Bitwise Core's market value is the price at which a share of Bitwise Core trades on a public exchange. It measures the collective expectations of Bitwise Core Bitcoin investors about its performance. Bitwise Core is trading at 9.53 as of the 5th of January 2025, a 0.53% increase since the beginning of the trading day. The etf's lowest day price was 9.35. With this module, you can estimate the performance of a buy and hold strategy of Bitwise Core Bitcoin and determine expected loss or profit from investing in Bitwise Core over a given investment horizon. 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 board of governors.
Symbol
Bitwise
Bitwise Core '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 Core'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 Bitwise Core.
0.00
12/06/2024
No Change 0.00
0.0
In 31 days
01/05/2025
0.00
If you would invest 0.00 in Bitwise Core on December 6, 2024 and sell it all today you would earn a total of 0.00 from holding Bitwise Core Bitcoin or generate 0.0% return on investment in Bitwise Core over 30 days.
Bitwise Core 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 Core'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 Bitwise Core Bitcoin upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitwise Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitwise Core's standard deviation. In reality, there are many statistical measures that can use Bitwise Core historical prices to predict the future Bitwise Core's volatility.
Bitwise Core appears to be somewhat reliable, given 3 months investment horizon. Bitwise Core Bitcoin secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the etf had a 0.26% return per unit of risk over the last 3 months. By analyzing Bitwise Core's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please makes use of Bitwise Core's Risk Adjusted Performance of 0.1978, downside deviation of 2.28, and Mean Deviation of 2.56 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bitwise Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bitwise Core is expected to be smaller as well.
Auto-correlation
0.85
Very good predictability
Bitwise Core Bitcoin has very good predictability. Overlapping area represents the amount of predictability between Bitwise Core time series from 6th of December 2024 to 21st of December 2024 and 21st of December 2024 to 5th of January 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 Core Bitcoin price movement. The serial correlation of 0.85 indicates that around 85.0% of current Bitwise Core price fluctuation can be explain by its past prices.
Correlation Coefficient
0.85
Spearman Rank Test
0.66
Residual Average
0.0
Price Variance
0.07
Bitwise Core Bitcoin lagged returns against current returns
Autocorrelation, which is Bitwise Core 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 Core's etf expected returns. We can calculate the autocorrelation of Bitwise Core returns to help us make a trade decision. For example, suppose you find that Bitwise Core 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 Core 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 Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitwise Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitwise Core etf over time.
Current vs Lagged Prices
Timeline
Bitwise Core Lagged Returns
When evaluating Bitwise Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitwise Core etf have on its future price. Bitwise Core 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 Core autocorrelation shows the relationship between Bitwise Core etf current value and its past values and can show if there is a momentum factor associated with investing in Bitwise Core Bitcoin.
Regressed Prices
Timeline
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