
Bitwise XRP ETF Backtested Returns
Bitwise XRP ETF secures Sharpe Ratio (or Efficiency) of -0.0344, which signifies that the etf had a -0.0344 % return per unit of risk over the last 3 months. Bitwise XRP ETF exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bitwise XRP's Standard Deviation of 4.58, mean deviation of 3.15, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bitwise XRP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bitwise XRP is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Bitwise XRP ETF has no correlation between past and present. Overlapping area represents the amount of predictability between Bitwise XRP time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 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 Bitwise XRP ETF price movement. The serial correlation of 0.0 indicates that just 0.0% of current Bitwise XRP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bitwise XRP ETF lagged returns against current returns
Autocorrelation, which is Bitwise XRP 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 XRP's etf expected returns. We can calculate the autocorrelation of Bitwise XRP returns to help us make a trade decision. For example, suppose you find that Bitwise XRP 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 XRP 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 XRP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitwise XRP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitwise XRP etf over time.
Current vs Lagged Prices |
| Timeline |
Bitwise XRP Lagged Returns
When evaluating Bitwise XRP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitwise XRP etf have on its future price. Bitwise XRP 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 XRP autocorrelation shows the relationship between Bitwise XRP etf current value and its past values and can show if there is a momentum factor associated with investing in Bitwise XRP ETF.
Regressed Prices |
| Timeline |
Pair Trading with Bitwise XRP
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitwise XRP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitwise XRP will appreciate offsetting losses from the drop in the long position's value.Moving against Bitwise Etf
| 0.53 | BITO | ProShares Bitcoin | PairCorr |
| 0.5 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.5 | BTC | Grayscale Bitcoin Mini | PairCorr |
| 0.45 | BCDF | Listed Funds Trust | PairCorr |
| 0.42 | BTF | Valkyrie Bitcoin Strategy | PairCorr |
The ability to find closely correlated positions to Bitwise XRP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitwise XRP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitwise XRP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitwise XRP ETF to buy it.
The correlation of Bitwise XRP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitwise XRP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitwise XRP ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bitwise XRP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bitwise XRP Correlation, Bitwise XRP Volatility and Bitwise XRP Alpha and Beta module to complement your research on Bitwise XRP. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Bitwise XRP 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.