Valkyrie Bitcoin Futures Etf Market Value
| BTFX Etf | 58.12 0.39 0.68% |
| Symbol | Valkyrie |
The market value of Valkyrie Bitcoin Futures is measured differently than its book value, which is the value of Valkyrie that is recorded on the company's balance sheet. Investors also form their own opinion of Valkyrie Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Valkyrie 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 Valkyrie Bitcoin's market value can be influenced by many factors that don't directly affect Valkyrie 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 Valkyrie Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Valkyrie Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Valkyrie 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.
Valkyrie 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 Valkyrie 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 Valkyrie Bitcoin.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Valkyrie Bitcoin on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Valkyrie Bitcoin Futures or generate 0.0% return on investment in Valkyrie Bitcoin over 510 days. Valkyrie Bitcoin is related to or competes with ProShares Trust, IShares Ethereum, Volatility Shares, VanEck Ethereum, Bitwise Ethereum, and Franklin Bitcoin. Valkyrie Bitcoin is entity of United States More
Valkyrie 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 Valkyrie 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 Valkyrie Bitcoin Futures upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.75 | |||
| Information Ratio | 0.2472 | |||
| Maximum Drawdown | 37.89 | |||
| Value At Risk | (6.31) | |||
| Potential Upside | 11.63 |
Valkyrie Bitcoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Valkyrie Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Valkyrie Bitcoin's standard deviation. In reality, there are many statistical measures that can use Valkyrie Bitcoin historical prices to predict the future Valkyrie Bitcoin's volatility.| Risk Adjusted Performance | 0.2013 | |||
| Jensen Alpha | 1.29 | |||
| Total Risk Alpha | 0.6889 | |||
| Sortino Ratio | 0.3366 | |||
| Treynor Ratio | 0.4597 |
Valkyrie Bitcoin Futures Backtested Returns
Valkyrie Bitcoin is not too volatile given 3 months investment horizon. Valkyrie Bitcoin Futures owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the etf had a 0.26% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.74% are justified by taking the suggested risk. Use Valkyrie Bitcoin Futures Risk Adjusted Performance of 0.2013, semi deviation of 3.95, and Coefficient Of Variation of 375.38 to evaluate company specific risk that cannot be diversified away. The entity has a beta of 3.73, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Valkyrie Bitcoin will likely underperform.
Auto-correlation | 0.10 |
Insignificant predictability
Valkyrie Bitcoin Futures has insignificant predictability. Overlapping area represents the amount of predictability between Valkyrie Bitcoin time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Valkyrie Bitcoin Futures price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Valkyrie Bitcoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 15.02 |
Valkyrie Bitcoin Futures lagged returns against current returns
Autocorrelation, which is Valkyrie 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 Valkyrie Bitcoin's etf expected returns. We can calculate the autocorrelation of Valkyrie Bitcoin returns to help us make a trade decision. For example, suppose you find that Valkyrie 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 |
Valkyrie 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 Valkyrie Bitcoin etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Valkyrie Bitcoin etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Valkyrie Bitcoin etf over time.
Current vs Lagged Prices |
| Timeline |
Valkyrie Bitcoin Lagged Returns
When evaluating Valkyrie Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Valkyrie Bitcoin etf have on its future price. Valkyrie 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, Valkyrie Bitcoin autocorrelation shows the relationship between Valkyrie Bitcoin etf current value and its past values and can show if there is a momentum factor associated with investing in Valkyrie Bitcoin Futures.
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 Valkyrie Bitcoin Futures offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Valkyrie Bitcoin's 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 Valkyrie Bitcoin Futures Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Valkyrie Bitcoin Futures Etf:Check out Valkyrie Bitcoin Correlation, Valkyrie Bitcoin Volatility and Valkyrie Bitcoin Alpha and Beta module to complement your research on Valkyrie Bitcoin. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Valkyrie 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.