CoinShares Physical (Switzerland) Volatility
CoinShares Physical secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the etf had a -0.13 % return per unit of risk over the last 3 months. CoinShares Physical Bitcoin exposes zero different technical indicators, which can help you to evaluate volatility embedded in its price movement.
CoinShares |
CoinShares Physical Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of CoinShares daily returns, and it is calculated using variance and standard deviation. We also use CoinShares's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of CoinShares Physical volatility.
Downward market volatility can be a perfect environment for investors who play the long game with CoinShares Physical. They may decide to buy additional shares of CoinShares Physical at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with CoinShares Etf
| 0.92 | BTCW | WisdomTree Physical | PairCorr |
| 0.88 | ETHE | CoinShares Physical | PairCorr |
| 0.72 | AXRP | 21Shares Ripple XRP | PairCorr |
| 0.74 | XRPL | CoinShares Physical XRP | PairCorr |
Moving against CoinShares Etf
| 0.53 | MAGB | Market Access NYSE | PairCorr |
| 0.5 | GGMUSY | UBS ETF plc | PairCorr |
| 0.5 | GDXJ | VanEck Junior Gold | PairCorr |
| 0.48 | ZSILUS | ZKB Silver ETF | PairCorr |
| 0.48 | AUCO | LG Gold Mining | PairCorr |
| 0.47 | ZSILHC | ZKB Silver ETF | PairCorr |
| 0.47 | SVUSA | UBS ETF Silver | PairCorr |
| 0.46 | ZSILHE | ZKB Silver ETF | PairCorr |
| 0.46 | ZSIL | ZKB Silver ETF | PairCorr |
| 0.45 | XMEX | Xtrackers MSCI Mexico | PairCorr |
CoinShares Physical Market Sensitivity And Downside Risk
CoinShares Physical's beta coefficient measures the volatility of CoinShares etf compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents CoinShares etf's returns against your selected market. In other words, CoinShares Physical's beta of 0.12 provides an investor with an approximation of how much risk CoinShares Physical etf can potentially add to one of your existing portfolios. CoinShares Physical Bitcoin exhibits very low volatility with skewness of -0.05 and kurtosis of 1.26. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure CoinShares Physical's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact CoinShares Physical's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
| α | -0.41 | β | 0.12 | Check current 90 days CoinShares Physical correlation with market (Dow Jones Industrial)
CoinShares Physical Volatility and Downside Risk
CoinShares standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
CoinShares Physical Etf Volatility Analysis
Volatility refers to the frequency at which CoinShares Physical etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with CoinShares Physical's price changes. Investors will then calculate the volatility of CoinShares Physical's etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of CoinShares Physical's volatility:
Historical Volatility
This type of etf volatility measures CoinShares Physical's fluctuations based on previous trends. It's commonly used to predict CoinShares Physical's future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for CoinShares Physical's current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on CoinShares Physical's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. CoinShares Physical Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
CoinShares Physical Projected Return Density Against Market
Assuming the 90 days trading horizon CoinShares Physical has a beta of 0.1174 suggesting as returns on the market go up, CoinShares Physical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding CoinShares Physical Bitcoin will be expected to be much smaller as well.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CoinShares Physical or CoinShares (Jersey) Limited sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CoinShares Physical's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CoinShares etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Predicted Return Density |
| Returns |
What Drives a CoinShares Physical Price Volatility?
Several factors can influence a etf's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.CoinShares Physical Etf Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of CoinShares Physical is -766.43. The daily returns are distributed with a variance of 9.31 and standard deviation of 3.05. The mean deviation of CoinShares Physical Bitcoin is currently at 2.25. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.73
α | Alpha over Dow Jones | -0.41 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 3.05 | |
Ir | Information ratio | -0.15 |
CoinShares Physical Etf Return Volatility
CoinShares Physical historical daily return volatility represents how much of CoinShares Physical etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund accepts 3.051% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7542% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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CoinShares Physical Competition Risk-Adjusted Indicators
There is a big difference between CoinShares Etf performing well and CoinShares Physical ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CoinShares Physical's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.66 | (0.15) | 0.00 | (0.10) | 0.00 | 3.43 | 13.36 | |||
| MSFT | 1.26 | (0.41) | 0.00 | (2.17) | 0.00 | 1.78 | 13.28 | |||
| UBER | 1.51 | (0.33) | 0.00 | (0.37) | 0.00 | 2.46 | 10.23 | |||
| F | 1.23 | 0.03 | 0.02 | 0.07 | 1.22 | 3.38 | 7.16 | |||
| T | 0.95 | 0.11 | 0.07 | 0.54 | 0.94 | 2.02 | 4.31 | |||
| A | 1.21 | (0.17) | 0.00 | (0.09) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.65 | (0.40) | 0.00 | (0.33) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.13 | 0.00 | 0.01 | 0.04 | 1.63 | 2.18 | 7.38 | |||
| MRK | 1.30 | 0.43 | 0.30 | 0.61 | 1.09 | 3.59 | 8.09 | |||
| XOM | 1.14 | 0.33 | 0.22 | (21.90) | 0.99 | 2.41 | 5.85 |
About CoinShares Physical Volatility
Volatility is a rate at which the price of CoinShares Physical or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of CoinShares Physical may increase or decrease. In other words, similar to CoinShares's beta indicator, it measures the risk of CoinShares Physical and helps estimate the fluctuations that may happen in a short period of time. So if prices of CoinShares Physical fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.This product is designed to offer investors a means of investing in Bitcoin without having to acquire Bitcoin themselves and to enable investors to buy and sell exposure to Bitcoin by trading of a security on a regulated European stock exchange. CoinShares Physical is traded on Switzerland Exchange in Switzerland.
CoinShares Physical's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on CoinShares Etf over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much CoinShares Physical's price varies over time.
3 ways to utilize CoinShares Physical's volatility to invest better
Higher CoinShares Physical's etf volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of CoinShares Physical etf is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. CoinShares Physical etf volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of CoinShares Physical investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in CoinShares Physical's etf can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of CoinShares Physical's etf relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
CoinShares Physical Investment Opportunity
CoinShares Physical Bitcoin has a volatility of 3.05 and is 4.07 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of CoinShares Physical Bitcoin is lower than 27 percent of all global equities and portfolios over the last 90 days. You can use CoinShares Physical Bitcoin to enhance the returns of your portfolios. The etf experiences a very speculative upward sentiment. Check odds of CoinShares Physical to be traded at ₣72.75 in 90 days.Good diversification
The correlation between CoinShares Physical Bitcoin and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CoinShares Physical Bitcoin and DJI in the same portfolio, assuming nothing else is changed.
CoinShares Physical Additional Risk Indicators
The analysis of CoinShares Physical's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in CoinShares Physical's investment and either accepting that risk or mitigating it. Along with some common measures of CoinShares Physical etf's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | (0.09) | |||
| Market Risk Adjusted Performance | (3.47) | |||
| Mean Deviation | 2.25 | |||
| Coefficient Of Variation | (766.43) | |||
| Standard Deviation | 3.05 | |||
| Variance | 9.31 | |||
| Information Ratio | (0.15) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
CoinShares Physical Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against CoinShares Physical as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. CoinShares Physical's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, CoinShares Physical's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to CoinShares Physical Bitcoin.
Other Information on Investing in CoinShares Etf
CoinShares Physical financial ratios help investors to determine whether CoinShares 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 CoinShares with respect to the benefits of owning CoinShares Physical security.