Proshares Bitcoin Strategy Etf Performance
| BITO Etf | USD 26.69 0.26 0.98% |
The etf holds a Beta of 2.33, which implies 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, ProShares Bitcoin will likely underperform.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares Bitcoin Strategy are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of very unsteady basic indicators, ProShares Bitcoin displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | BITO ETF Outflow Alert - Nasdaq | 09/04/2024 |
2 | September 2025 Options Now Available For Proshares Bitcoin Etf - Nasdaq | 10/01/2024 |
3 | ProShares Bitcoin ETF Stock Price Up 4.6 percent Heres Why | 10/16/2024 |
4 | ProShares Bitcoin ETF Shares Gap Down Should You Sell | 11/01/2024 |
5 | Bitcoin Surges Post-Election, ETF Outshines Gold as Market Interest Peaks | 11/12/2024 |
6 | Notable ETF Outflow Detected - BITO - Nasdaq | 11/21/2024 |
| In Threey Sharp Ratio | 0.21 |
ProShares |
ProShares Bitcoin Relative Risk vs. Return Landscape
If you would invest 1,717 in ProShares Bitcoin Strategy on August 26, 2024 and sell it today you would earn a total of 952.00 from holding ProShares Bitcoin Strategy or generate 55.45% return on investment over 90 days. ProShares Bitcoin Strategy is currently generating 0.7329% in daily expected returns and assumes 3.2983% risk (volatility on return distribution) over the 90 days horizon. In different words, 29% of etfs are less volatile than ProShares, and 86% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
ProShares Bitcoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Bitcoin's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares Bitcoin Strategy, and traders can use it to determine the average amount a ProShares Bitcoin's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2222
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | BITO | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.3 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average ProShares Bitcoin is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares Bitcoin by adding it to a well-diversified portfolio.
ProShares Bitcoin Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares Bitcoin, and ProShares Bitcoin fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ProShares Etf performance.
| Total Asset | 614.68 M | |||
About ProShares Bitcoin Performance
By examining ProShares Bitcoin's fundamental ratios, stakeholders can obtain critical insights into ProShares Bitcoin's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that ProShares Bitcoin is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund adviser seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts. Proshares Bitcoin is traded on NYSEARCA Exchange in the United States.| ProShares Bitcoin appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Notable ETF Outflow Detected - BITO - Nasdaq |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Bitcoin Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of ProShares Bitcoin is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is ProShares 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 ProShares Bitcoin's market value can be influenced by many factors that don't directly affect ProShares 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 ProShares Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares 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.