Bitwise Funds Trust Etf Statistic Functions Beta
| BWEB Etf | USD 59.26 0.47 0.80% |
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The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Bitwise Funds Trust correlated with the market. If Beta is less than 0 Bitwise Funds generally moves in the opposite direction as compared to the market. If Bitwise Funds Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bitwise Funds Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bitwise Funds is generally in the same direction as the market. If Beta > 1 Bitwise Funds moves generally in the same direction as, but more than the movement of the benchmark.
Bitwise Funds Technical Analysis Modules
Most technical analysis of Bitwise Funds 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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| Volume Indicators |
About Bitwise Funds 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 Funds Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bitwise Funds Trust 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 Funds'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 Funds's intrinsic value. In addition to deriving basic predictive indicators for Bitwise Funds, we also check how macroeconomic factors affect Bitwise Funds 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 Funds' 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bitwise Funds in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bitwise Funds' short interest history, or implied volatility extrapolated from Bitwise Funds options trading.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Macroaxis Index Invested few shares | |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitwise Funds Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. 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 Funds Trust 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 Funds' value that differs from its market value or its book value, called intrinsic value, which is Bitwise Funds' 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 Funds' market value can be influenced by many factors that don't directly affect Bitwise Funds' 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 Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise Funds' 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.