Roundhill Bitcoin Competition
| YBTC Etf | 41.12 2.40 6.20% |
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roundhill 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.
Roundhill Bitcoin Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Roundhill Bitcoin and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Roundhill and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Roundhill Bitcoin Covered does not affect the price movement of the other competitor.
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High positive correlations
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Roundhill Bitcoin Competition Risk-Adjusted Indicators
There is a big difference between Roundhill Etf performing well and Roundhill Bitcoin 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 Roundhill Bitcoin'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 | 1.58 | 0.09 | 0.00 | (0.04) | 0.00 | 2.49 | 8.65 | |||
| MSFT | 1.07 | (0.15) | 0.00 | (0.39) | 0.00 | 2.56 | 10.31 | |||
| UBER | 1.89 | 0.18 | 0.10 | 0.28 | 2.38 | 4.72 | 12.75 | |||
| F | 1.40 | 0.06 | 0.00 | (0.08) | 0.00 | 2.71 | 10.14 | |||
| T | 1.04 | 0.23 | 0.17 | 0.30 | 1.64 | 1.90 | 11.66 | |||
| A | 1.14 | (0.12) | 0.00 | (0.28) | 0.00 | 2.80 | 9.03 | |||
| CRM | 1.40 | (0.27) | 0.00 | (0.40) | 0.00 | 2.21 | 8.88 | |||
| JPM | 1.07 | 0.03 | 0.00 | (0.12) | 0.00 | 1.97 | 6.85 | |||
| MRK | 1.21 | (0.13) | 0.00 | 1.63 | 0.00 | 2.08 | 11.57 | |||
| XOM | 1.01 | (0.02) | 0.00 | (0.21) | 0.00 | 2.07 | 5.89 |
Roundhill Bitcoin Competitive Analysis
The better you understand Roundhill Bitcoin competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Roundhill Bitcoin's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Roundhill Bitcoin's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Roundhill Bitcoin Competition Performance Charts
Five steps to successful analysis of Roundhill Bitcoin Competition
Roundhill Bitcoin's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Roundhill Bitcoin Covered in relation to its competition. Roundhill Bitcoin's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Roundhill Bitcoin in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Roundhill Bitcoin's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Roundhill Bitcoin Covered, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Roundhill Bitcoin position
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Check out Roundhill Bitcoin Correlation with its peers. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
The market value of Roundhill Bitcoin Covered is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Roundhill 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 Roundhill Bitcoin's market value can be influenced by many factors that don't directly affect Roundhill 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 Roundhill Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill 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.