Bitwise Funds Trust Etf Fundamentals
Bitwise Funds Trust fundamentals help investors to digest information that contributes to Bitwise Funds' financial success or failures. It also enables traders to predict the movement of Bitwise Etf. The fundamental analysis module provides a way to measure Bitwise Funds' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bitwise Funds etf.
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Bitwise Funds Trust ETF One Year Return Analysis
Bitwise Funds' One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Bitwise Funds One Year Return | 10.30 % |
Most of Bitwise Funds' fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bitwise Funds Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
CompetitionBased on the recorded statements, Bitwise Funds Trust has an One Year Return of 10.3%. This is much higher than that of the family and significantly higher than that of the Digital Assets category. The one year return for all United States etfs is notably lower than that of the firm.
Bitwise One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bitwise Funds' direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Bitwise Funds could also be used in its relative valuation, which is a method of valuing Bitwise Funds by comparing valuation metrics of similar companies.Bitwise Funds is currently under evaluation in one year return as compared to similar ETFs.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Trending Equities to better understand how to build diversified portfolios. 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Other Tools for Bitwise Etf
When running Bitwise Funds' price analysis, check to measure Bitwise Funds' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bitwise Funds is operating at the current time. Most of Bitwise Funds' value examination focuses on studying past and present price action to predict the probability of Bitwise Funds' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitwise Funds' price. Additionally, you may evaluate how the addition of Bitwise Funds to your portfolios can decrease your overall portfolio volatility.
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