Bitwise Crypto Industry Etf Performance
| BITQ Etf | USD 18.15 0.21 1.14% |
The etf shows a Beta (market volatility) of 2.77, which signifies 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, Bitwise Crypto will likely underperform.
Risk-Adjusted Performance
8 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Bitwise Crypto Industry are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Even with relatively abnormal basic indicators, Bitwise Crypto reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| In Threey Sharp Ratio | 0.25 |
Bitwise |
Bitwise Crypto Relative Risk vs. Return Landscape
If you would invest 1,411 in Bitwise Crypto Industry on November 3, 2024 and sell it today you would earn a total of 404.00 from holding Bitwise Crypto Industry or generate 28.63% return on investment over 90 days. Bitwise Crypto Industry is currently generating 0.5417% in daily expected returns and assumes 5.1497% risk (volatility on return distribution) over the 90 days horizon. In different words, 45% of etfs are less volatile than Bitwise, and 90% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Bitwise Crypto Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitwise Crypto's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Bitwise Crypto Industry, and traders can use it to determine the average amount a Bitwise Crypto'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 = 0.1052
| Best Portfolio | Best Equity | |||
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| Small Returns | BITQ | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.15 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Bitwise Crypto is performing at about 8% 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 Bitwise Crypto by adding it to a well-diversified portfolio.
Bitwise Crypto Fundamentals Growth
Bitwise Etf prices reflect investors' perceptions of the future prospects and financial health of Bitwise Crypto, and Bitwise Crypto 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 Bitwise Etf performance.
| Total Asset | 63.04 M | |||
About Bitwise Crypto Performance
Assessing Bitwise Crypto's fundamental ratios provides investors with valuable insights into Bitwise Crypto's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Bitwise Crypto is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The index was designed by Bitwise Index Services, LLC to measure the performance of companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele . Bitwise Crypto is traded on NYSEARCA Exchange in the United States.| Bitwise Crypto is way too risky over 90 days horizon | |
| Bitwise Crypto appears to be risky and price may revert if volatility continues | |
| The fund holds 99.71% of its assets under management (AUM) in equities |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitwise Crypto Industry. 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
The market value of Bitwise Crypto Industry 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 Crypto's value that differs from its market value or its book value, called intrinsic value, which is Bitwise Crypto'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 Crypto's market value can be influenced by many factors that don't directly affect Bitwise Crypto'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 Crypto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Crypto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise Crypto'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.