Bitcoin Etf Cad Etf Performance
| EBIT Etf | CAD 47.46 2.24 4.51% |
The etf shows a Beta (market volatility) of 1.32, 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, Bitcoin ETF will likely underperform.
Risk-Adjusted Performance
20 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Bitcoin ETF CAD are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. In spite of very weak basic indicators, Bitcoin ETF displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
| In Threey Sharp Ratio | 0.33 |
Bitcoin |
Bitcoin ETF Relative Risk vs. Return Landscape
If you would invest 2,853 in Bitcoin ETF CAD on August 28, 2024 and sell it today you would earn a total of 1,893 from holding Bitcoin ETF CAD or generate 66.35% return on investment over 90 days. Bitcoin ETF CAD is generating 0.8776% of daily returns and assumes 3.3511% volatility on return distribution over the 90 days horizon. Simply put, 29% of etfs are less volatile than Bitcoin, and 83% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Bitcoin ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitcoin ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Bitcoin ETF CAD, and traders can use it to determine the average amount a Bitcoin ETF'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 = 0.2619
| Best Portfolio | Best Equity | |||
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| Small Returns | EBIT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.35 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.88 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Bitcoin ETF is performing at about 20% 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 Bitcoin ETF by adding it to a well-diversified portfolio.
Bitcoin ETF Fundamentals Growth
Bitcoin Etf prices reflect investors' perceptions of the future prospects and financial health of Bitcoin ETF, and Bitcoin ETF 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 Bitcoin Etf performance.
About Bitcoin ETF Performance
By examining Bitcoin ETF's fundamental ratios, stakeholders can obtain critical insights into Bitcoin ETF'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 Bitcoin ETF 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.
BITCOIN ETF is traded on Toronto Stock Exchange in Canada.| Bitcoin ETF CAD appears to be risky and price may revert if volatility continues |
Other Information on Investing in Bitcoin Etf
Bitcoin ETF financial ratios help investors to determine whether Bitcoin 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 Bitcoin with respect to the benefits of owning Bitcoin ETF security.