Ninepoint Bitcoin Etf Performance
| BITC-U Etf | USD 13.80 0.73 5.59% |
The etf secures a Beta (Market Risk) of 1.54, which conveys 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, Ninepoint Bitcoin will likely underperform.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Ninepoint Bitcoin ETF has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unsteady performance in the last few months, the Etf's basic indicators remain somewhat strong which may send shares a bit higher in April 2025. The current disturbance may also be a sign of long term up-swing for the ETF investors. ...more
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Ninepoint Bitcoin Relative Risk vs. Return Landscape
If you would invest 1,754 in Ninepoint Bitcoin ETF on December 26, 2024 and sell it today you would lose (374.00) from holding Ninepoint Bitcoin ETF or give up 21.32% of portfolio value over 90 days. Ninepoint Bitcoin ETF is generating negative expected returns and assumes 2.9164% volatility on return distribution over the 90 days horizon. Simply put, 26% of etfs are less volatile than Ninepoint, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Ninepoint Bitcoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ninepoint Bitcoin's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Ninepoint Bitcoin ETF, and traders can use it to determine the average amount a Ninepoint Bitcoin's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.12
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BITC-U |
Estimated Market Risk
| 2.92 actual daily | 26 74% of assets are more volatile |
Expected Return
| -0.35 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ninepoint Bitcoin is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ninepoint Bitcoin by adding Ninepoint Bitcoin to a well-diversified portfolio.
About Ninepoint Bitcoin Performance
By analyzing Ninepoint Bitcoin's fundamental ratios, stakeholders can gain valuable insights into Ninepoint Bitcoin's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Ninepoint Bitcoin has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Ninepoint Bitcoin has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Ninepoint Bitcoin generated a negative expected return over the last 90 days |
Other Information on Investing in Ninepoint Etf
Ninepoint Bitcoin financial ratios help investors to determine whether Ninepoint 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 Ninepoint with respect to the benefits of owning Ninepoint Bitcoin security.