Grayscale Bitcoin Mini Etf Price on December 23, 2024
| BTC Etf | USD 43.50 0.79 1.85% |
If you're considering investing in Grayscale Etf, it is important to understand the factors that can impact its price. As of today, the current price of Grayscale Bitcoin stands at 43.50, as last reported on the 24th of December, with the highest price reaching 43.50 and the lowest price hitting 42.04 during the day. Grayscale Bitcoin appears to be very steady, given 3 months investment horizon. Grayscale Bitcoin Mini holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of standard deviation over the last 3 months. By evaluating Grayscale Bitcoin's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize Grayscale Bitcoin's market risk adjusted performance of (1.70), and Risk Adjusted Performance of 0.1694 to validate if our risk estimates are consistent with your expectations.
Grayscale Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Grayscale |
Sharpe Ratio = 0.2108
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.46 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Grayscale Bitcoin is performing at about 16% 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 Grayscale Bitcoin by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
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Grayscale Bitcoin Valuation on December 23, 2024
It is possible to determine the worth of Grayscale Bitcoin on a given historical date. On December 23, 2024 Grayscale was worth 42.71 at the beginning of the trading date compared to the closed value of 43.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Grayscale Bitcoin etf. Still, in general, we apply an absolute valuation method to find Grayscale 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 Grayscale Bitcoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Grayscale Bitcoin's related companies.
| Open | High | Low | Close | Volume | |
| 42.18 | 43.35 | 42.04 | 42.71 | 1,418,798 | |
12/24/2024 | 42.71 | 43.50 | 42.04 | 43.50 | 0.00 |
| 42.71 | 43.50 | 42.04 | 43.50 | 0.00 |
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Grayscale Bitcoin Trading Date Momentum on December 23, 2024
| On December 24 2024 Grayscale Bitcoin Mini was traded for 43.50 at the closing time. Highest Grayscale Bitcoin's price during the trading hours was 43.50 and the lowest price during the day was 42.04 . There was no trading activity during the period 0.0. Lack of trading volume on the 24th of December did not cause price change. The overall trading delta to current price is 1.82% . |
Grayscale Bitcoin Mini Fundamentals Correlations and Trends
By evaluating Grayscale Bitcoin's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Grayscale Bitcoin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Grayscale financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Grayscale Bitcoin Etf history
Grayscale 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 Grayscale is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Grayscale Bitcoin Mini 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 Grayscale Bitcoin stock prices may prove useful in developing a viable investing in Grayscale Bitcoin
Grayscale Bitcoin Etf Technical Analysis
Grayscale 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
Grayscale Bitcoin Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
Grayscale Bitcoin Mini cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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.
Grayscale Bitcoin December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Grayscale 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 Grayscale Bitcoin shares will generate the highest return on investment. By undertsting and applying Grayscale Bitcoin etf market strength indicators, traders can identify Grayscale Bitcoin Mini entry and exit signals to maximize returns
Grayscale Bitcoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Grayscale Bitcoin's price direction in advance. Along with the technical and fundamental analysis of Grayscale Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Grayscale 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 | 0.1694 | |||
| Jensen Alpha | 0.6939 | |||
| Total Risk Alpha | 0.5851 | |||
| Sortino Ratio | 0.2352 | |||
| Treynor Ratio | (1.71) |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Grayscale Bitcoin Mini. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
The market value of Grayscale Bitcoin Mini is measured differently than its book value, which is the value of Grayscale that is recorded on the company's balance sheet. Investors also form their own opinion of Grayscale Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Grayscale 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 Grayscale Bitcoin's market value can be influenced by many factors that don't directly affect Grayscale 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 Grayscale Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grayscale Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grayscale 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.