21Shares Bitcoin (Switzerland) Market Value
| ABBA Etf | CHF 32.67 0.14 0.43% |
| Symbol | 21Shares |
Please note, there is a significant difference between 21Shares Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if 21Shares Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 21Shares 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.
21Shares Bitcoin 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 21Shares Bitcoin's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 21Shares Bitcoin.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in 21Shares Bitcoin on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding 21Shares Bitcoin Suisse or generate 0.0% return on investment in 21Shares Bitcoin over 30 days. 21Shares Bitcoin is related to or competes with UBSFund Solutions, Vanguard, IShares Core, Lyxor Japan, IShares Core, IShares SP, and IShares JP. This product seeks to track the investment results of an index composed of Bitcoin and Ether based on market capitalizat... More
21Shares Bitcoin Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 21Shares Bitcoin's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess 21Shares Bitcoin Suisse upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.229 | |||
| Maximum Drawdown | 16.62 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 7.69 |
21Shares Bitcoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Bitcoin's standard deviation. In reality, there are many statistical measures that can use 21Shares Bitcoin historical prices to predict the future 21Shares Bitcoin's volatility.| Risk Adjusted Performance | 0.21 | |||
| Jensen Alpha | 0.7602 | |||
| Total Risk Alpha | 0.3949 | |||
| Sortino Ratio | 0.2975 | |||
| Treynor Ratio | 1.49 |
21Shares Bitcoin Suisse Backtested Returns
21Shares Bitcoin appears to be not too volatile, given 3 months investment horizon. 21Shares Bitcoin Suisse secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the etf had a 0.28% 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 0.88% is justified by implied risk. Please makes use of 21Shares Bitcoin's mean deviation of 2.21, and Coefficient Of Variation of 376.85 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 21Shares Bitcoin's returns are expected to increase less than the market. However, during the bear market, the loss of holding 21Shares Bitcoin is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
21Shares Bitcoin Suisse has good predictability. Overlapping area represents the amount of predictability between 21Shares Bitcoin time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 21Shares Bitcoin Suisse price movement. The serial correlation of 0.7 indicates that around 70.0% of current 21Shares Bitcoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
21Shares Bitcoin Suisse lagged returns against current returns
Autocorrelation, which is 21Shares Bitcoin etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting 21Shares Bitcoin's etf expected returns. We can calculate the autocorrelation of 21Shares Bitcoin returns to help us make a trade decision. For example, suppose you find that 21Shares Bitcoin has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
21Shares Bitcoin regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If 21Shares Bitcoin etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Bitcoin etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Bitcoin etf over time.
Current vs Lagged Prices |
| Timeline |
21Shares Bitcoin Lagged Returns
When evaluating 21Shares Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Bitcoin etf have on its future price. 21Shares Bitcoin autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, 21Shares Bitcoin autocorrelation shows the relationship between 21Shares Bitcoin etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Bitcoin Suisse.
Regressed Prices |
| Timeline |
Also Currently Popular
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.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.