21Shares Bitcoin (Switzerland) Price on December 3, 2024
| ABTC-GBP | GBP 25.65 0.14 0.54% |
If you're considering investing in 21Shares Etf, it is important to understand the factors that can impact its price. As of today, the current price of 21Shares Bitcoin stands at 25.65, as last reported on the 4th of December, with the highest price reaching 25.65 and the lowest price hitting 25.53 during the day. 21Shares Bitcoin appears to be very steady, given 3 months investment horizon. 21Shares Bitcoin ETP secures Sharpe Ratio (or Efficiency) of 0.34, which signifies that the etf had a 0.34% return per unit of risk over the last 3 months. By inspecting 21Shares Bitcoin's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please makes use of 21Shares Bitcoin's mean deviation of 2.11, and Coefficient Of Variation of 319.3 to double-check if our risk estimates are consistent with your expectations.
21Shares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
21Shares |
Sharpe Ratio = 0.3394
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Estimated Market Risk
| 2.7 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.92 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.34 actual daily | 26 74% of assets perform better |
Based on monthly moving average 21Shares Bitcoin is performing at about 26% 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 21Shares Bitcoin by adding it to a well-diversified portfolio.
21Shares Bitcoin Valuation on December 3, 2024
It is possible to determine the worth of 21Shares Bitcoin on a given historical date. On December 3, 2024 21Shares was worth 25.53 at the beginning of the trading date compared to the closed value of 25.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 21Shares Bitcoin etf. Still, in general, we apply an absolute valuation method to find 21Shares Bitcoin's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of 21Shares Bitcoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 21Shares Bitcoin's related companies.
| Open | High | Low | Close | Volume | |
| 25.53 | 25.79 | 25.53 | 25.79 | 1.00 | |
12/03/2024 | 25.53 | 25.65 | 25.53 | 25.65 | 1.00 |
| 25.53 | 25.65 | 25.53 | 25.65 | 0.00 |
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21Shares Bitcoin Trading Date Momentum on December 3, 2024
| On December 04 2024 21Shares Bitcoin ETP was traded for 25.65 at the closing time. The highest price during the trading period was 25.65 and the lowest recorded bid was listed for 25.53 . There was no trading activity during the period 0.0. Lack of trading volume on December 4, 2024 had no effect on price fluctuation. The daily price change to the current price is 0.47% . |
About 21Shares Bitcoin Etf history
21Shares Bitcoin investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for 21Shares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 21Shares Bitcoin ETP will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing 21Shares Bitcoin stock prices may prove useful in developing a viable investing in 21Shares Bitcoin
21Shares Bitcoin Etf Technical Analysis
21Shares Bitcoin technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
21Shares Bitcoin Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
21Shares Bitcoin ETP cannot be verified against its exchange. Please verify the symbol is currently traded on SIX Swiss Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
21Shares Bitcoin December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how 21Shares Bitcoin etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 21Shares Bitcoin shares will generate the highest return on investment. By undertsting and applying 21Shares Bitcoin etf market strength indicators, traders can identify 21Shares Bitcoin ETP entry and exit signals to maximize returns
21Shares Bitcoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 21Shares Bitcoin's price direction in advance. Along with the technical and fundamental analysis of 21Shares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 21Shares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2461 | |||
| Jensen Alpha | 0.7705 | |||
| Total Risk Alpha | 0.4685 | |||
| Sortino Ratio | 0.3573 | |||
| Treynor Ratio | 1.38 |
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Other Information on Investing in 21Shares Etf
21Shares Bitcoin financial ratios help investors to determine whether 21Shares 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 21Shares with respect to the benefits of owning 21Shares Bitcoin security.