Ninepoint Bitcoin Etf Price on December 3, 2024
| BITC Etf | CAD 25.53 0.67 2.56% |
If you're considering investing in Ninepoint Etf, it is important to understand the factors that can impact its price. As of today, the current price of Ninepoint Bitcoin stands at 25.53, as last reported on the 12th of December 2024, with the highest price reaching 26.20 and the lowest price hitting 25.45 during the day. Ninepoint Bitcoin appears to be not too volatile, given 3 months investment horizon. Ninepoint Bitcoin ETF has Sharpe Ratio of 0.23, which conveys that the entity had a 0.23% return per unit of risk over the last 3 months. By analyzing Ninepoint Bitcoin's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please exercise Ninepoint Bitcoin's Risk Adjusted Performance of 0.1864, mean deviation of 1.88, and Downside Deviation of 2.82 to check out if our risk estimates are consistent with your expectations.
Ninepoint Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Ninepoint |
Sharpe Ratio = 0.2326
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.99 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.7 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average Ninepoint Bitcoin is performing at about 18% 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 Ninepoint Bitcoin by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 47.1 K |
Ninepoint Bitcoin Valuation on December 3, 2024
It is possible to determine the worth of Ninepoint Bitcoin on a given historical date. On December 3, 2024 Ninepoint was worth 25.4 at the beginning of the trading date compared to the closed value of 25.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ninepoint Bitcoin etf. Still, in general, we apply an absolute valuation method to find Ninepoint 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 Ninepoint Bitcoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ninepoint Bitcoin's related companies.
| Open | High | Low | Close | Volume | |
| 25.50 | 25.50 | 25.22 | 25.22 | 255.00 | |
12/03/2024 | 25.40 | 25.40 | 25.37 | 25.37 | 762.00 |
| 26.00 | 26.59 | 26.00 | 26.59 | 740.00 |
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Ninepoint Bitcoin Trading Date Momentum on December 3, 2024
| On December 04 2024 Ninepoint Bitcoin ETF was traded for 26.59 at the closing time. The highest price during the trading period was 26.59 and the lowest recorded bid was listed for 26.00 . The volume for the day was 740. This history from December 4, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 4.81% . The trading delta at closing time to the current price is 3.27% . |
About Ninepoint Bitcoin Etf history
Ninepoint 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 Ninepoint is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ninepoint Bitcoin ETF 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 Ninepoint Bitcoin stock prices may prove useful in developing a viable investing in Ninepoint Bitcoin
Ninepoint Bitcoin Etf Technical Analysis
Ninepoint 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
Ninepoint Bitcoin Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Ninepoint Bitcoin ETF cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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.
Ninepoint Bitcoin December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Ninepoint 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 Ninepoint Bitcoin shares will generate the highest return on investment. By undertsting and applying Ninepoint Bitcoin etf market strength indicators, traders can identify Ninepoint Bitcoin ETF entry and exit signals to maximize returns
Ninepoint Bitcoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ninepoint Bitcoin's price direction in advance. Along with the technical and fundamental analysis of Ninepoint Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ninepoint 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 | 0.1864 | |||
| Jensen Alpha | 0.4878 | |||
| Total Risk Alpha | 0.2518 | |||
| Sortino Ratio | 0.2139 | |||
| Treynor Ratio | 0.3579 |
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Other Information on Investing in Ninepoint Etf
Ninepoint Bitcoin financial ratios help investors to determine whether Ninepoint 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 Ninepoint with respect to the benefits of owning Ninepoint Bitcoin security.