Bitwise Funds Trust Etf Market Value
| BITC Etf | 44.51 0.01 0.02% |
| Symbol | Bitwise |
The market value of Bitwise Funds Trust is measured differently than its book value, which is the value of Bitwise that is recorded on the company's balance sheet. Investors also form their own opinion of Bitwise Funds' value that differs from its market value or its book value, called intrinsic value, which is Bitwise Funds' 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 Bitwise Funds' market value can be influenced by many factors that don't directly affect Bitwise Funds' 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 Bitwise Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise Funds' 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.
Bitwise Funds '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 Bitwise Funds' 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 Bitwise Funds.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Bitwise Funds on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Bitwise Funds Trust or generate 0.0% return on investment in Bitwise Funds over 90 days. Bitwise Funds is related to or competes with Tidal Commodities, Bitwise Crypto, USCF Sustainable, and Osprey Bitcoin. Bitwise Funds is entity of United States More
Bitwise Funds 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 Bitwise Funds' 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 Bitwise Funds Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.58 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 3.15 |
Bitwise Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitwise Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitwise Funds' standard deviation. In reality, there are many statistical measures that can use Bitwise Funds historical prices to predict the future Bitwise Funds' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | 0.1519 | |||
| Treynor Ratio | 0.6078 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bitwise Funds' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bitwise Funds Trust Backtested Returns
Bitwise Funds Trust secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the etf had a -0.18 % return per unit of risk over the last 3 months. Bitwise Funds Trust exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bitwise Funds' Risk Adjusted Performance of (0.07), standard deviation of 2.05, and Mean Deviation of 1.17 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bitwise Funds are expected to decrease at a much lower rate. During the bear market, Bitwise Funds is likely to outperform the market.
Auto-correlation | 0.71 |
Good predictability
Bitwise Funds Trust has good predictability. Overlapping area represents the amount of predictability between Bitwise Funds time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bitwise Funds Trust price movement. The serial correlation of 0.71 indicates that around 71.0% of current Bitwise Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Bitwise Funds Trust lagged returns against current returns
Autocorrelation, which is Bitwise Funds 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 Bitwise Funds' etf expected returns. We can calculate the autocorrelation of Bitwise Funds returns to help us make a trade decision. For example, suppose you find that Bitwise Funds 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 |
Bitwise Funds 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 Bitwise Funds etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitwise Funds etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitwise Funds etf over time.
Current vs Lagged Prices |
| Timeline |
Bitwise Funds Lagged Returns
When evaluating Bitwise Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitwise Funds etf have on its future price. Bitwise Funds 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, Bitwise Funds autocorrelation shows the relationship between Bitwise Funds etf current value and its past values and can show if there is a momentum factor associated with investing in Bitwise Funds Trust.
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.When determining whether Bitwise Funds Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bitwise Funds' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bitwise Funds Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Bitwise Funds Trust Etf:Check out Bitwise Funds Correlation, Bitwise Funds Volatility and Bitwise Funds Alpha and Beta module to complement your research on Bitwise Funds. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Bitwise Funds 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.