Stkd Bitcoin Gold Etf Performance
| BTGD Etf | 30.65 0.18 0.58% |
The entity has a beta of -0.0741, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning STKD Bitcoin are expected to decrease at a much lower rate. During the bear market, STKD Bitcoin is likely to outperform the market.
Risk-Adjusted Performance
21 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in STKD Bitcoin Gold are ranked lower than 21 (%) of all global equities and portfolios over the last 90 days. In spite of rather weak technical and fundamental indicators, STKD Bitcoin exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | New ETF Combines Digital and Physical Currency, Provides 100 percent Exposure to Bitcoin 100 percent Exposure to Gold | 10/16/2024 |
2 | New ETF Offers Dual Exposure to Bitcoin, Gold - etf.com | 10/17/2024 |
3 | A Look Back at Crypto ETFs - ETF Trends | 10/31/2024 |
4 | 5 Leveraged ETFs of Last Week That Gained More Than 25 percent - Yahoo Finance | 11/26/2024 |
STKD |
STKD Bitcoin Relative Risk vs. Return Landscape
If you would invest 2,034 in STKD Bitcoin Gold on September 18, 2024 and sell it today you would earn a total of 1,031 from holding STKD Bitcoin Gold or generate 50.69% return on investment over 90 days. STKD Bitcoin Gold is currently generating 1.0008% in daily expected returns and assumes 3.6567% risk (volatility on return distribution) over the 90 days horizon. In different words, 32% of etfs are less volatile than STKD, and 81% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
STKD Bitcoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for STKD Bitcoin's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as STKD Bitcoin Gold, and traders can use it to determine the average amount a STKD 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 = 0.2737
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.66 actual daily | 32 68% of assets are more volatile |
Expected Return
| 1.0 actual daily | 19 81% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average STKD Bitcoin is performing at about 21% 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 STKD Bitcoin by adding it to a well-diversified portfolio.
About STKD Bitcoin Performance
By analyzing STKD Bitcoin's fundamental ratios, stakeholders can gain valuable insights into STKD Bitcoin's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if STKD Bitcoin has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if STKD Bitcoin has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
STKD Bitcoin is entity of United States. It is traded as Etf on NASDAQ exchange.| STKD Bitcoin Gold appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: 5 Leveraged ETFs of Last Week That Gained More Than 25 percent - Yahoo Finance |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in STKD Bitcoin Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of STKD Bitcoin Gold is measured differently than its book value, which is the value of STKD that is recorded on the company's balance sheet. Investors also form their own opinion of STKD Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is STKD 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 STKD Bitcoin's market value can be influenced by many factors that don't directly affect STKD 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 STKD Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if STKD Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STKD 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.