Bitwise Bitcoin Etf Statistic Functions Beta
| BITB Etf | 54.10 0.59 1.10% |
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The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Bitwise Bitcoin ETF correlated with the market. If Beta is less than 0 Bitwise Bitcoin generally moves in the opposite direction as compared to the market. If Bitwise Bitcoin Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bitwise Bitcoin ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bitwise Bitcoin is generally in the same direction as the market. If Beta > 1 Bitwise Bitcoin moves generally in the same direction as, but more than the movement of the benchmark.
Bitwise Bitcoin Technical Analysis Modules
Most technical analysis of Bitwise Bitcoin help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Bitwise from various momentum indicators to cycle indicators. When you analyze Bitwise charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Bitwise Bitcoin Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bitwise Bitcoin ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bitwise Bitcoin ETF based on widely used predictive technical indicators. In general, we focus on analyzing Bitwise Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bitwise Bitcoin's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Bitwise Bitcoin's intrinsic value. In addition to deriving basic predictive indicators for Bitwise Bitcoin, we also check how macroeconomic factors affect Bitwise Bitcoin price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bitwise Bitcoin's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Bitwise Bitcoin ETF pair trading
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 Bitcoin 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 Bitcoin will appreciate offsetting losses from the drop in the long position's value.Bitwise Bitcoin Pair Trading
Bitwise Bitcoin ETF Pair Trading Analysis
The ability to find closely correlated positions to Bitwise Bitcoin 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 Bitcoin 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 Bitcoin - 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 Bitcoin ETF to buy it.
The correlation of Bitwise Bitcoin 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 Bitcoin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitwise Bitcoin 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 Bitcoin 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitwise Bitcoin ETF. 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of Bitwise Bitcoin 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 Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Bitwise 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 Bitwise Bitcoin's market value can be influenced by many factors that don't directly affect Bitwise 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 Bitwise Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise 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.