21Shares Bitcoin (Switzerland) Price on May 28, 2024
| ABTC Etf | 28.71 2.92 11.32% |
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 28.71, as last reported on the 4th of December, with the highest price reaching 28.73 and the lowest price hitting 28.00 during the day. 21Shares Bitcoin is somewhat reliable given 3 months investment horizon. 21Shares Bitcoin ETP secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the etf had a 0.17% return per unit of risk over the last 3 months. We are able to interpolate and break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.32% are justified by taking the suggested risk. Use 21Shares Bitcoin coefficient of variation of 603.89, and Mean Deviation of 3.87 to evaluate company specific risk that cannot be diversified away.
21Shares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
21Shares |
Sharpe Ratio = 0.172
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.65 actual daily | 68 68% of assets are less volatile |
Expected Return
| 1.32 actual daily | 26 74% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average 21Shares Bitcoin is performing at about 13% 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 May 28, 2024
It is possible to determine the worth of 21Shares Bitcoin on a given historical date. On May 28, 2024 21Shares was worth 18.09 at the beginning of the trading date compared to the closed value of 18.08. 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 | |
| 18.67 | 18.67 | 18.67 | 18.67 | 3,538 | |
05/28/2024 | 18.09 | 18.09 | 17.98 | 18.08 | 4,420 |
| 18.08 | 18.08 | 18.08 | 18.08 | 1,696 |
| Backtest 21Shares Bitcoin | | | 21Shares Bitcoin History | Previous | Next |
21Shares Bitcoin Trading Date Momentum on May 28, 2024
| On May 29 2024 21Shares Bitcoin ETP was traded for 18.08 at the closing time. The highest price during the trading period was 18.08 and the lowest recorded bid was listed for 18.08 . The volume for the day was 1.7 K. This history from May 29, 2024 had no effect on price fluctuation. The daily price change to the current price is 5.64% . |
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.